Capital markets regulator Sebi has sought clarifications from merchant bankers of four firms including IndiGo and Coffee Day Enterprises regarding their proposed initial public offers (IPOs).
The other firms from which Sebi has sought information are RBL Bank (formerly known as Ratnakar Bank) and global sim card provider Matrix Cellular (International) Services. Without disclosing the details of clarifications sought, Securities and Exchange Board of India (Sebi) has said that it is awaiting response from 'Lead Managers' for the proposed public offers.
According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications were awaited on the IPO of these four companies as on July 24, 2015.
Equity benchmarks remained rangebound in afternoon trade with the Nifty hovering around 8350 level. The broader markets, too, continued to be volatile. The Sensex declined 10.49 points to 27550.89 and the Nifty rose 3.90 points to 8364.90. About 1318 shares have advanced, 1262 shares declined, and 163 shares are unchanged on the BSE. Bank of India plunged 4 percent and Syndicate Bank crashed nearly 6 percent after sharp fall in profit and weak asset quality performance.
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