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Which of the following companies has not received SEBI approval to raise funds through initial public offerings (IPOs) in 2023?

1. Indian Renewable Energy Development Agency
2. Ganviz Enterprises
3. Both 1 and 2
4. Suraj Estate Developers

Correct answer: Ganviz Enterprises

Solution

Indian Renewable Energy Development Agency and Suraj Estate Developers are real companies associated with IPO activity in 2023. Ganviz Enterprises is the option that does not correspond to a SEBI-approved IPO applicant in this context. Hence, it is the correct answer.

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