India’s red-hot market for initial public offerings is set to face is biggest supply of mega share sales after the market regulator approved proposals from Hyundai Motor India Pvt., Swiggy Ltd. and Vishal Mega Mart Pvt.

India’s IPO market is set to heat up as five major companies – Swiggy, Hyundai Motor India, Acme Solar Holdings, Vishal Mega Mart, and Mamata Machinery – received the green light from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings (IPOs).

A food delivery company is about to test the appetite of India's roaring stock market. SoftBank Group and Prosus-backed startup Swiggy may target a valuation of up to $15 billion in its Mumbai initial public offering,

On offer in the Hyundai India IPO are 14.2 crore shares, equivalent to 17.5% stake, of face value Rs 10 each, according to the draft red-herring prospectus filed with the markets regulator in June this year. The South Korean carmaker will not issue new shares in the IPO.

Swiggy, Hyundai Motor India, Acme Solar Holdings, Vishal Mega Mart, and Mamata Machinery got approval from the capital markets regulator SEBI to go ahead with their IPO plans. According to the latest update,

By Aditya Kalra, Ashna Teresa Britto and Haripriya Suresh NEW DELHI/BENGALURU (Reuters) -SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.

As per the update on Sebi's website, Hyundai Motor India, which will be India's largest IPO at nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24

SEBI issued observation letter to Swiggy, and Hyundai Motor India on September 24; Vishal Mega Mart got it on September 25

SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India's biggest listings this year.