Manipal Health and Rentomojo Receive SEBI Approval for IPOs

SEBI has granted a green light to the initial public offerings of Manipal Health and Rentomojo, allowing the two firms to move forward with their plans to list on the stock exchanges. The nod follows thorough scrutiny of the companies’ financials, business models and regulatory compliance.

Manipal Health, a prominent player in the private healthcare sector, aims to capitalize on growing demand for quality medical services across Karnataka and beyond, while Rentomojo—an online furniture retailer—seeks to expand its footprint and tap into India’s burgeoning e‑commerce market. Both companies have outlined preliminary pricing ranges and book‑building timelines in their IPO filings, which will now be subject to regulatory finalizations.

For investors and the local economy, the listings are seen as a sign of confidence in Udupi’s business environment and the broader growth of the state’s key sectors. The capital raised will support expansion plans, technology upgrades and potentially widen employment opportunities in the region. Source: Google News – Manipal.