Upcoming IPOs: 5 firms — Veeda Medical Analysis, Shringar Home of Mangalsutra, Ceremony Water Options India, Seedworks Worldwide, and LCC Initiatives — have obtained SEBI’s approval to boost funds via preliminary public choices (IPOs).
The market regulator has issued remark letters on draft papers of Veeda Medical Analysis and LCC Initiatives on July 3 and for Shringar Home of Mangalsutra, Ceremony Water Options India and Seedworks Worldwide on July 4, in keeping with the newest processing standing of the draft provide paperwork.
Listed here are the IPO particulars for the 5 firms that obtained the SEBI nod —
Veeda Medical Analysis IPO particulars
Ahmedabad-based Veeda Medical Analysis Restricted filed its IPO papers with the market regulator on January 31, 2025, to boost a mixture of a contemporary difficulty of shares as much as ₹185 crore with a face worth of ₹2 per share and an offer-for-sale as much as 130 lakh fairness shares, as detailed within the draft purple herring prospectus (DRHP).
Shrinagar Home of Mangalsutra IPO particulars
Mumbai-based Shringar Home of Mangalsutra filed its DRHP with the capital markets regulator on February 5, 2025, proposing a contemporary difficulty of two.43 crore fairness shares with no provide on the market (OFS) element. The proceeds from the contemporary difficulty, amounting to ₹250 crore, will likely be utilised for the corporate’s working capital wants and basic company functions, as Mint reported on February 6, 2025.
Ceremony Water Options IPO particulars
Nagpur-based Ceremony Water Options (India) has filed its DRHP with the capital markets regulator to boost ₹745 crore via the proposed IPO.
The IPO has a face worth of ₹2 and features a new difficulty of fairness shares as much as ₹300 crore, together with an offer-for-sale of as much as ₹445 crore by the Promoter and Investor Promoting Shareholders.
Seedworks Worldwide IPO particulars
The proposed IPO of the Telangana-based SeedWorks Worldwide DRHP will comprise a completely offer-for-sale of 5.2 crore shares with a face worth of ₹2. The corporate filed the DRHP with the market regulator on February 11, 2025 to boost funds through IPO.
LCC Initiatives IPO particulars
LCC Initiatives filed the IPO papers with SEBI on February 27, 2025. The IPO consists of a contemporary difficulty price ₹320 crore at a face worth of ₹5 and a proposal on the market of two.29 crore shares by promoters.
Disclaimer: This story is for academic functions solely. The views and proposals above are these of particular person analysts or broking firms, not Mint. We advise buyers to test with licensed specialists earlier than making any funding choices.
