Moneyview, Chandan Steel get Sebi's approval for IPOs

Markets regulator Sebi approved IPO proposals of fintech platform Moneyview and Chandan Steel between June 29 and July 2, following review of their draft papers. Moneyview plans to raise Rs 1,500 crore through a fresh issue along with an offer for sale of up to 13.6 crore equity shares, with proceeds earmarked for expanding its financial services business and supporting loan disbursals. Separately, Shivganga Drillers withdrew its draft IPO papers on June 30, while Torrent Gas confidentially submitted its draft documents to Sebi in April.