SEBI’s nod sets the stage for these companies to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) next week.
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There has been a boom of IPOs in the Indian stock market for many months but the rally is not yet over. The capital market regulator SEBI (Securities and Exchange Board of India) has given approval for several companies to launch their IPOs.
These companies are from different sectors like jewelry, chemicals, renewable energy, and logistics. SEBI has cleared seven companies for IPO launches in a diverse range of sectors and investment opportunities in the upcoming IPO calendar.
7 IPOs In Upcoming Week
- PNGS Reva Diamond Jewellery Ltd.: A jewelry retailer planning its expansion in premium diamond and gold collections.
- Sudeep Pharma Ltd.: A Gujarat-based manufacturer specializing in calcium phosphates and specialty excipients for pharmaceuticals and food, with proceeds targeted for capacity expansion and machinery upgrades.
- Rayzon Solar Ltd.: Received approval for one of the year’s largest renewable energy IPOs, aiming to raise Rs 1,500 crore to boost solar manufacturing capacity.
- Shadowfax Technologies Ltd.: A logistics technology firm.
- Safex Chemicals Ltd.: Engaged in agrochemicals.
- Aggcon Equipments International Ltd.: Infrastructure equipment sector participant.
- Asset Reconstruction Company (India) Ltd. (ARCIL): A financial sector entity focused on asset reconstruction.
This batch of IPO approvals shows a pipeline for India’s capital markets and shows investor interest in these segments like jewelry, pharmaceuticals, green energy, logistics, chemicals, infrastructure, and finance.
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