Sebi returns IPO papers of Vishal Mega Mart, Avanse Fin and 2 others, approves 4 issues

Capital markets regulator Sebi approved IPOs for PN Gadgil Jewellers, KRN Heat Exchanger, Ecos India Mobility, and Premier Energies. The funds raised will be used for corporate expansions and debt repayment. Sebi also returned the draft prospectus documents of Vishal Mega Mart, Avanse Financial Services, Sai Life Sciences, and BMW Ventures.