Sebi has cleared IPO papers of four companies, including Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer, adding to a busy pipeline at a time when India’s primary market is seeing strong activity despite volatility in secondary markets. The capital markets regulator issued observations on the draft papers of these companies, according to the latest update.
In Sebi parlance, issuance of observations means the companies can move ahead with their public issues, subject to market conditions and other approvals.
