Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs

What happened: Sebi issued final observations to Razorpay and Sembcorp Green Infra on their IPO draft documents, allowing both companies to proceed with preparations for their public issues. Key numbers: Sembcorp Green Infra filed in August to raise up to Rs 3,750 crore. Why it matters: The regulator's observations mark an important step in the IPO process. Sembcorp Green Infra's offering is entirely a fresh issue with no offer-for-sale component, and proceeds will repay certain borrowings and strengthen its balance sheet as it scales its renewable portfolio.

Sebi issued final observations to Razorpay and Sembcorp Green Infra on their IPO draft documents, allowing both companies to proceed with preparations for their public issues.

The regulator's observations mark an important step in the IPO process. Sembcorp Green Infra's offering is entirely a fresh issue with no offer-for-sale component, and proceeds will repay certain borrowings and strengthen its balance sheet as it scales its renewable portfolio.