28 companies receive approval from SEBI to raise IPOs worth Rs45,000 crore between April and July 2022

8 Aug 2022 , 09:44 AM

28 firms have received approval from SEBI for Initial Public Offerings (IPOs) between April and July of 2022 in order to raise a total of Rs45,000 crore  of which approximately Rs33,000 crore has already been raised by 11 debutantes.

The companies that have received the regulator’s approval include lifestyle retail chains like FabIndia, Bharat FIH, a Foxconn Technology Group subsidiary, TVS Supply Chain Solutions, Blackstone-backed Aadhar Housing Finance, Macleods Pharmaceuticals, and Kids Clinic India, which operates super-specialty mother and babycare chain Cloudnine.

Due to the difficult market conditions right now, these companies have not yet announced the launch date of their IPOs and are instead waiting for the ideal opportunity to float their securities.