Sebi approves Duroflex IPO; four other companies get green light

Mumbai: Five companies - Premier Industrial Corporation, Virupaksha Organics, Hexagon Nutrition, Om Power Transmission and Duroflex - received approval from the Securities and Exchange Board of India (Sebi) on Friday to proceed with their initial public offerings (IPOs).

The regulator said it has issued observations to all five companies. A final observation from Sebi effectively serves as the go-ahead for the launch of a public issue.

Premier Industrial Corporation plans to raise funds through a fresh issue of 2.25 crore shares and an offer for sale (OFS) of 54 lakh shares.


Virupaksha Organics' IPO will consist entirely of a fresh issue of ₹740 crore.

Om Power Transmission intends to raise capital through a fresh issue of 90 lakh shares and an OFS of 10 lakh shares.

Hexagon Nutrition's issue will comprise an OFS of 3.08 crore shares.

Duroflex's IPO will consist of a fresh issue of ₹183.6 crore and an OFS of 2.25 crore shares.