Vishal Mega Mart, ACME Solar Holdings get Sebi's go ahead to float IPOs
Three companies -- supermart major Vishal Mega Mart, renewable energy firm ACME Solar Holdings and packaging equipment manufacturer Mamata Machinery -- have received Sebi's clearance to raise funds through initial public offerings (IPOs), an update with the regulator showed on Monday. On the other hand, the regulator has returned the draft offer document of manpower services company Innovision, whose proposed IPO was a mix of fresh issuance of shares worth Rs 315 crore and an Offer For Sale (OFS) of up to 11.81 lakh shares. Before that, Hyundai MotorIndia Ltd, the Indian arm of South Korean automaker Hyundai, and food and grocery delivery major Swiggy received Sebi's nod on September 24 to float IPOs. Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale, while the IPO of Swiggy has been pegged at over Rs 10,000 crore. Going by Sebi's update on Monday, Mega Mart took the ...
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