New Delhi, March 17 -- Three firms -- the travel technology company Travelstack Tech, Learnfluence Education, which runs the 'Lakshya' coaching centres, and the tea cafe chain Tea Post -- have been granted approval by SEBI to gather capital through Initial Public Offerings (IPOs), as per an announcement from the market regulator on Monday.

In contrast, Rays Power Infra, Madhur Iron & Steel, and Arjun Jewellers had their documents "withdrawn or returned" during the period from March 9 to 13, according to the update.

This news arrives as Indian stock markets face pressure due to the ongoing conflict in West Asia.

Travelstack Tech IPO includes a new issue amounting to Rs.250 crore and a sale of up to 26,852,969 equity shares by the promot...