SEBI approves IPO of Clean Science, Shriram Properties, GR Infraprojects

New Delhi: Markets regulator SEBI has allowed three companies – Clean Science & Technology, Shriram Properties and GR Infraprojects to raise funds through initial public offering (IPO). The three firms had filed their preliminary papers before the Securities and Exchange Board of India (SEBI) in April.

According to the information given by SEBI, SEBI gave its opinion to Clean Science and Technology, Shriram Properties and GR Infraproject on June 12, June 15 and June 16 respectively. SEBI approval is necessary for any company to bring IPO or FPO.

Also read: The sharp rise in the stock market threatens the financial stability, know what the SBI Economist said

Clean Science plans to raise around Rs 1,400 crore through IPO, while Shriram Properties aims to raise Rs 800 crore and GR Infraproject is targeting Rs 800-1,000 crore.

Rolex Rings IPO also approved
Let us tell you that recently SEBI has got the approval of Securities and Exchange Board of India (SEBI) for Initial Public Offering (IPO) of Rolex Rings. According to the documents submitted by the company to the regulator, the IPO will involve issue of fresh shares worth Rs 70 crore and Rivendeal PELLC will bring an offer for sale of 65 lakh equity shares.

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