India Pesticides, KIMS get Sebi's go-ahead to launch IPOs
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Last Updated: May 03, 2021, 07:13 PM IST
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Synopsis
The two companies filed their preliminary papers with the Securities and Exchange Board of India (Sebi) in February.
Sebi's observation is necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO)and rights issue.
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NEW DELHI: Agrochemical technicals firm India Pesticides and the Krishna Institute of Medical Sciences have received capital markets regulator Sebi's go-ahead to float initial share-sales.
Krishna Institute of Medical Sciences (KIMS) and India Pesticides obtained Sebi's observation on April 28 and April 30, respectively, an update with Sebi showed on Monday.