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Mrs Bectors Food, Sansera Engineering get Sebi's go-ahead for IPO

The two companies had filed their draft papers with the regulator in August, seeking its go-ahead to float initial public offerings

Press Trust of India 

IPO
Illustration: Ajay Mohanty

Biscuit-maker Food Specialities and auto-components maker have received regulator Sebi’s go-ahead to launch initial share-sale offers.

Food and obtained “observations” from the (Sebi) on November 9 and November 12, respectively, showed the latest update with the watchdog.

The two companies had filed their draft papers with the regulator in August, seeking its go-ahead to float initial public offerings (IPO).

According to its draft papers, Food’s IPO will see sale of shares to the tune of ~8 billion by existing shareholders and promoters.

Linus, Mabel, GW Confectionary, and will be offering shares in the IPO.

“Listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders,” the company said.

Sansera Engineering’s IPO will see a sale of up to 17,244,328 equity shares by existing shareholders as well as promoters.

“The listing of equity shares will enhance our brand name and visibility and provide liquidity to the existing shareholders. The listing will also provide a public market for equity shares in India,” said.

First Published: Tue, November 13 2018. 00:19 IST
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