India: Mahanagar Gas, GVR Infra, Equitas, Maini Precision & GNA Axles get Sebi nod for IPO

Photo: Reuters

2016 has kicked off with five more companies including Mahanagar Gas Ltd, Equitas Holding, GVR Infra Projects, GNA Axles and Maini Precision Products receiving market regulator Sebi’s approval for their initial public offering (IPO), PTI reported.

These are the companies which filed their draft red herring prospectus (DRHP) in September-November quarter 2015 and are expected to raise at least Rs 2,500 crore ($369.8 million), an ET report said, citing sources.

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