SEBI nod for IPOs worth ₹5,000 crore to expire this month

Approvals given by SEBI for IPOs worth ₹5,000 crore are set to lapse in October as four firms have delayed the issue launch amid tough market conditions. The companies are One Mobikwik Systems, Skanray Technologies, Penna Cement Industries, and ESAF Small Finance Bank. According to experts, Paytm owner One97 Communications' disappointing listing was another reason for the delay.