Bansal Wire get Sebi’s nod for IPO

New Delhi: Le Travenues Technology Ltd, which operates the travel booking platform ixigo, and steel wire manufacturer Bansal Wire Industries have received Sebi’s go-ahead to raise funds through Initial Public Offering (IPOs), an update with the markets regulator showed on Wednesday.

The two companies, which filed their preliminary IPO papers with Sebi in February and March, obtained their observations during May 14-17. In Sebi’s parlance, obtaining observations means the regulator’s go-ahead to float public issue.