Synopsis
India’s capital markets regulator Sebi has approved seven IPOs. Companies in the manufacturing, chemicals, logistics, healthcare, real estate, engineering and precious metals sectors can now raise funds. These approvals pave the way for significant investments and expansion plans in various sectors. Investors can anticipate new opportunities as these companies prepare to go public.
ETMarkets.comCapital markets regulator Sebi has cleared seven IPOs, paving the way for fundraising plans in the manufacturing, chemicals, logistics, healthcare, real estate, engineering and precious metals sectors.
One of the companies to receive approval is Sillverton Industriesan eco-friendly paper manufacturer. The company’s IPO includes a fresh issue of Rs 300 crore with an offer for sale of 3.22 crore shares by the promoters. The company plans to deploy Rs 129 crore of the fresh issue towards sustainability-focused capital expenditure at its existing manufacturing plant, including the installation of a 14 MW waste-to-energy captive power plant and a compressed biogas unit. The balance will be used for general corporate purposes.
Specialty chemicals manufacturer Supreme Chemicals has secured approval for a Rs 499 crore IPO, structured entirely as a new issue with no offer for sale component. Of the receipts, Rs 310 crore will be used to fund a new manufacturing project, while Rs 65 crore is earmarked for debt repayment. Remaining funds will be used to support general business needs. The Gujarat-based company operates in over 15 complex chemicals, supplying intermediates to sectors such as textiles, pharmaceuticals, agrochemicals and personal care.
In logistics, CJ Darcl Logistics received the regulator’s nod for an IPO comprising a fresh issue of up to 2.64 crore shares and a beer offering of 99.05 lakh shares by the promoters. The proceeds from the new issue will be used to purchase equipment and repay debt. The company operates a technology-driven, asset-rights-based logistics model, offering multi-modal transportation, warehousing and distribution services across India and select overseas markets.
Health service provider The joy of IVF is also ready to tap the capital markets. The approved offer includes fresh issue of up to 1.14 crore shares and offer for sale of up to 94.9 lakh shares by the promoter. From the proceeds of the new issue, Rs 50 crore will be used to set up 19 new IVF centers across India, while Rs 20 crore will be allocated for debt repayment. The company currently operates a network of more than 30 centers, including 7 hub centers and 28 spokes, in major cities.
Mumbai-based real estate developer Runwal Developers has received approval for a Rs 2,000 crore IPO. The issue consists of a fresh issue of Rs 1,700 crore and an offer for sale of Rs 300 crore by promoter Sandeep Runwal, who held a 72.76 per cent stake at the time of filing. The company plans to use the proceeds from the new issue primarily for repayment or early repayment of borrowings. As of FY25, Runwal Developers reported net debt of Rs 3,160.52 crore, with a net debt to equity ratio of 0.98x.
Engineering solutions company Lalbaba Engineering also got Sebi approval for its IPO. The proposed issue comprises a fresh issue of Rs 630 crore and an offer of Rs 370 crore to be sold by the promoters. Of the proceeds from the fresh issue, Rs 271 crore will be used for capacity expansion of the company’s Haldia manufacturing plant, while Rs 209 crore is earmarked for debt repayment. Lalbaba Engineering focuses on high performance seamless tubes, precision forgings and integrated rail systems.
The list is rounded off by Augmont Enterprises, an integrated gold and silver platform, which plans to raise up to Rs 800 crore through its IPO. The offer includes a fresh issue of Rs 620 crore and an offer for sale of Rs 180 crore by the promoters. Augmont operates across the entire precious metals value chain, including bullion trading, refining, digital gold, jewelry manufacturing and gold-backed financial services, with operations across 24 states.
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