Despite the fall in the stock market, SEBI allowed six companies to issue IPO


New Delhi. Sensex has washed away the wealth of lakhs of investors. Even after the Paytm scandal, many companies are preparing to launch their own IPOs in the near future. According to market sources, SEBI has allowed six major companies of the country to enter the market. These companies include MedPlus Health Services, Ratgain Travel Technologies, Poornique Builder, Fusion Microfinance, Traxon Technology and Prudent Corporate Advisory Services.

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Hyderabad-based MedPlus Heist Services plans to raise Rs 1,638.71 crore from the market through an IPO. Renowned real estate company Poornnik Builder is all set to issue a fresh issue worth Rs 510 crore and is expected to sell up to Rs 9.45 lakh by the promoter group. He will use this amount to pay off his debt.

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Leading travel and hospitality company Ratgrain Travel Technology is all set to launch a fresh issue of Rs 400 crore through an IPO. Traxen Technology has also offered sales of up to Rs 3.86 crore. Prudential Corporate Advisory Services is also launching an IPO. So Fusion Micro is also bringing an IPO and a new issue of Rs 600 crore is to be issued.

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