SEBI clears IPO plans for Razorpay, Sembcorp Green Infra and MakeMyTrip India
India’s market regulator has cleared IPO plans for fintech company Razorpay, renewable-energy producer Sembcorp Green Infra and MakeMyTrip India, allowing them to move ahead with preparations subject to regulatory requirements. Razorpay and MakeMyTrip India used SEBI’s confidential pre-filing route; Razorpay’s approval came on November 3 and MakeMyTrip India’s on November 6. Razorpay has not disclosed the offering size, though reports estimate a potential raise of ₹5,000–6,000 crore. Sembcorp Green Infra received its clearance on November 13 and has proposed a fresh issue of up to ₹3,750 crore, with proceeds intended in part to repay borrowings.
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