Five companies get regulator's approval for public issues

Mumbai: Dhoot Transmission, Horizon Industrial Parks, Hotel Polo Towers, Crystal Crop Protection, and Surgiwear received Sebi nod to proceed with their initial public offerings (IPOs).

Sebi has issued 'observations' to these companies, according to the regulator's website, which effectively serve as its go-ahead for launching public issues.

Bain Capital-backed Dhoot Transmission is expected to raise about ₹2,258 crore through a mix of fresh issue and an offer for sale (OFS). Axis Capital is a book-running lead manager for both issues.


Blackstone-backed Horizon Industrial Parks, which plans an entirely fresh issue of ₹2,600 crore, received the regulator's observations on May 5. JM Financial is the lead manager.

Hotel Polo Towers received Sebi's nod on May 4 for its IPO comprising a fresh issue of ₹300 crore and an OFS of up to 71.2 lakh shares. Equirus Capital is the lead manager of the issue.

Crystal Crop Protection's IPO consists of a fresh issue of ₹600 crore and an OFS of up to 74 lakh shares. IIFL Capital Services is the book running lead manager to the issue.