New Delhi : Three firms -- AceVector, parent company of e-commerce marketplace Snapdeal, Silver Consumer Electricals and Steel Infra Solutions Company -- have secured Sebi's approval to launch initial public offerings (IPOs), an update with the markets regulator showed on Monday.

AceVector confidentially filed its draft IPO papers with Sebi in July, while the other two companies approached the regulator with their preliminary documents in August. The three firms obtained the regulator's observations during November 11-12, the update showed.In regulatory terms, Sebi's observations are equivalent to clearance for launching a public issue. Read Also Primary Market Slowdown Next Week As Only Two IPOs Open, Excelsoft Technologies & Gallard Steel...

The approval comes at a time when the In

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