Securities and Exchange Board of India (Sebi) approves IPOs for Yashoda Healthcare and six other companies.

Key facts

• Securities and Exchange Board of India (Sebi) granted IPO approval to seven companies: Yashoda Healthcare Services, Fusion CX, Orient Cables, Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp.
• These companies approached Sebi between May and September and obtained its observations during December 8-12.
• Market sources estimate the combined IPO proceeds to exceed Rs 6,000 crore.
• Yashoda Healthcare Services filed draft papers in September through a confidential route; its IPO size is expected between Rs 3,000 crore and Rs 4,000 crore.
• Fusion CX plans to raise Rs 1,000 crore via a fresh issue of Rs 600 crore and an offer for sale of Rs 400 crore.
• Orient Cables India Ltd aims to mobilise Rs 700 crore through a fresh issue of Rs 320 crore and an offer for sale of Rs 380 crore.
• SFC Environmental Technologies will raise Rs 150 crore through a fresh issue and an offer for sale of 1.23 crore shares.
• Lohia Corp’s IPO will be entirely an offer for sale of 4.22 crore equity shares with no fresh issue component.
• All seven companies will list their shares on BSE and NSE.