Sebi approves IPOs for Yashoda Healthcare, Orient Cables, 5 others

As many as seven companies, including Yashoda Healthcare Services, Fusion CX and Orient Cables, have secured Sebi's approval to raise funds through initial public offerings (IPOs), data with the markets regulator showed on Tuesday. Other firms that received regulatory approvals are Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp. Together, these companies are expected to fetch over Rs 6,000 crore, market sources said. These seven companies approached Sebi between May and September, obtained its observations during December 8-12, the update showed. In Sebi's parlance, receiving observations is equivalent to its go-ahead to proceed with a public issue. In Yashoda Healthcare Services, the company filed draft papers with Sebi in September through a confidential route for raising funds through its maiden public offering. According to market sources, the IPO size is expected to be anywhere between Rs 3,000 and Rs 4,000 crore. Turtlemint F