 "Sebi approves IPOs of Regreen-Excel, Dr Agarwal's, Casagrand, Highway Infra")
The Securities and Exchange Board of India (Sebi) has approved the initial public offerings (IPOs) of four companies: Regreen-Excel EPC India, Dr Agarwal’s Health Care, Casagrand Premier Builder, and Highway Infrastructure. However, two other companies—Amruta Healthcare and Mouri Tech—that had filed their draft documents have withdrawn their applications.
Real estate developer Casagrand Premier Builder plans to raise Rs 1,100 crore through its IPO, which includes an offer for sale (OFS) component of Rs 100 crore by the promoters.
Temasek Holdings and TPG-backed eye care service provider Dr Agarwal’s Health Care plans to raise Rs 300 crore through a fresh issue. The offer also includes an OFS of 6.95 crore shares by promoters and other selling shareholders.
Regreen-Excel EPC India’s IPO consists of a fresh issue of up to Rs 350 crore and an OFS of 1.15 crore equity shares by the promoter selling shareholders. The company specialises in designing and manufacturing ethanol plants. Standard Glass issue booked 182.57x on concluding day The initial share sale of Standard Glass Lining Technology received a huge 182.57 times subscription on the final day of bidding on Wednesday. The Rs 410.05 crore initial public offering (IPO) received bids for 3,80,27,59,991 shares against 2,08,29,567 shares on offer, according to data with the NSE. Qualified institutional buyers garnered 331.60 times subscription while the category for non-institutional investors got subscribed 267.99 times. The quota for retail individual investors received 63.99 times subscription.
Mouri Tech, Amanta Healthcare scrap listing plans