Business
Five companies get regulator’s approval for public issues
Sebi has issued ‘observations’ to these companies, according to the regulator’s website, which effectively serve as its go-ahead for launching public issues.
Bain Capital-backed Dhoot Transmission is expected to raise about ₹2,258 crore through a mix of fresh issue and an offer for sale (OFS). Axis Capital is a book-running lead manager for both issues.
Blackstone-backed Horizon Industrial Parks, which plans an entirely fresh issue of ₹2,600 crore, received the regulator’s observations on May 5. JM Financial is the lead manager.
Hotel Polo Towers received Sebi’s nod on May 4 for its IPO comprising a fresh issue of ₹300 crore and an OFS of up to 71.2 lakh shares. Equirus Capital is the lead manager of the issue.
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Crystal Crop Protection’s IPO consists of a fresh issue of ₹600 crore and an OFS of up to 74 lakh shares. IIFL Capital Services is the book running lead manager to the issue.
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