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IPO News: The IPO market is witnessing a boom at the end of this year and many IPOs are lined up for the next year as well. SEBI has approved three companies to bring IPO and it is believed that IPO of these three companies may come in the beginning of next year.
Which three companies have been approved by SEBI to bring IPO?
Officers’ Choice whiskey maker Allied Blenders & Distillers Ltd., auto components company Divgi Torquetransfer Systems Ltd. and LED lighting solutions provider IKIO Lighting Ltd. are now gearing up for IPOs. These three companies have got the approval of market regulator SEBI to bring Initial Public Offering (IPO).
Securities and Exchange Board of India – Securities and Exchange Board of India (SEBI) said on Monday that the three companies had submitted IPO documents to the market regulator between September and October this year. The companies have received the conclusion of the market regulator during October 13-16. SEBI’s conclusion is necessary for any company to bring IPO.
Learn more about the IPO of the three companies
News Reels
Allied Blenders And Distillers
According to the documents, shares worth up to Rs 1,000 crore will be issued in the IPO of Allied Blenders and Distillers. Apart from this, the promoters of the company and its group entity will bring an offer for sale (OFS) of Rs 1,000 crore.
Divgi Torquetransfer Systems Limited
On the other hand, new shares worth Rs 200 crore will be issued in the IPO of Divgi TorqueTransfer Systems Limited. Its investors and other shareholders will bring an offer for sale of 31,46,802 shares.
IKIO Lighting
New shares up to Rs 350 crore will be issued in the IPO of IKIO Lighting. Apart from this, the sale offer of 75 lakh shares will be brought by the promoters – Hardeep Singh and Surmeet Kaur. The shares of these companies will be listed on BSE and NSE.
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