Five companies, including Premier Industrial Corporation and mattress maker Duroflex, have received Sebi approval to launch their IPOs. The proceeds will be used for expansion and operational purposes. Virupaksha Organics, Hexagon Nutrition, and Om Power Transmission are also among the companies ready to enter the public markets.

IPO Boom: Five Companies Set to Go Public with Sebi Approval

Five Indian Companies Receive Approval for Initial Public Offerings

In a significant development for the Indian stock market, five companies have secured the green light from the Securities and Exchange Board of India (Sebi) to launch their Initial Public Offerings (IPOs).

Approved Companies:

Premier Industrial Corporation plans to utilize the capital raised for enhancing its manufacturing capabilities and expanding its existing operations in Maharashtra.
Duroflex aims to bolster its brand presence by establishing 120 new company-operated stores across India.
Virupaksha Organics focuses on strengthening its research-based pharmaceutical endeavors.
Hexagon Nutrition is set to offer over 3.08 crore equity shares through an Offer for Sale (OFS).
Om Power Transmission will utilize its raised capital for machinery purchase and debt repayment.

The IPOs will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a significant milestone for these enterprises.

(With inputs from agencies.)