Gopal Snacks, Dee Development Engineers, SRM Contractors get SEBI approval to float IPOs

Gopal Snacks, Dee Development Engineers, and SRM Contractors were allowed by the capital markets regulator SEBI to go ahead with their fund raising plans via initial public offerings. The regulator issued observations letter to Dee Development Engineers on February 7, Gopal Snacks on February 8, and SRM Contractors on February 9, as per the processing status of draft offer documents note published by the regulator. The issuance of observations letter by SEBI means the company can launch its public issue within a year from the date of getting the observation letter.