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Jewellery etailer BlueStone and Elevation Capital-backed Aye Finance on Wednesday received the market regulator’s approval to raise funds through initial public offerings (IPO).
Both companies filed their preliminary IPO papers with the Securities and Exchange Board of India (Sebi) in December.
BlueStone’s IPO comprises a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of 2.4 crore equity shares by selling shareholders, according to the draft papers.
Those selling shares through the OFS are Kalaari Capital Partners II, LLC, Saama…
