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The Economic Times
The Economic Times

Sebi approves IPO plans of Neolite Lightings, Aspri Spirits and SS Retail

SS Retail SEBI IPO Alcohol

Capital markets regulator Sebi has approved the proposed public offerings of automotive lighting maker Neolite ZKW Lightings, alcohol importer and distributor Aspri Spirits and electronics retail chain SS Retail, paving the way for the companies to tap the primary market.

Among the three, Neolite ZKW Lightings plans to raise Rs 600 crore through a combination of fresh issue and offer-for-sale. The IPO comprises a fresh issue of shares worth Rs 400 crore and an OFS of Rs 200 crore by existing shareholders including Rajesh Jain, Neokraft Global and ZKW Group GmbH.

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