Can you tell me about the proposed IPOs of Five Star Business Finance and Waaree Energies?

Both the companies, Five Star Business Finance and Waaree Energies, have got SEBI observations for their DRHP filed about 2 months ago. In stock market lingo, this is equivalent to approval from SEBI for the IPO. Five Star Business Finance is an NBFC backed by TPG, Matrix, Norwest, Sequoia and KKR. Its OFS size will be Rs.2,752 crore. Waree Energies will raise Rs.1,350 crore via combination of fresh issue and offer for sale.