Five Star Business Finance, Waaree Energies get Sebi approval for IPOs

Five Star Business Finance, Waaree Energies get Sebi approval for IPOs

The two companies, filed IPO documents with Sebi between September and November.

AgenciesUpdated: Monday, January 10, 2022, 08:16 PM IST
article-image
Five Star Business Finance is looking to raise up to Rs 2,752 crore through an IPO. |

Five Star Business Finance and solar energy player Waaree Energies received capital markets regulator Sebi's approval to raise funds through initial public offering.

The two companies, filed IPO documents with Sebi between September and November.

Five Star Business Finance is looking to raise up to Rs 2,752 crore through an IPO.The IPO is an entirely an offer for sale (OFS) by existing shareholders and promoter group entities, according to the draft red herring prospectus (DRHP).

Waaree Energies' IPO comprises a fresh issue of equity shares of aggregating to Rs 1,350 crore and offer for sale (OFS) of 40,07,500 equity shares by existing shareholders and promoters.

(With inputs from PTI)

RECENT STORIES

'Gutter Snan' For Aman Gupta; Instagram User Calls Him 'Fraud', Alleges Financial Irregularities...

'Gutter Snan' For Aman Gupta; Instagram User Calls Him 'Fraud', Alleges Financial Irregularities...

GST Reduction To Cut Consumer Price Index Inflation By 25 Basis Points, Could Reduce 35 BSP: SBI...

GST Reduction To Cut Consumer Price Index Inflation By 25 Basis Points, Could Reduce 35 BSP: SBI...

Government-Supported AIFs Invest ₹2,839 Crore In 154 Women-Led Startups

Government-Supported AIFs Invest ₹2,839 Crore In 154 Women-Led Startups

Insurance Laws Amendment Bill, 2025, Which Raised FDI Limit To 100%, Will Attract Capital & Support...

Insurance Laws Amendment Bill, 2025, Which Raised FDI Limit To 100%, Will Attract Capital & Support...

India Remains A Bright Spot Amid Global Uncertainty, With Robust 6.5% Growth Rate & Strong Domestic...

India Remains A Bright Spot Amid Global Uncertainty, With Robust 6.5% Growth Rate & Strong Domestic...