Branch2 Intelligence
Moneyview, Chandan Steel get Sebi's approval for IPOs
Key takeaway
Sebi approves IPOs for Moneyview and Chandan Steel, signaling a vibrant primary market.
- Step 1Sebi approves IPOs for Moneyview and Chandan Steel, enabling them to raise equity capital.
- Step 2Moneyview uses IPO proceeds to expand its loan book, increasing competition in Indian digital lending.
- Step 3Chandan Steel uses IPO proceeds to expand capacity, potentially lowering steel prices for downstream buyers.
Source: IN:Economic Times
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