Sebi seeks clarification on IPO plans of 5 cos including IREDA

The Securities and Exchange Board of India (Sebi) has sought clarification from five companies, including Bandhan Bank and Indian Renewable Energy Development Agency (IREDA), regarding their proposed initial public offerings (IPO). The other companies are Srei Equipment Finance, state- owned RITES Ltd and Mishra Dhatu Nigam Ltd (MIDHANI), according to Sebi data. The market regulator is awaiting clarifications from lead managers for the proposed public issues. Sebi has also said that clarifications are awaited on the proposed IPOs of these five companies. The regulator might issue observations on these companies' document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought, it added.