SEBI OKs IPOs for Manipal Health and RentoMojo, Boosting Karnataka Capital Markets
By ETF Desk
SEBI cleared IPOs of Manipal Health Care Limited and RentoMojo Limited, enabling them to raise fresh capital from the public. The approvals were released on Wednesday during the NSE’s Financial Services Forum.
Manipal Health Care, a leading network of hospitals in Karnataka, plans to use the proceeds to expand its services across the state, while RentoMojo, a tech‑enabled rental platform, aims to accelerate its growth in the Indian market. The clearance also signals confidence in local enterprises’ compliance with regulatory norms.
The decision brings hope to Udupi’s budding entrepreneurs and local investors who are keen on tapping into promising startups. It underscores the importance of Karnataka’s role in national capital markets and could attract more listings from the region. Source: Google News – Manipal.