SEBI gives green signal to 4 companies, IPO will hit the market soon – India TV Hindi

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Antero Healthcare Solutions, JNK India, Exicom Tele Systems and Acme Fintrade (India) have received approval from stock market regulator SEBI to raise funds through initial public offering (IPO). In such a case, IPOs of these companies can be seen in the stock market soon. As per the status of the IPO documents with SEBI as of January 19, the regulator has approved the initial share sale to four companies. SEBI said on Thursday that these companies have submitted their IPO documents between June and October. These companies received approval letters between January 16-19.

Documents returned by this company

The Securities and Exchange Board of India (SEBI) has returned the IPO documents of Stalion India Fluorochemicals, news agency PTI reported. However, the reason why the company’s documents were returned has not been revealed.

Details of companies

According to Antero Healthcare Solutions documents, its IPO will see the issuance of new shares worth Rs 1,000 crore while there will also be an offer for sale (OFS) of 85.57 lakh equity shares. Entero Healthcare Solutions was founded in 2018 by Prabhat Agarwal and Prem Sethi.

In JNK India’s IPO, new shares worth Rs 300 crore will be issued. There will be an OFS of 84.21 lakh equity shares. Acme Fintrade (India) Limited of Udaipur will sell 1.1 crore equity shares in its IPO. It will have no OFS. The IPO of Exicom Tele-Systems Ltd will see issuance of new shares of up to Rs 400 crore and OFS of 74 lakh equity shares. Next Web Communications holds 71.45 percent stake in the company.

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