Capital market regulator Sebi has cleared the deck for four mainboard IPOs in its latest communication on January 8, while two DRHPs have been withdrawn. Draft offer documents of Regreen Excel EPC, Casagrand Premier, Highway Infrastructure and Dr Agarwal's Health Care received Sebi's final observations at the end of December, said Sebi.
These four companies had filed their preliminary papers with the regulator between September and October last year.
Moneycontrol had reported in March 2024 that Dr Agarwal's Health Care has kicked off the process to launch an initial public offer this fiscal. The company is backed by marque investors TPG Capital and Temasek.
The draft papers reviewed by Moneycontrol showed the IPO is a mix of fresh equity by the company, and an offer-for-sale by promoters and investors, aiming to raise around Rs 3,000 crore.
Dr Agarwal's Healthcare is the parent of listed firm Dr Agarwal's Eye Hospital, and offers India's largest ophthalmology chain along with related services, and operates in 10 African countries. The business was started by Jaiveer Agarwal and wife Tahira Agarwal in Chennai in 1957, and their son Dr Amar Agarwal is the chairman and managing director of the eye hospital.
Chennai-based real estate developer Casagrand Premier Builder is launching a public issue that includes a fresh equity share issuance worth Rs 1,000 crore and an offer for sale (OFS) of shares valued at Rs 100 crore by the promoters.
Madhya Pradesh-based Highway Infrastructure, a toll collection and EPC infrastructure company, is planning an IPO consisting of a fresh equity share issuance worth Rs 105 crore and an OFS of 31 lakh equity shares. The OFS will involve promoters Arun Kumar Jain and Anoop Agrawal, each selling 15.5 lakh shares.
Regreen-Excel EPC India Ltd, a manufacturer of ethanol plants, is set to launch an IPO featuring a fresh equity share issuance worth Rs 350 crore along with an OFS of 1.14 crore equity shares by the promoters.
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