Dronetech startup AVPL International (AITMC Ventures) has received approval from markets regulator Securities and Exchange Board of India (SEBI) for its INR 200 Cr initial public offering (IPO).
According to the latest update on SEBI website, the regulator issued an observation letter to the startup today. In SEBI’s parlance, issuance of an observation letter is a nod to go ahead with the public issue.
The startup took a second shot at a public listing in October last year when it filed a confidential DRHP with SEBI after its board approved…

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