3 cos get Sebi’s nod for floating IPOs

New Delhi: Three companies -- Jyoti CNC Automation Ltd, BLS E-Services Ltd, and Popular Vehicles and Services Ltd -- received capital markets regulator Sebi’s go-ahead to raise funds through initial public offerings (IPOs).

These companies, which filed their preliminary IPO papers with Sebi between August and October, obtained observation letters from the regulator during December 12-15, an update by the markets watchdog showed on Wednesday.