The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
Fedbank Financial Services’ IPO consists of a fresh issue of ₹750 crore and an offer for sale of 70.3 million shares. The non-banking financial institution, promoted by Federal Bank, focuses on MSMEs and the emerging self-employed individuals segment.
Epack Durables’ IPO will comprise a fresh issue of ₹400 crore and an offer for sale of 13 million shares. The company is an original design manufacturer of room air conditioners and small domestic appliances.
Mumbai-based real estate company, Suraj Estate Developers’ IPO is solely a fresh issue of ₹400 crore.
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