Five Firms to Launch IPOs: Prestige Hospitality, Anand Rathi Lead the Way
Prestige Hospitality Ventures and Anand Rathi Share and Stock Brokers are among five companies receiving Sebi's approval for IPOs. The firms plan to raise funds for various purposes, including expansion and debt repayment, following regulatory nod from the markets regulator.
- Country:
- India
Five companies, including Prestige Hospitality Ventures and Anand Rathi Share and Stock Brokers, received regulatory approval from Sebi to proceed with initial public offerings (IPOs), according to an update shared by the markets regulator on Wednesday.
Other companies granted clearance are SSF Plastics India, Gujarat Kidney and Super Speciality, and EPack Prefab Technologies. These firms, which submitted their IPO documents between January and April, recently received Sebi's observations, equivalent to the green light for a public issue.
Prestige Hospitality, an extension of realty firm Prestige Estates Projects, aims to raise Rs 2,700 crore through its IPO. Anand Rathi Share and Stock Brokers plans an IPO to raise Rs 745 crore to support long-term capital needs. SSF Plastics India, EPack Prefab Technologies, and Gujarat Kidney and Super Speciality each have detailed investment plans tied to their expected funds from the IPOs.
(With inputs from agencies.)
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