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HomeBusinessFabindia, Ather Industries, five other companies get SEBI nod for IPO

Fabindia, Ather Industries, five other companies get SEBI nod for IPO

New Delhi, May 2 (PTI) Seven companies, including lifestyle products major Fabindia and specialty chemicals maker Ather Industries, have received initial public offering (IPO) approval from the Securities and Exchange Board of India (SEBI).

Apart from these, Sirma SGS Technologies, Asianet Satellite Communications, Sanatan Textiles, Capillary Technologies (India) Limited and Harsha Engineers International Limited have also got the nod for IPO from SEBI.

SEBI said on Monday that the applications made by these companies have been issued ‘conclusion’ during April 27-30. Sebi’s conclusion is necessary for any company to bring IPO.

These companies had submitted preliminary documents for IPO with SEBI during December 2021 to February 2022.

Equity shares of these seven companies will be listed on BSE and NSE.

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