Hyundai to Swiggy: Sebi nod for IPOs paves way for bumper festival season

The Securities and Exchange Board of India (Sebi) has given green light to several mega initial public offerings (IPOs) last week, paving the way for bumper launches during the ongoing festival season.

According to the update on Sebi’s website, Hyundai Motor India, which will be the country’s largest IPO of nearly ~25,000 crore, received the observation letter from the market regulator on September 24.