Four companies including Micromax skips IPO plans
As per the news, in spite of huge stock market in this year, four major firms have refrained from coming out with IPOs worth Rs 700 crore, leasing their regulatory sanctions drops.
In the meantime, the four firms which have let their sanctions drop include Micromax Mobiles, Pride Hotels, Betul Oil and Tara Jewels.
Captivatingly, there are more than 10 other firms who have suitable approval in hand and are left with just two months in their validity period of one year from the date of approval.
The name of such firms are as under Marck Biosciences, Tijaria Polypipes, Tara Health Foods, Embassy Property Developers, Dev Procon, VRL Logistics, Lokmat Media, Aravali Infrapower , Joyalukkas India and Semantic Space Technologies .