New Delhi, PTI. 3 more companies are going to come with their IPO. The Securities and Exchange Board of India (SEBI) has approved three companies, including SJS Enterprises and One MobiKwik Systems Ltd, to go for initial public offerings (IPOs). Medical device maker Scanray Technologies Ltd has also received regulatory approval for an IPO. As per the information available with SEBI, the market regulator has issued its comments regarding the IPOs of the three companies. This means that all three have got permission to bring the IPO.
Significantly, according to an EY report, companies in India have raised $9.7 billion through 72 IPOs in the first nine months of this year. This amount is the highest raised in two decades over a period of nine months.
Meanwhile, the board of Coal India Limited may approve the Centre’s proposal for 10 per cent disinvestment in its subsidiary, Central Institute of Mining Planning and Design Limited (CMPDIL). Official sources said on Sunday that the advisory firm will be listed on the stock exchanges.
He said that if the issue of Maharatna Company is approved, it will set a precedent for Coal India to sell and list coal producing subsidiaries.
The Coal Ministry, in a letter dated September 23, had asked Coal India to seek board approval for disinvestment of 10 per cent of the paid-up capital of CMPDIL and listing it on the stock exchange. The next board meeting of Coal India Limited is likely to be held this month, but the date is yet to be decided.