Edu Firm Crizac, Borana Weaves get Sebi nod for IPOs

MUMBAI: Crizac Ltd and Borana Weaves have received approval from the Securities and Exchange Board of India (Sebi) for their proposed initial public offerings (IPOs).

Education platform Crizac’s IPO is entirely an offer for sale of Rs 1,000 crore by promoters Pinky Agarwal and Manish Agarwal.

Borana Weaves’ IPO is a fresh issue of 70 lakh shares with no offer for sale component. The Surat-based company specialises in production of unbleached synthetic grey fabric.