As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce enablement platform Shiprocket, have secured Sebi’s approval to raise nearly Rs 7,700 crore collectively, through initial public offerings (IPO), an update with the markets regulator showed on Monday.

Others that received regulatory approval are German Green Steel and Power, Allied Engineering Works, Skyways Air Services, Rajputana Stainless and Manika Plastech.

All seven companies, which filed their preliminary IPO papers with Sebi between May and July, obtained its observations during October 14 to 31, the update showed.

In regulatory terms, Sebi’s observation is equivalent to clearance for launching a public issue.

The approval comes at a time when the Indian market is experien

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