7 months ago
SEBI Approves 8 IPOs Including Eldeco, HD Fire Protect
Eight companies in India got permission from SEBI to raise money by selling shares to the public for the first time.
These companies include Eldeco, which builds homes, and HD Fire Protect, which makes firefighting equipment.
Eldeco wants to use some of the money to pay off debts.
HD Fire Protect's IPO is different because it's only selling shares that existing owners have, not raising new money.
Other companies like Parijat Industries and Rotomag Enertec also got permission to raise money, some of which will be used to pay debts and for general business needs.
SEBI's approval means these companies can now start selling shares to the public.
SEBI approved IPOs for eight companies including Eldeco Infrastructure, Associated Power Structures, and HD Fire Protect.
Eldeco's IPO includes fresh shares worth Rs 800 crore and an offer for sale of Rs 200 crore, with Rs 600 crore earmarked for debt repayment.
HD Fire Protect's IPO is entirely an offer-for-sale of 26,284,500 equity shares by promoters.
Parijat Industries' IPO includes fresh shares worth Rs 160 crore and an offer for sale of 2.04 crore shares, with Rs 121.6 crore for debt payment.
CSM Technologies' IPO is a fresh issue of 1.29 crore equity shares, with proceeds for growth initiatives and debt payment.
- Who
- Eight companies including Eldeco Infrastructure, Associated Power Structures, HD Fire Protect, Parijat Industries, Rotomag Enertec, CSM Technologies, Xtranet Technologies, and AITMC Ventures
- What
- Secured SEBI approval for IPOs
- Where
- India
- When
- Between January 28 and 30
- Why
- To raise funds through initial public offerings
Key facts
- Companies Approved
- 8
- Eldeco Infrastructure IPO Size
- Rs 1,000 crore
- Eldeco Debt Repayment
- Rs 600 crore
- Associated Power Structures IPO Size
- Rs 400 crore + OFS
- HD Fire Protect IPO Type
- Offer-for-Sale (OFS)
- Parijat Industries IPO Size
- Rs 160 crore + OFS
- Rotomag Enertec IPO Size
- Rs 500 crore + OFS
- CSM Technologies IPO Type
- Fresh Issue Only
