The Securities and Exchange Board of India (SEBI), in its latest update, said it has approved draft papers of six companies, including HDB Financial Services, Vikram Solar, and Dorf - Ketal Chemicals, in the previous week ended May 30. A-One Steels India, Shanti Gold International, and Shreeji Shipping Global are other three companies that got the approval of the regulator.


The capital markets regulator has issued observation letter on draft documents of Dorf - Ketal Chemicals, and Shreeji Shipping Global on May 27, HDB Financial Services on May 28, and Vikram Solar on May 29. Further, the draft documents of A-One Steels India, and Shanti Gold International are cleared on May 30, as per the processing status of draft offer documents published on June 3.

In the SEBI parlance, the issuance of observation letter means the company can launch its IPO within the next one year.