The way for IPO of many companies is cleared!!!

Market regulator SEBI on monday approved several companies to bring IPO. The biggest IPO among these will be of Bajaj Housing Finance. The company is trying to raise Rs 7000 crore from the market. Apart from this, SEBI has also allowed Bazaar Style Retail, Diffusion Engineers, deepak Builders and Manba Finance to bring IPO.

Bajaj Housing Finance's IPO will be of Rs 7000 crore

Bajaj Housing Finance received SEBI's approval letter on Monday. The company is going to do its IPO next year. The company submitted IPO documents to SEBI in june this year. Out of the company's Rs 7000 crore IPO, Rs 4000 crore will be raised through fresh issue and Rs 3000 crore through offer for sale. The company's promoter Bajaj Finance will sell its stake in it. With this money, the company will meet its future capital needs.

Rekha Jhunjhunwala is the biggest investor in Bazaar Style Retail

On the other hand, Kolkata's Bazaar Style Retail's IPO will be more than Rs 186 crore. deepak Builders and Engineers got SEBI's approval on July 31. The company submitted the IPO documents to SEBI in April. The company will use the money coming from the IPO to repay the debt and meet the working capital needs. rekha Jhunjhunwala is the biggest shareholder in this company. She has 7.8 percent stake in the company. She will also reduce her stake through IPO.

Diffusion Engineers, Manba Finance and Deepak Builders also got approval

Apart from this, Diffusion Engineers, deepak Builders and Manba Finance got SEBI's approval on July 30. Nagpur's Diffusion Engineers will sell 98.47 lakh equity shares in its IPO. Maharashtra's NBFC Manba Finance is going to sell 1,25,70,000 equity shares. Both these companies will use the IPO money to meet future needs. SEBI has returned the IPO papers of Sanatan Textiles. The company wanted to bring an IPO of Rs 800 crore.