Four companies get Sebi approval for IPO

Four companies—Varmora Granito, Knack Packaging, Shivalaya Construction, Behari Lal Engineering—have received the Securities and Exchange Board of India's approval to proceed with their initial public offerings (IPOs), according to the information on SEBI's website. The regulator said it has issued 'observations' to four companies for public issues. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.

Meanwhile, B2B seafood platform Infifresh Foods, formerly known as Captain Fresh, filed IPO papers via confidential route for ₹1,700 crore in August this year has withdrawn its offer documents.

The IPO of Varmora Granito will be a fresh issue of shares worth ₹400 crore and an offer for sale (OFS) of 5.24 crore shares by promoters and existing investors.


Knack Packaging ’s public issue will include a fresh issue of ₹475 crore along with an OFS of 70 lakh shares.

Shivalaya Construction ’s IPO will consist of a fresh issue of ₹450 crore and an OFS of 2.48 crore shares.

Behari Lal Engineering ’s issue will be a combination of a fresh issue of ₹110 crore and an OFS of 78.54 lakh shares.