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Srei Equipment Finance, Hinduja Leyland Finance among 4 companies to get Sebi's go ahead for IPO

Penver Products received Sebi's observations on September 5, while the remaining three firms got it on September 7, according to the latest update with the markets watchdog.

September 10, 2018 / 07:30 PM IST

Srei Equipment Finance and Hinduja Leyland Finance are among the four companies that received markets regulator Sebi's approval recently to float initial share sales. Aavas Financiers and Penver Products are the other two companies to get the Sebi's nod for share sale proposals.

Penver Products received Sebi's observations on September 5, while the remaining three firms got it on September 7, according to the latest update with the markets watchdog.

Srei Equipment Finance had filed its draft papers with Sebi in November last year, seeking its clearance to float an IPO, while other three firms had approached the markets watchdog in June this year.

Sebi's observations are necessary for any company to launch public issues like initial public offer, follow-on public offer (FPO) and right issue.