← Latest news 
Sebi clears Hindustan Labs and RK Steel IPO plans with fresh issue and offer for sale
Business
Published on 30 April 2026
Two companies move closer to listing after Sebi nod
Hindustan Laboratories has received Sebi’s observations, bringing its IPO closer to reality. The offering will include a fresh issue as well as an offer for sale, with proceeds earmarked for working capital and general corporate requirements. Separately, RK Steel Manufacturing has also received regulatory approval for its IPO issue.
- Sebi’s observations are a major checkpoint for Hindustan Labs’ IPO
- The IPO includes both a fresh issue and an offer for sale
- Funds are planned for working capital and general corporate needs
- RK Steel Manufacturing also received regulatory approval for its issue
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times