Jacob Ballas-backed Crocodile brand to launch its IPO

SP Apparels has got clearance from capital market regulator Securities and Exchange Board of India (SEBI) for its proposed initial public offer (IPO). Once this happens, it will be the third firm of mid-market PE firm Jacob Ballas to go public in a little over a year. Last year it was theme park operator Adlabs Entertainment and PNC Infratech.