Four Key Companies Get Green Signal for Mainboard IPOs as Sebi Clears Draft Documents

New Delhi, January 8: The regulator has cleared draft offer documents (DRP) of four mainboard Initial Public Offerings (IPOs), paving the way for their listings on the stock exchanges. Regreen Excel EPC, Casagrand Premier Builder, Highway Infrastructure Development Company, and Dr Agarwal's Health Care will now proceed with their IPO plans after Sebi issued its final observations.

According to an official statement by the Securities and Exchange Board of India (Sebi), the firms had filed their preliminary papers between September and October last year. Sebi has now cleared the draft offer documents for these companies, giving them a big green signal.

One of the companies, Dr Agarwal's Health Care Ltd, a healthcare firm backed by top investors TPG Capital and Temasek, is planning an initial public offer (IPO) to raise approximately Rs 3,000 crore. The IPO will comprise fresh equity from the company, as well as an offering-for-sale (OFS) by promoters and existing shareholders.

Casagrand Premier Builder, a Chennai-based real estate developer, is set to launch a public issue worth Rs 1,100 crore, including a fresh equity share issuance of Rs 1,000 crore and an OFS of Rs 100 crore.

Highway Infrastructure Development Company, a toll collection and EPC infrastructure company based in Madhya Pradesh, plans to raise Rs 255 crore through its IPO. The company will issue fresh equity worth Rs 105 crore and allow the promoters to sell shares valued at 31 lakh equity shares.

Regreen-Excel EPC India Ltd, which manufactures ethanol plants, is set to launch an IPO with a fresh equity share issuance of Rs 350 crore and an OFS of 1.14 crore equity shares by the promoters.

These four companies are among the key players that have cleared their draft offer documents earlier this year. Today's development marks another significant milestone in the journey towards listing these firms on the stock exchanges.