There are many opportunities to earn through IPO. If you also want to try your hand at this, then start collecting money in your account for the coming days. Actually, market regulator SEBI has given approval to five companies including Bajaj Housing Finance and Manba Finance to bring Initial Public Offering (IPO). This means that there will be great opportunities to invest money in the IPO of these companies. There is a proposal to list the shares of these companies on BSE and NSE.
These companies also got every signal
According to the news, according to the information provided by the Securities and Exchange Board of India (SEBI), the companies that have received approval to bring IPO also include Bazaar Style Retail, Diffusion Engineers Limited and Deepak Builders and Engineers India. However, on the other hand, SEBI returned the draft documents related to the IPO of Santhan Textiles Limited on July 31. Along with this, SEBI has lifted the ban on the proposed initial share sale of Rs 2,200 crore of SK Finance.
Observation sheets given to companies
According to SEBI’s update, five companies that filed IPO related documents between March and June have received regulatory observation letters between July 30 and August 5. Getting an observation letter means approval to issue a public issue. According to the documents, Bajaj Housing Finance’s Rs 7,000 crore IPO will include new equity shares worth up to Rs 4,000 crore and an offer for sale (OFS) of equity shares worth Rs 3,000 crore by parent company Bajaj Finance. According to the news, this share sale is being done to comply with the rules of the Reserve Bank of India, under which upper level non-banking financial companies are required to be listed on the stock markets by September 2025.
Which companies will issue how many shares
The proposed IPO of Manba Finance will be entirely a fresh issue of 1.26 crore shares and there will be no OFS. Currently, promoters hold 100 per cent stake in Maharashtra-based Manba Finance. Bazaar Style Retail’s IPO is a mix of fresh shares worth Rs 148 crore, as well as OFS of 1.68 crore shares by promoter group entities and other shareholders. Diffusion Engineers’ IPO is entirely a fresh issue of 98.5 lakh equity shares. Deepak Builders & Engineers India’s IPO will see 1.2 crore fresh shares issued and an offer for sale of 24 lakh equity shares by the promoters.
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