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SEBI clears Kross, Saraswati Saree Depot IPO papers; returns Polymatech Electronics, Garuda Construction DRHPs

initial public offering: Three cos file draft papers with Sebi to raise funds via IPOs

Proceeds from the fresh issue will be used to set up new dedicated unit for expansion of the company s pick and carry cranes manufacturing capacity, payment of debt, investment in the company s NBFC subsidiary Barota Finance.

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