IPO Update: Market regulator SEBI has approved the IPO of two companies. These companies are Ebixcash Limited and Survival Technologies. The total value of the IPO will be Rs 7,000 crore.
Upcoming IPO: If you like to invest in IPO then there is good news for you. Market regulator Securities and Exchange Board of India ie SEBI has given its approval to the IPO (New IPO) of two companies. These companies are Ebixcash Ltd and Survival Technologies. Both the companies together are going to bring a total IPO of Rs 7,000 crore.
SEBI has issued a statement about these IPOs, saying that both these companies had submitted the documents for the initial offering to SEBI for the first time between March 2022 and December 2022. After this, SEBI gave its observation for IPO to both the companies on April 10, 2023. To bring an IPO, it is necessary for any company to have an observation letter.
Know about the IPO of Ebixcash Limited-
According to the documents submitted to SEBI, Ebixcash is listed in the American stock market Nasdaq (Nasdeq). According to the document submitted to SEBI, the company is trying to raise Rs 6000 crore through IPO (Ebixcash Ltd IPO). In this IPO, the company will not sell shares through Offer for Sale. The entire amount will be raised only through new shares. With the amount received through this IPO, the company will meet the working capital requirements. Along with this, the company will fulfill its general needs and corporate objectives.
Details of IPO of Survival Technologies-
On the other hand, according to the documents submitted by Survival Technologies IPO to SEBI, a total of Rs 200 crore new shares will be issued through the company IPO. Apart from this, the promoter of the company will issue shares worth Rs 800 crore through offer for sale. The company will meet its working capital requirements with this money. The shares of both the companies will be listed on the Bombay Stock Exchange and the National Stock Exchange.
