Introduction
India's primary market pipeline has received another boost after the Securities and Exchange Board of India (SEBI) granted approval to the proposed initial public offerings (IPOs) of manufacturing technology company Zetwerk and defence electronics maker Tonbo Imaging India. The regulator also cleared the IPO proposals of Marri Retail and Gujarat Victory Forgings, expanding the list of companies preparing to access public capital markets.
Background
Companies planning to launch an IPO in India must obtain SEBI's observations on their draft offer documents before proceeding with the public issue. Once regulatory observations are received, companies can decide the timing of thei
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