travel Le Travenews Technology Ltd, which operates booking platform ixigo, and steel wire manufacturer Bansal Wire Industries have received Sebi’s nod to raise funds through an initial public offering (IPO). The market regulator gave this information on Wednesday. Both the companies had filed IPO documents with the Securities and Exchange Board of India (SEBI) in February and March. He got approval for this from 14 to 17 May.
Fresh shares will be worth Rs 120 crore
According to the IPO document, the proposed IPO of Gurugram-based Le Travenews Technology will be a combination of fresh shares worth Rs 120 crore and an offer for sale (OFS) of 6.66 crore shares by existing shareholders. At the same time, fresh shares worth Rs 745 crore will be included in the IPO of Bansal Wire Industries. There is no offer for sale in this. Apart from this, SEBI returned the IPO documents of Vasuki Global Industries on May 16 without giving any reason. The company had filed the documents last month. At the same time, Raghuveer Exim Limited itself withdrew its IPO documents on May 13, which were filed in April.
These 2 shares will be listed on Thursday
Two shares will be listed on stock exchanges on Thursday. These are shares of Go Digit General and Quest Laboratories. The IPO of Go Digit General opened on 15 May and closed on 17 May. The listing of shares will take place on 23rd May i.e. Thursday. This Rs 2614.65 crore mainboard IPO was subscribed 9.6 times. In the gray market, the company’s shares were seen trading at a premium of Rs 30 against the issue price of Rs 272. Whereas, Quest Laboratories’ IPO of Rs 43.16 crore was opened on May 15 and closed on May 17. The listing of shares will take place on Thursday. This IPO has been subscribed 85.26 times. In the gray market, the company’s shares were seen trading at a premium of Rs 73 against the issue price of Rs 97.
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