Capital markets regulator Sebi has approved the IPOs of Intellius Recode and Nityas Gems and Jewellery, adding two more companies to India's IPO pipeline. Intellius Recode, a next-generation technology solutions provider, received observations from the market regulator for its proposed public issue. The company filed its draft papers with Sebi in March this year.
The IPO will comprise a fresh issue of Rs 117 crore and an offer for sale of up to 12.90 lakh equity shares. The face value of each equity share is Rs 10.