DRHP FILING
Sebi clears IPOs of Avaada, Grand Housing & 2 others
The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group's solar PV manufacturing arm. Chennai-based Grand Housing will launch an entirely offer-for-sale IPO by its promoter. Sebi provided observations for Avaada Electro's confidential DRHP filed in October 2025.
Arohan Financial plans to file for IPO within a month
Microfinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary issue and ₹800 crore offer for sale. This move follows a recovery in the microfinance sector after significant asset quality stress over the past two years.
Arohan Financial Services in final lap to file DRHP for Rs 1400 crore IPO
Arohan Financial Services plans a Rs 1,400 crore IPO, combining fresh issue and OFS, amid improving microfinance sector conditions. With better asset quality, stable growth outlook, and recovering loan portfolios, the company aims to capitalise on renewed investor confidence.
NSE's Rs 20,000 crore mega IPO: Who can sell shares via OFS? Check eligibility, deadlines and more
The National Stock Exchange’s Rs 20,000 crore IPO is nearing launch, with a June DRHP filing expected. The issue will be a pure OFS, allowing only shareholders who held fully paid-up NSE shares since June 2025 to sell. Eligible investors must file EOIs by April 27, 2026.
EPC player Sadbhav Futuretech files draft papers with Sebi for IPO
EPC solar player Sadbhav Futuretech has filed its draft papers with Sebi for an IPO comprising a fresh issue and an OFS. The company plans to use the proceeds for working capital, while financials show strong revenue and profit growth ahead of the proposed listing by Beeline Capital Advisors.
Core4 Engineers files draft papers with BSE's SME platform; to raise funds via IPO
Core4 Engineers is preparing for its Initial Public Offering on the BSE SME platform. The company plans to raise funds through a fresh issue of equity shares. These funds will be used for acquiring property to establish a new manufacturing unit and corporate office. Additionally, the capital will support incremental working capital needs and general corporate purposes.
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Kay Jay Forgings files draft papers with Sebi for Rs 360-cr IPO
Auto components maker Kay Jay Forgings Ltd is set to launch an Initial Public Offering (IPO) aiming to raise Rs 360 crore. The funds will be utilized for expanding manufacturing facilities, including a solar power plant, and for debt reduction. The company, a leading supplier of crankshafts to two-wheeler OEMs, reported strong revenue and profit growth in FY25.
Rediff files confidential IPO papers; eyes Rs 600-800 crore fundraise
The proposed initial public offering could raise between Rs 600 crore and Rs 800 crore, although the final size will depend on market conditions and regulatory approvals. The move comes amid a broader strategic repositioning of Rediff from a legacy internet portal to an AI-led digital platform.
Two companies file IPO papers with Sebi
Two Gujarat-based companies have submitted draft IPO papers to Sebi. Surat's Cosmic PV Power plans to raise ₹640 crore through a fresh issue and OFS. Vadodara's Gujarat Victory Forgings has also filed for an IPO, comprising a fresh issue and an offer for sale.
Gujarat Victory Forgings files draft IPO papers with Sebi, check details
Gujarat Victory Forgings has filed its draft red herring prospectus (DRHP) with market regulator Sebi for its initial public offering (IPO), which will comprise a fresh issue of 65 lakh shares and an offer for sale of 1.32 crore shares by promoter Vijendrakumar Bishamber Gupta.
Zetwerk IPO: Company files confidential papers for Rs 5,000 crore offering
Zetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of India for an IPO, and is planning a Rs 5,000 crore offering while exploring a pre-IPO round. The startup is facing weaker market conditions, with new-age IPOs under pricing pressure and investors seeking aggressive valuations. Its operating revenue fell 11% in fiscal 2025, though net loss narrowed.
Sathya Agencies files draft papers with Sebi for Rs 600-cr IPO
Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with Sebi for a Rs 600 crore IPO. The offering includes a Rs 300 crore fresh issue and a Rs 300 crore offer for sale by promoters. Proceeds will be used for debt repayment, subsidiary acquisition, and general corporate purposes.
AI solutions provider Intellius Recode files draft IPO papers with SEBI: Here’s what you need to know
Intellius Recode is gearing up for its Initial Public Offering, aiming to collect Rs 117 crore through new shares. The promoters will also participate in the offer for sale. The funds will be directed towards advancing digital worker technology and supporting overarching corporate goals. The IPO will include allocations for qualified institutional buyers, non-institutional investors, and retail investors alike.
Zetwerk's pre-IPO move; War hits your deliveries
Happy Monday! Zetwerk is in talks to raise pre-IPO funding. This and more in today's ETtech Morning Dispatch.
Pioneer Fil-Med files papers with Sebi for Rs 500 cr IPO
Pioneer Fil-Med Ltd, a railway components maker, is planning an Initial Public Offering. The company aims to raise Rs 500 crore through a mix of fresh equity and an offer for sale. Proceeds will fund new manufacturing facilities for gearboxes and wind generator components. This move is expected to boost brand visibility and provide market liquidity for its shares.
Rentomojo files draft prospectus for Rs 1,100-1,200 crore IPO
Rentomojo has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering of Rs 1,100-1,200 crore. The proposed offer includes a fresh issue of shares worth Rs 150 crore. The reminder will be shares offered for sale by existing shareholders.
Rentomojo IPO: Furniture e-marketplace files DRHP with Sebi; to raise Rs 150 crore from fresh issue
E-marketplace Rentomojo Limited has filed its Draft Red Herring Prospectus with Sebi for an Initial Public Offering (IPO), aiming to raise Rs 150 crore through fresh equity issuance. The company, a leader in the home furniture and appliance rental segment, plans to utilize the proceeds for debt repayment, lease rentals, and general corporate purposes.
Rentomojo files draft papers with Sebi for IPO; plans Rs 150-cr fresh issue
Online rental platform Rentomojo Ltd has filed preliminary papers with Sebi for an IPO, aiming to raise funds through a fresh issue of Rs 150 crore and an offer-for-sale. The company plans to use the proceeds for debt repayment, warehouse expenses, and general corporate needs. Rentomojo is a leading player in the organized online rental segment for furniture and appliances.
SAEL Industries, Vishvaraj Environment, Symbiotec Pharmalab and 3 others get Sebi nod to launch IPO
Securities and Exchange Board of India approved IPOs of six companies, including Vishvaraj Environment and SAEL Industries. Firms span sectors like renewable energy, chemicals and SaaS, while Jindal Supreme withdrew its draft papers, reflecting active primary market momentum.
Bharat PET files draft papers for Rs 760-crore IPO. Here’s everything you need to know
Bharat PET has filed its DRHP with Sebi for a Rs 760-crore IPO, including a fresh issue and OFS. The issue comprises a fresh issue of equity shares worth up to Rs 120 crore and an offer for sale (OFS) of up to Rs 640 crore by promoter selling shareholders. The packaging maker plans to repay debt, fund capex and strengthen operations.
Investors may offload 252 million shares in Jio Platforms' IPO
Jio Platforms is preparing for a $4 billion IPO, offering a partial exit for its 14 global investors, including Meta and Google. The offer for sale will see early shareholders trim approximately 8-8.5% of their stakes, reducing their combined holding to about 30% post-IPO. Reliance Industries will maintain its 67% ownership.
Jio Platforms likely to file DRHP in next few days for mega IPO
Jio Platforms is preparing for its Initial Public Offering. The company is expected to file its Draft Red Herring Prospectus soon. This offering could become India's largest ever. Existing foreign investors are planning to sell a portion of their stakes. The stock market listing is anticipated in the first half of 2026.
Railway infrastructure provider Laxyo files Rs 150 cr IPO papers
Laxyo Ltd, an EPC services provider for railway infrastructure, has filed preliminary papers with Sebi for a Rs 150 crore IPO. The company plans to use the funds for debt payment, equipment purchase, and working capital.
Temasek-backed Manipal Health Enterprises files DRHP for IPO, to raise Rs 8,000 cr via fresh issue
Manipal Health Enterprises, backed by Temasek, is launching its IPO, aiming to raise approximately 80 billion rupees. This move signals confidence in India's growing need for specialized healthcare services. The hospital chain's draft prospectus reveals plans for a fresh share issuance and a sale by existing investors, positioning it for expansion in the burgeoning medical sector.
Basmati rice exporter Amir Chand mobilises Rs 60 crore from anchor investors
Amir Chand Jagdish Kumar (Exports) Ltd has secured Rs 60 crore from anchor investors. This precedes their Rs 440 crore initial public offering opening on March 24. The company, known for its Aeroplane basmati rice brand, plans to use the funds for working capital and general corporate needs. The IPO will see a fresh issue of shares.
Trenzet Infra files papers with Sebi to raise funds via IPO
Railway-focused EPC player Trenzet Infra Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
Polite Powertech files IPO papers with Sebi. Here’s everything you need to know
Polite Powertech has filed its DRHP with Sebi to launch an IPO comprising fresh issuance and an offer for sale. The power EPC firm has shown sharp growth in revenue and profitability, supported by a strong order book and newly secured projects, strengthening visibility for future expansion.
Mega IPO Wave: SBI Funds and Manipal Hospitals ready DRHP filings
SBI Funds Management and Manipal Hospitals are gearing up for major initial public offerings. SBI Funds' IPO is expected to be between ₹12,000-13,000 crore. Manipal Hospitals' offering is estimated at ₹9,000-11,000 crore. Both companies aim to file their draft prospectuses by the end of March, signaling significant market activity.
India's largest asset manager SBI Mutual Fund files DRHP for IPO. Check details
SBI Mutual Fund, India's largest asset manager, has filed for an IPO. The offering is entirely an offer for sale by its promoters, State Bank of India and Amundi India Holding. This move aims to provide liquidity to existing shareholders. The company manages significant assets and has a strong market share. Financial performance shows consistent growth and high profitability.
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