Absolute Projects, Jindal Supreme secure SEBI's nod to float IPOs
Absolute Projects (India) Ltd and Jindal Supreme (India) Ltd received approval from the Securities and Exchange Board of India (SEBI) to proceed with their initial public offerings (IPOs). Absolute Projects plans to issue 2 crore equity shares to fund modernization and equipment procurement, while Jindal Supreme will offer 1.07 crore equity shares, including an offer-for-sale of 26.87 lakh shares, to repay debt. Both companies will list their shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).