Two companies, Ami Organics and Century Metal Recycling have received a go-ahead signal from the market regulator the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO). Century Metal Recycling got the observation from the market regulator on September 27 and Ami Organics received observations on September 28, according to the recent update with SEBI.

Century Metal Recycling

The public offer of Century Metal Recycling comprises an offer for sale around 64,02,560 equity shares aggregating around INR 150 crore by the promoters & existing shareholders. The proceeds will be utilized for repayment of a loan and general corporate purposes. The lead managers to the public issue are Edelweiss Financial Services and ICICI Securities.

Ami Organics

The public offer of Ami Organics comprises an offer for sale up to 25 Lac equity shares. The fund will be utilized for repayment of borrowings, meet working capital needs and general corporate purposes. ITI Capital is a lead manager to the public issue.