The regulator said it has issued ‘observations’ to four companies for the public issue. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
ICICI Prudential AMC’s ₹10,000 crore IPO – the largest issue slated for launch in December and the seventh-largest issue in 2025 – will be entirely an offer for sale (OFS). UK-based Prudential Corporation Holdings, the joint venture partner in the asset management company along with ICICI Bank, will sell 1.76 crore shares in the share sale.
ICICI Bank currently owns a 51% stake in ICICI Prudential AMC, while Prudential Corporation Holdings holds the remaining 49% stake. Annu Projects, Technocraft Ventures and Powerica are the other companies that have received the regulatory nod for IPOs
Annu Projects’ IPO consists of a fresh issue of 2.2 crore shares. Technocraft Ventures will raise capital from a fresh issue of 95.05 lakh shares and an offer for sale(OFS) of 23.76 lakh shares. The IPO of Powerica will be a fresh issue of Rs 700 crore and an OFS of Rs 700 crore.