Eldeco Infrastructure Wins SEBI Approval for IPO
NEW DELHI: Eight companies, including real estate firm Eldeco Infrastructure and Properties and Associated Power Structures, have received approval from Sebi to raise funds via initial public offerings (IPO), as reported by the market regulator on Friday. Other companies that gained regulatory consent include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight firms filed their preliminary IPO applications with Sebi between September and October, obtaining the regulator’s observations from January 28 to 30. In regulatory terms, this observation signifies clearance to proceed with a public issue. Eldeco Infrastructure and…