Shadowfax Technologies, PNGS Reva Diamond Jewellery, Rayzon Solar, and Asset Reconstruction Company and three more companies have received approval from the SEBI to go ahead with their fund raising via IPO plans. The regulator also gave green signal to IPOs of Sudeep Pharma, Safex Chemicals India, and Aggcon Equipments International.

The SEBI has issued observation letter on Confidential DRHP (Draft Red Herring Prospectus) of Shadowfax Technologies on October 7, and PNGS Reva Diamond Jewellery IPO papers on October 1.

Further, the regulator issued the observation letter on the draft document of Sudeep Pharma, and Rayzon Solar on October 13, Asset Reconstruction Company (India) on October 14, and Safex Chemicals India and Aggcon Equipments International on October 17.

The issuance of obs

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