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.

Over 300 stocks, including JSW Steel and NTPC, reached one-year highs on BSE, even as Sensex and Nifty 50 declined 1%. SEBI approved IPO plans for Swiggy, Hyundai Motor India. India’s current account deficit widened to 1.

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).

Swiggy , Hyundai Motor India, Acme Solar Holdings, Vishal Mega Mart, and Mamata Machinery have received approval from the Securities and Exchange Board of India ( SEBI ) to proceed with their initial public offerings (IPOs).

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,

Sebi has approved the IPOs of Swiggy and Hyundai Motor, allowing them to go public in the coming months. Swiggy aims to raise around Rs 10,000 crore, while Hyundai's Rs 25,000 crore issue will be the largest in India's history.

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