Public Market

IPO

Star Health, Latent View Analytics, Sigachi Industries get Sebi nod for IPO

Economic Times  

Star Health & Allied Insurance, Latent View Analytics and Sigachi Industrieshave received capital markets regulator Sebi's go-ahead to launch initial share-sales. Star Health's IPO comprises fresh issue of equity shares worth INR 2,000 crore and an offer for sale of up to 60,104,677 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP). Those offering shares through the offer for sale are promoter and promoter group Safecrop Investments India LLP, Konark Trust, MMPL Trust; and existing investors Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish and Berjis Minoo Desai. Latent View Analytics' IPO consists of a fresh issue of equity shares worth INR 474 crore and an offer of sale of equity shares to the tune of INR 126 crore by a promoter and existing shareholders. The IPO of Sigachi Industries, manufacturer of cellulose based excipient, will see sale of upto 76.95 lakh equity shares.