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

Amazon India, Flipkart Must Remove Products Infringing Reliance, Jio Trademarks: Delhi High Court

Amazon India, Flipkart Must Remove Products Infringing Reliance, Jio Trademarks: Delhi High Court

India, EU To Hold Next Round Of Free Trade Agreement Talks In September

India, EU To Hold Next Round Of Free Trade Agreement Talks In September

ICICI Prudential Life Q1 FY26 Profit Falls 21.8% QoQ, Premium Income Drops 48%

ICICI Prudential Life Q1 FY26 Profit Falls 21.8% QoQ, Premium Income Drops 48%

Gold Dips By ₹200 To ₹99,370 Per 10g, Silver Drops Sharply By ₹3,000 To Rs 1.12 Lakh/Kg

Gold Dips By ₹200 To ₹99,370 Per 10g, Silver Drops Sharply By ₹3,000 To Rs 1.12 Lakh/Kg

Exports Steady At USD 35.14 Bn In June, Trade Deficit Narrows To 4-Month Low Of USD 18.78 Bn

Exports Steady At USD 35.14 Bn In June, Trade Deficit Narrows To 4-Month Low Of USD 18.78 Bn