Flemingo: Duty-free chain operator Flemingo Travel Retail gets regulatory nod for IPO

Flemingo Travel Retail Ltd, one of the world's largest duty-free and travel retail operators, has received the green light from Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). SEBI issued final observations to Flemingo Travel on 29 June. The company had filed its draft red herring prospectus on 14 February. Flemingo joins at least 25 other companies in receiving regulatory clearance for IPOs this year. As many as 46 firms had received the nod to go public in 2017, according to SEBI's website. Mumbai-based Flemingo Travel, which was originally incorporated as [...]