Sebi puts Aditya Birla MF, GoAir IPOs on hold

Mumbai: Markets regulator Sebi has put two applications for launching IPOs — by GoAir (now named Go First) and Aditya Birla MF — on hold without assigning any reason. Market players, however, said that there are ongoing investigations against group entities, and not against these companies that have filed the offer documents with the Sebi, and hence the delay in getting a clearance from the regulator.

Sebi’s latest updates on the status of offer documents filed for fund-raising from the public showed that its observations on the offer document by Aditya Birla MF was ‘kept in abeyance’.

Sebi gave the same reason against GoAir’s IPO. Sebi usually keeps its nod to a fund-raising plan in abeyance if there is any regulatory investigation against a company or its group companies.