As many as seven companies, including edtech unicorn PhysicsWallah and Saatvik Green Energy, have received Sebi’s go-ahead to raise funds through initial public offerings (IPO), an update with the regulator showed on Thursday.
Others that received regulatory clearance are Vinir Engineering, Pranav Constructions, Fujiyama Power Systems, SIS Cash Services and Anlon Healthcare.
These companies, which filed their preliminary IPO papers between January and April, obtained Sebi’s observations during July 14-18.
In Sebi’s parlance, obtaining its observations means approval to launch public issues.
Meanwhile, Gaudium IVF and Women Health, which filed its IPO documents in January, withdrew draft papers, the update showed.
