SEBI Approves IPOs for Manipal Health and RentoMojo

The Securities and Exchange Board of India (SEBI) has given the green light to the initial public offerings (IPOs) of Manipal Health, a healthcare conglomerate with a presence in Udupi District, and RentoMojo, a tech‑driven ride‑sharing platform.

The clearance follows a thorough review of the companies' prospectuses, financials and compliance records. For Manipal Health, the IPO will help fund new hospitals and expand tele‑medicine services, while RentoMojo aims to use the proceeds to upgrade its technology stack and enter new markets.

The approvals are expected to enhance liquidity for existing shareholders, attract new investors, and facilitate growth in the local economy. Source: Google News – Manipal.