 "Securities and Exchange Board of India, Sebi")
The Securities and Exchange Board of India (Sebi) has approved initial public offering (IPO) of seven companies, namely Credila Financial Services, Caliber Mining and Logistics, Sri Lotus Developers and Realty, Jesons Industries, Gem Aromatics, Euro Pratik Sales, and Jaro Institute of Technology and Management.
The market regulator issued observation letters for these companies between May 13 and May 16.
Education loan provider Credila’s ₹5,000 crore IPO comprises both fresh issue and offer for sale. In March 2024, the HDFC Bank had completed the stake sale in HDFC Credila Financial Services to private equity companies BPEA EQT and ChrysCapital for ₹9,553 crore.
Also Read
 "asci The Advertising Standards Council of India on Wednesday appointed Partha Sinha as its new chairman for 2024-25. Sinha is the president and chief brand officer of Bennett Coleman & Company Limited.")
 "Adani group")
 "initial public offering, IPO")
 "Mehul Choksi")
 "Securities and Exchange Board of India, Sebi")
Ashish Kacholia-backed realty firm Sri Lotus Developers and Realty’s IPO will be a fresh issue for ₹792 crore. The company focuses on redevelopment projects in the luxury segment in Mumbai and boasts investments from several Bollywood actors.
Coal extraction and logistics company Caliber Mining and Logistics’ IPO consists of a ₹500 crore fresh issue and ₹100 crore OFS from promoter selling shareholders. On the other hand, Euro Pratik plans to float a ₹730 crore public issue, which is entirely an OFS by promoters.
Investment bankers have indicated that many companies whose IPOs were approved are now lining up for listing with sentiments improving in the market.
 "GIC")
 "HDB financial services, HDFC Group")
 "ipo market listing share market")
 "More Retail, grocery")
