Securities and Exchange Board of India ( SEBI ) has given its approval for the launch of the initial public offerings (IPOs) of Bharat Coking Coal Limited (BCCL) and Aequs Limited, an update with the markets regulator showed on Monday, as news agency PTI reported. Bharat Coking received observations on September 19, while Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, got Sebi's approval on September 18. Coal India had submitted the Draft Red Herring Prospectus (DRHP) for the proposed IPO of its wholly owned subsidiary, BCCL in June this year, while Aequs filed through the confidential pre-filing route in the same month, seeking to raise around USD 200 million. In regulatory terms, Sebi's observations are equivalent to clearance for launc

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