Sebi Nod for IPOS of Fedbank Fin, Epack & Suraj Est Our Bureau Mumbai: Fedbank Financial Services, Epack Durables and Suraj Estate Developers have received market regulator Securities and Exchange Board of India's (Sebl1) approval to go ahead with their proposed initial public offerings (IPO). The regulator issued 1ts final observations on the draft papers f1led by the companies earlier this month. When a company receives a final observation from Sebi, 1t's a signal from the regulator to go ahead with the IPO process. Fedbank Financial Services' IPO consists of a fresh lssue of 750 crore and an offer for sale of 70.3 million shares. The non-banKingfinancial institution, promoted by Federal Bank. focuses on MSMEs and the emerging selfemployed individuals segment. Epack Durables IPO will comprise a fresh issue of 400 crore and an offer for sale of 13 milllion shares. The company is an orlginal design manufacturer of room alr conditioners and small domestic appliances. Mumbai-based real estate company, Sura] Estate Developers' IPO is solely a fresh 1SSue of 400 crore.