OYO parent among five firms cleared for IPOs by SEBI

SEBI approved five IPOs this week by issuing observations on their draft offer documents. The cleared issuers include Oravel Stays (parent company of OYO), Mehta Hitech Industries, Veegaland Developers, Advanta Enterprises, and Truhome Finance. Oravel Stays plans to raise ₹8,430 crore through its public issue, comprising a ₹7,000 crore fresh issue and a ₹1,500 crore offer for sale.