Securities Exchange Board of India (SEBI) has approved the Initial Public Offer (IPO) of four companies including Ajay Poly Limited, Regal Resources, Lakshmi India Finance and Jaju Rashmi Refractories. These companies manufacture FMCG products and provide loans and financial services. All the companies will soon raise money from investors in the market to expand their business. These companies are bringing IPO Ajay Poly Limited: This Delhi-based company manufactures refrigeration sealing solutions. This IPO will have a fresh issue of ? 238 crore and an offer for sale (OFS) of 93 lakh shares. The face value of each equity share is Rs 1. Regal Resources: This Kolkata-based company is among the top players making maize-based FMCG products. This IPO will have a fresh issue of ? 190 crore and an offer for sale (OFS) of 90 lakh shares. The face value of each equity share is Rs 5. Laxmi India Finance: This Jaipur based NBFC company provides loans and financial services. This IPO will have a fresh issue of 1.04 crore shares and an Offer for Sale (OFS) of 56.38 lakh shares. The face value of each equity share is Rs 5. Jaju Rashmi Refractories: This Jaipur based company manufactures raw materials for steel manufacturing such as ferro silicon, ferro manganese. In this IPO, the company will raise Rs 150 crore through a fresh issue. The face value of each equity share is Rs 10. What is an IPO? When a company issues its shares to the general public for the first time, it is called an Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings an IPO.
