IPOs of six companies including Medplus Health Services, Fusion Microfinance gets SEBI approval

Six additional companies have had their initial public offerings (IPOs) approved by India's market regulator, the Securities and Exchange Board of India (SEBI).

The companies are pharmacy retail chain Medplus Health Services, travel technology services firm RateGain Travel Technologies, real estate developer Purnik Builders, microlender Fusion Microfinance, private market intelligence platform Tracxn Technologies and retail wealth management firm Prudent Corporate Advisory Services.

MedPlus Health Services' Rs 1,639-crore IPO comprises fresh issuance of equity shares worth 600 crore and an Offer For Sale (OFS) of equity shares to the tune of Rs 1,038.71 crore by the promoters and existing shareholders.

The initial share sale of RateGain Travel Technologies consists of a fresh issue of equity shares, aggregating up to 400 crore and an OFS of up to 2.26 crore shares by promoters and existing shareholders.

Fusion Microfinance's IPO comprises fresh issuance of equity shares worth Rs 600 crore and an OFS of 2.19 crore equity shares by promoters and existing shareholders.

The initial share-sale of Prudent Corporate Advisory Services is entirely an OFS of 85,49,340 equity shares.

Puranik Builders' IPO comprises fresh issue of shares worth Rs 510 crore and an OFS of up to 9.45 lakh equity shares by the company's promoters’ group.

Tracxn Technologies' initial share sale will be an OFS of 3.86 crore equity shares by promoter and investor selling shareholders.

The equity shares of these six companies will be listed on the BSE and NSE.