Sebi clears IPOs of Intellius Recode, Nityas Gems & Jewellery

Sebi has cleared IPO proposals of Intellius Recode and Nityas Gems and Jewellery. Intellius Recode's issue comprises a fresh issue of Rs 117 crore and an offer for sale of up to 12.90 lakh equity shares, with proceeds aimed at developing AI-based Digital Workers. Nityas Gems and Jewellery's IPO is an entirely fresh issue of 1,44,56,000 shares, with proceeds planned for working capital requirements.