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Upcoming IPO: Hexaware Technologies, infrastructure firm Vikran Engineering, PMEA Solar Tech Solutions and Ajax Engineering promoted by US private equity firm Carlyle get approval from Securities and Exchange Board of India to raise money through initial public offering (IPO). (SEBI) has given it. Apart from this, Gujarat based Skoda Tubes and consumer products maker All Time Plastics has also received SEBI approval for its IPO. These companies aim to raise more than Rs 10,000 crore through their IPO.
Hexaware Technologies
All these six companies had submitted their draft papers to SEBI between September and December. He received observation letters from SEBI between 14-17 January. This means that SEBI has given permission to launch IPO. The IPO of IT company Hexaware Technologies is completely an offer for sale. In this IPO, promoters CA Magnum Holdings under Carlyle Group will sell their stake. His stake in this company is 95.03 percent. The company plans to do this through sale of equity shares (OFS) worth a total of Rs 9,950 crore.
Vikran Engineering
The proposed IPO of infrastructure EPC company Vikran Engineering includes a fresh issue of equity shares worth up to Rs 900 crore and an OFS i.e. open for sale of Rs 100 crore by the promoters.
PMEA Solar Tech Solutions
Similarly, there is a fresh issue of Rs 600 crore in the IPO of PMEA Solar Tech Solutions and through OFS, shareholders and promoters will sell shares worth Rs 1.12 crore."text-align: justify;">Ajax Engineering Limited
The investment is based on an offer for sale (OFS) of 2.28 crore equity shares by Kedara-backed company Ajax Engineering Limited, of which Kedara Capital holds 74.37 lakh shares.
All Time Plastics
All Time Plastics is set to launch IPO with OFS of 52.5 lakh shares with fresh issue of Rs 350 crore. In this IPO, each of the promoters Kailash Poonamchand Shah, Bhupesh Poonamchand Shah and Nilesh Poonamchand Shah will sell shares worth Rs 17.5 lakh.
Skoda Tubes
Skoda Tubes also plans to raise up to Rs 275 crore through a new issue of equity shares.
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