Winning Bizness Desk
Mumbai. In the coming days, you can get many opportunities to earn from the stock market. In the month of April-July, many companies were given approval by SEBI for IPO. SEBI has approved 28 companies to bring IPO during April-July in the financial year 2022-23. A whopping Rs 45,000 crore has been planned to be raised through these issuances.
Which companies got approval for IPO?
The firms that have received regulatory approval for IPO include lifestyle retail brand Fabindia, FIH Mobiles and Foxconn Technology Group subsidiary Bharat FIH, TVS Supply Chain Solutions, Blackstone-backed Aadhar Housing Finance and McLeods Pharmaceuticals & Industries Ltd. Kids Clinic India.
Date not yet announced
Merchant bankers said these firms are yet to announce the date for their IPOs and are waiting for the right time to issue. He said that the current market conditions are challenging.
What experts say ?
Prashant Rao, Director, Anand Rathi Investment Banking and Head of Equity Capital Markets, said that the current environment is challenging and companies that have approvals are waiting for the right time to launch an IPO.