4 companies received approvals for their Initial Public Offerings (IPO) from the Security and Exchange Board of India. The organizations are EaseMyTrip, Puranik Manufacturers, Montecarlo, and also Chemcon Speciality Chemicals.
In addition, those organizations presented their draft outline in the Sep-Dec 2019 quarter with SEBI. According to the report of consultants, on 28th Jan, SEBI gave endorsements for the EaseMyTrip and the Puranik Builders.
So also, the Chemcon Speciality Chemicals and the Montecarlo got SEBI endorsements on 31st Jan. On the off chance that any organization needs to present its Initial public offering or FPO and rights issue, the SEBI endorsements necessary for the organization.
Right off the bat, EaseMyTrip.com was an online travel organization. The organization means to raise about Rs 510 cr from this Initial public offering. Nishant Pitti and Rikant Pitti are authors of the organization. They are deal their offers by the idea available to be purchased component at the estimation of Rs 255 cr. This Initial public offering will be overseen by the Simple Excursion Organizers Private Ltd.
Additionally, Puranik Builders Ltd is one of the land business. At first, the new issue of the organization is Rs 810 cr. Likewise, the organization offered 18,59,620 eq shares for deals through this Initial public offering. It intends to raise Rs 1,000 cr through the procedure.
Montecarlo is a development business, the organization presented its draft papers in May 2018. It got endorsements from SEBI in August 2019, yet the organization didn't go into the general population.
At long last, the new issue of the Chemcon Speciality Chemicals concoctions is Rs 175 cr and offered 43 lakh eq shares for deals. Additionally, the size of the Initial public offering is Rs 350 cr.