Gemini Edibles, Data Patterns, 8 other firms to get Sebi nod to float IPOs
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As many as 10 companies, including Gemini Edibles & Fats India, defense supplier Data Patterns (India) Ltd, and digital mapping company MapMyIndia have received markets regulator Sebi's go-ahead to raise funds through IPOs. The other firms that received theGemini Edibles, Data Patterns, 8 other firms to get Sebi nod to float IPOs
As many as 10 companies, including Gemini Edibles & Fats India, defense supplier Data Patterns (India) Ltd, and digital mapping company MapMyIndia have received markets regulator Sebi's go-ahead to raise funds through IPOs. The other firms that received the approval to float the initial public offerings (IPOs) are -- AGS Transact Technologies, Electronics Mart India, India1 Payments, Healthium Medtech, VLCC Health Care, Metro Brands, and Godavari Biorefineries. These 10 companies, which filed their preliminary IPO papers with Sebi between August and September, obtained observations letter from the regulator during November 22-26, an update with the markets watchdog showed on Monday. In Sebi parlance, the issuance of an observations letter implies its go-ahead for the IPO. Going by the draft papers, edible oil company Gemini Edibles & Fats India is looking to raise Rs 2,500 crore through its IPO, which is entirely an offer for sale (OFS) by the company's promoter and existing Read more
