When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process. The regulator issued its final observations on the draft papers last week.
Juniper Hotel’s IPO is a fresh issue of ₹1,800 crore with no offer for sale component. The Juniper is engaged in luxury hotel development and ownership and its properties are managed by the global hotel operator Hyatt.
Arkade Developers’ IPO consists solely of a fresh issue of ₹430 crore. It plans to use the proceeds on ongoing and upcoming projects, acquisition of projects and general corporate expenses.
Logistics company, CJ Darcl Logistic’s issue comprises a fresh issue of ₹340 crore and an offer for sale of 54.31 lakh shares.
Tractor and crane manufacturer, Indo Farm Equipment’s IPO consists of a fresh issue of ₹1.05 crore shares and an offer for sale of 35 lakh shares.
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