SEBI just gave the green light for Sembcorp Green Infra, Razorpay, and MakeMyTrip India to go public.
Razorpay and MakeMyTrip India used SEBI's confidential prefiling route, meaning they get extra time to prepare before hitting the stock market.
Approvals rolled out this month: Razorpay on November 3, MakeMyTrip on November 6, and Sembcorp on November 13.
Razorpay eyes $500 million-$600 million, Sembcorp plans 3,750cr
Razorpay is eyeing $500 million to $600 million from its IPO by 2027 at a $5 billion valuation.
MakeMyTrip's offering will let its parent and subsidiary sell some of their shares.
Sembcorp plans to raise ₹3,750 crore, most of it going toward paying off debt.
With the confidential route, Razorpay and MakeMyTrip India have up to 18 months to launch their IPOs, giving them more breathing room than usual.