3 firms get Sebi nod for IPO

New Delhi: Akums Drugs and Pharmaceuticals has received Sebi approval to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday.

Gold Plus Glass Industry Ltd, Ceigall India and Orient Technologies also obtained the regulator’s nod to float their initial share sale offers. These companies had filed their preliminary IPO papers with Sebi in February.