Sebi gives approval to five IPO proposals

Mumbai: The Securities and Exchange Board of India (Sebi) has approved the IPO proposals of Molbio Diagnostics, LEAP India, Foodlink F&B Holdings (India), Technocraft Ventures and Eldorado Agritech, issuing final observations on their draft papers.

Molbio Diagnostics is planning ₹200 crore fresh issue and an OFS of up to 1.25 crore shares, while LEAP India targets raising ₹2,400 crore through an IPO, comprising ₹400 crore fresh issue and ₹2,000 crore OFS. Foodlink F&B Holdings (India) proposes ₹160 crore fresh issue and an OFS of up to 1.19 crore shares. Technocraft Ventures plans an IPO of 1.19 crore shares, including 95.05 lakh fresh shares and an OFS of 23.76 lakh shares. Eldorado Agritech aims to raise ₹1,000 crore, consisting of a ₹340 crore fresh issue and ₹660 crore OFS.

IPO Withdrawals
Meanwhile, Inox Clean Energy and Sky Alloys and Power have withdrawn their IPO plans. Inox Clean Energy was earlier expected to raise around ₹6,000 crore. Sky Alloys and Power had proposed an issue of 1.78 crore shares, including 1.6 crore fresh shares and an OFS of 18.07 lakh shares.