Sebi gives nod for four IPOs

Mumbai: JNK India, Exicom Tele-Systems, Entero Healthcare and Akme Fintrade have received final observations from the Securities and Exchange Board of India (Sebi) for their proposed initial public offerings (IPOs).

When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.The regulator issued its final observations on the draft papers last week.

Healthcare products distributors Entero Healthcare's IPO consists of a fresh issue of ₹1,000 crore and an offer for sale of 85.57 lakh shares. Prabhat Agrawal, OrbiMed Asia III Mauritius, and Prem Sethi are among the investors selling shares in the OFS.


Heating equipment company, JNK India's IPO comprises fresh equity of ₹300 crore and an offer for sale (OFS) of 84.2 lakh shares. Goutam Rampelli, Dipak Kacharulal and JNK Heaters are among those offloading shares as a part of the OFS.

Exicom Tele-Systems IPO comprises a fresh issue of ₹400 crore and an offer for sale of 74 lakh shares. The company develops EV charging solutions.

Non-banking financial company Akme Fintrade's IPO is solely a fresh issue of 1.1 crore equity shares, with no offer for sale.