SEBI Greenlights 12 IPOs: Infra.Market, Purple Style Labs Among Companies to Raise Crores

• Market regulator SEBI has approved the Initial Public Offerings (IPOs) of 12 companies, signaling their readiness to enter the stock market.
• Companies receiving approval include Infra.Market (parent Hella Infra Market), Purple Style Labs, Jay Jagdamba Ltd, UKB Electronics, CMR Green Technologies, Transline Technologies, Medicap Healthcare, Oswal Cables, BVG India, Sai Parenteral’s, Commtel Networks, and Sify Infinit Spaces.
• SEBI issued 'observations' between January 19 and 23 for draft IPO papers filed by these companies between June and October, allowing them to proceed.
• Infra.Market's IPO, backed by Tiger Global, could range from Rs 4,500 crore to Rs 5,500 crore, comprising both fresh issue and offer for sale.
• Other significant IPOs include Sify Infinit Spaces (Rs 2,500 crore fresh issue, Rs 1,200 crore OFS) and Purple Style Labs (Rs 660 crore fresh issue).

Why It Matters: SEBI has approved 12 IPOs, including Infra.Market and Purple Style Labs, paving the way for significant capital raising.