7-firms get Sebi nod to float IPOs

As many as seven companies, including real estate firm Runwal Developers, engineering solutions provider Lalbaba Engineering, and gold and silver platform Augmont Enterprises, have received approval from Sebi to raise funds through IPOs, according to an update released by the regulator on Friday.

Other companies that secured regulatory clearance include specialty chemicals maker Supreet Chemicals, eco-friendly paper manufacturer Sillverton Industries, logistics services provider CJ Darcl Logistics, and fertility services firm Gaudium IVF, and Women Health Ltd.

These seven companies, which filed their draft initial public offering (IPO) papers between June and October, received Sebi’s observations during January 12 to 15. In regulatory parlance, the receipt of observations allows companies to proceed with their public issues.