Sanstar gets Sebi go-ahead for IPO
When a company receives final observation from Sebi, it's a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.
By ET Bureau | Updated:
BCCL - Non Copyright
Mumbai: Plant-based specialty products firm Sanstar received 'final observations' from the Sebi for its proposed initial public offering (IPO).
When a company receives final observation from Sebi, it's a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.
The IPO comprises a fresh issue of 4 crore shares and an offer for sale of 80 lakh shares. The company will use the proceeds on capital expenditure and prepayment and/ or repayment of borrowings.
When a company receives final observation from Sebi, it's a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.
The IPO comprises a fresh issue of 4 crore shares and an offer for sale of 80 lakh shares. The company will use the proceeds on capital expenditure and prepayment and/ or repayment of borrowings.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
SpaceX shares rise 11% in strong Nasdaq debut after $75 billion IPOADVERTISEMENT
