Leap India, 4 Others Get SEBI Nod for IPOs

Leap India and four other companies have received approval from SEBI to launch their initial public offerings (IPOs).

Leap India plans to raise ₹2,400 crore, with ₹400 crore from new shares and ₹2,000 crore from existing shareholders.

The money will be used to pay off loans and for daily business needs.

The company has a large network of customer touchpoints and fulfillment centers across India.

Other companies like Eldorado Agritech, Molbio Diagnostic, Foodlink F&B Holdings, and Technocraft Ventures also received approval for their IPOs, each with different amounts for new shares and existing share sales.

Two other companies, Inox Clean Energy and Sky Alloys and Power, withdrew their IPO plans.