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MUMBAI : One Mobikwik Systems Ltd, SJS Enterprises Ltd and Skanray Technologies Ltd have received approval from Securities and Exchange Board of India (Sebi) to go public.

On 12 July, Mobikwik had filed its draft papers with the capital markets regulator for its initial public offering (IPO). SJS Enterprises and Skanray had filed draft papers on 28 July and 27 June, respectively. Mobikwik‘s IPO comprises a fresh issue of 1,500 crore and an offer for sale of shares worth 400 crore by its promoters and shareholders.

As part of the OFS, American Express Travel Related Services will sale shares of up to 9.98 crore, Bajaj Finance ( 68.98 crore), Sequoia Capital India Investment Holdings III ( 20.88 crore), Sequoia Capital India Investments IV ( 74.11 crore, Bipin Preet Singh ( 113.33 crore), Cisco Systems ( 11.48 crore), Tree Line Asia Master Fund Pte. ( 24.41 crore) and Upasana Rupkrishan Taku ( 78.82 crore).

ICICI Securities, BNP Paribas, Credit Suisse, IIFL Securities and Jefferies India are the book running managers to the Mobikwik issue.

SJS Enterprises proposed 800-crore IPO consists of an offer for sale for 688 crore by Evergraph Holdings Pte. and 112 crore by K.A. Joseph, a promoter. Axis Capital, Edelweiss Financial Services and IIFL Securities are the managers to the issue.

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