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HDB Financial Services, five others receive Sebi approval to launch IPO

June 04, 2025

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The Morning Standard

HDB Financial Services, a subsidiary of HDFC Bank, Vikram Solar and four other entities have received market regulator Sebi's nod to raise funds through initial public offering (IPO).

- ENS ECONOMIC BUREAU @New Delhi

The other companies that received Sebi's approval are A-One Steels India, Shanti Gold International, Dorf-Ketal Chemicals and Shreeji Shipping Global Limited.

These six companies, which filed their preliminary public offer papers with Sebi between October 2024 and January 25, 2025, obtained their observations during May 27-30. In Sebi's parlance, obtaining observations means go ahead to float the public issue.

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