Sebi Clears IPOs for Infra.Market, Purple Style Labs, and 10 Other Firms

• Infra.Market, Purple Style Labs, and 10 other companies received Sebi's approval to launch Initial Public Offerings (IPOs).
• A total of 12 firms, including Hella Infra Market and Purple Style Labs, secured Sebi's clearance between January 19 and 23.
• Infra.Market, backed by Tiger Global, plans an IPO between ₹4,500 crore and ₹5,500 crore, combining fresh issue and Offer for Sale (OFS).
• Sify Infinit Spaces aims for an IPO with a ₹2,500 crore fresh issue and a ₹1,200 crore OFS.
• Purple Style Labs (Pernia’s Pop-Up Shop parent) will raise ₹660 crore through a fresh issue, while UKB Electronics proposes a ₹400 crore fresh issue and ₹400 crore OFS.

Why It Matters: Sebi has given the green light to 12 companies, including Infra.Market and Purple Style Labs, for their IPOs.