earning opportunities for investors; Four more IPOs will hit the market, Sebi gave the green light!

Mumbai : There is important news for investors investing in IPOs. Sebi has approved initial public offering (IPO) of four companies namely Biba Fashion Limited, Keystone Realtors, Plaza Wires and Hemani Industries. These companies have received the observation letter on 14th October.

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Biba Fashion Ltd
Ethnic wear fashion firm Biba Fashion had filed draft documents (DRHP) for an IPO in April. According to the draft documents, new shares worth Rs 90 crore will be issued under the IPO. Also, 2.77 crore equity shares will be sold under Offer for Sale (OFS) from promoters and existing investors.

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Keystone Realtors
Keystone Realtors, a Rustomji Group company, had filed draft documents to raise Rs 850 crore through an IPO in June. According to the document (DRHP), it will issue new equity shares of up to Rs 700 crore. 150 crore shares will be sold by the promoters under the Offer for Sale (OFS).

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Hemani Industries (Hemani Industries)
Agrochemical maker Hemani Industries Ltd had filed draft papers in March to raise Rs 2,000 crore through an IPO. 500 crore worth of new shares will be issued under this IPO. In addition, equity shares up to Rs 1,500 crore will be sold by the promoters under the Offer for Sale.

Plaza Wires
In May, Plaza Wires had filed draft documents for the share sale. The Delhi-based company is engaged in the business of manufacturing, marketing and sales of wire, aluminum cables and electrical goods. The company will issue 1,64,52,000 new shares.