Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay filed draft documents with Sebi via the confidential route in June for an IPO.
Fintech firm Razorpay and renewable energy company Sembcorp Green Infra have received Sebi's nod to float IPOs, allowing them to proceed with preparations for their public issues. Razorpay, founded in 2014, offers a range of financial services to businesses through an integrated platform, while Sembcorp Green Infra, a renewable energy independent power producer, is looking to raise up to Rs 3,750 crore through the IPO.
The regulator's observations mark an important step in the IPO process, enabling both companies to move forward with their public offerings, provided they meet all regulatory requirements.
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