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Pharmacy Retail Chain To Travel Firm, 6 Companies Get Sebi Approval For IPO

Pharmacy Retail Chain To Travel Firm, 6 Companies Get Sebi Approval For IPO

New Delhi: In a year of record initial public offerings (IPOs) this year, market regulator Sebi has approved issues of six more companies to raise funds. The companies which got the approval include pharmacy retail chain MedPlus Health Services, travel technology services firm RateGain Travel Technologies, and microlender Fusion MicroFinance.

Other firms to have received the approval to float their Initial Public Offerings (IPOs) are retail wealth management firm Prudent Corporate Advisory Services, private market intelligence platform Tracxn Technologies and real estate developer Puranik Builders, according to news agency PTI.

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The above six companies, which filed their preliminary IPO papers with Sebi between August and September, has received an observation letter from the regulator during November 16-18, an update with the markets watchdog showed on…

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