22 Oct 2025 | 5 Mins Read
Four firms get SEBI approval for initial public offers
Flipitmoney
SEBI gave approval to seven companies, including Shadowfax Technologies and Rayzon Solar, to raise funds through IPOs. The companies - Shadowfax, Rayzon, ARCIL, Safex Chemicals, PNGS Reva Diamond Jewellery, Aggcon Equipments, and Sudeep Pharma - plan to raise ₹2,000-2,500 crore, ₹1,500 crore, up to ₹332 crore, ₹450 crore, ₹450 crore, ₹332 crore, and ₹95 crore respectively.