As many as eight firms including defence equipment manufacturer SMPP, Brigade Hotel and PVC blend-based building material maker Kumar Arch Tech have received Sebi's go ahead to raise over Rs 6,500 crore through initial public offerings (IPOs).
Other companies that have received Sebi's approval include Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, and Prostarm Info Systems, an update with the markets regulator showed on Tuesday.
Sebi received preliminary IPO documents from these firms between October and November, and issued its observations during January 28-31, the update showed.
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