India, Feb. 6 -- Markets regulator SEBI has greenlit the initial public offerings (IPOs) of new-age tech companies SEDEMAC and InCred. In its weekly update, the markets regulator said it issued observation letters to the fintech company yesterday and the deeptech company today.

In SEBI's parlance, the issuance of an observation letter is a formal go-ahead to proceed with the IPO.

InCred filed its IPO papers confidentially in November. While exact details of the issue size is not clear, the company earlier sought shareholder approval to raise up to INR 1,500 Cr via a fresh issue of shares from its IPO.

Meanwhile, SEDEMAC Mechatronics, which is an IIT Bombay-incubated deeptech company, also filed its DRHP in November. The company's publi...