SEBI Greenlights 5 IPOs: Indo-MIM, Kissht, Alcobrew Distilleries Among Approved Firms

• SEBI has approved IPO plans for five companies: Indo-MIM, Onemi Technology Solutions (Kissht), Alcobrew Distilleries India, Astha Spintex, and Kusumgar.
• The issuance of observations by SEBI allows these companies to launch their Initial Public Offerings within one year.
• Onemi Technology Solutions (Kissht), backed by Temasek Holdings, aims to raise Rs 1,000 crore, with investors selling 8.88 million shares.
• Bengaluru-based Indo-MIM plans to raise Rs 1,000 crore through new shares and an OFS of up to 129.7 million equity shares.
• Alcobrew Distilleries India seeks to raise Rs 258.3 crore, Astha Spintex Rs 160 crore, and Kusumgar up to Rs 650 crore, primarily through OFS.

Why It Matters: Five companies, including Indo-MIM and Kissht, received SEBI approval to launch their IPOs within a year.