SEBI clears ESDS Software Solution, BLS Polymers, Dhariwal Buildtech IPOs worth over Rs 1,700 crore

The capital markets regulator has issued observations on the draft papers of these companies last week. Dhariwal Buildtech has received observations on its IPO document on December 15, BLS Polymers on December 16, and ESDS Software Solution on December 19, as per the processing status of draft offer documents published on December 23. The issuance of observations means the company can go ahead with its fund raising plans via IPO within the next one year. Maharashtra-based ESDS Software Solution, the cloud infrastructure and data center services provider, has refiled its Draft Red Herring Prospectus with the SEBI in March this year to raise Rs 600 crore via IPO. It will be entirely fresh issue with no offer-for-sale component. Earlier, in September 2021, it had draft papers for the IPO.