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A total of seven companies, including Credila Financial Services, Sri Lotus Developers and Realty, and Euro Pratik, have recently received approval from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings. These firms aim to collectively raise at least INR 3,000 crore through a mix of fresh issues and offers for sale. The companies had filed their IPO papers between October 2024 and January 2025, with SEBI issuing its observations earlier this past week. Each firm has detailed specific fundraising objectives, from debt repayment and project financing to marketing and brand enhancement.
As many as seven companies have received approval from the Securities and Exchange Board of India (SEBI) to raise capital through initial public offerings (IPOs), according to a recent update from the regulatory authority. The list of firms includes Credila Financial Services, which specialises in education loans, as well as Sri Lotus Developers and Realty, and decorative panel manufacturer Euro Pratik. Advertisement
In addition to these, SEBI has also cleared IPO plans for Caliber Mining and Logistics, Jaro Institute of Technology Management and Research, Jesons Industries, and Gem Aromatics. Collectively, these companies are targeting to raise at least INR 3,000 crore from the market.
These companies had submitted their preliminary IPO documents to SEBI between October last year and January this year. The regulator issued its observations which signal a green light to go public during the past week.
Credila Financial Services Ltd, earlier known as HDFC Credila Financial Services, filed its draft red herring prospectus through a confidential pre-filing route in December. This filing mechanism enables the issuer to withhold public disclosure of specific DRHP details until a later stage.
Sri Lotus Developers and Realty, backed by Bollywood celebrities and notable investor Ashish Kacholia, is looking to raise INR 792 crore entirely via a fresh issue of shares. As outlined in the draft papers, there will be no offer-for-sale (OFS) component. The company plans to deploy the proceeds across its subsidiaries Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate Pvt Ltd for partially funding its ongoing projects, namely Amalfi, The Arcadian, and Varun. A portion will also be allocated towards general corporate purposes.
Euro Pratik, known for its presence in the decorative wall panel industry, intends to raise INR 730 crore solely through an OFS by its promoters.
Nagpur-headquartered Caliber Mining and Logistics, which operates in coal mining and transportation, is preparing for a INR 600 crore IPO. The issue will consist of a fresh equity issue worth INR 500 crore and an OFS component of INR 100 crore from promoters. The capital raised will be channelled towards debt repayment, acquisition of machinery, and general business needs.
Jaro Institute of Technology Management and Research has structured its INR 570 crore IPO with a fresh issue of INR 170 crore and an OFS of INR 400 crore by promoter Sanjay Namdeo Salunkhe. The proceeds will support marketing efforts, brand-building, debt servicing, and general corporate expenses.
Jesons Industries is planning an IPO comprising a fresh equity issue of INR 300 crore and an OFS of 94.61 lakh shares by a promoter. The company aims to utilise the funds for debt reduction, capital expenditure, and general corporate purposes.
Gem Aromatics, based in Mumbai and engaged in the production of specialty ingredients, will float an IPO that includes a fresh issue of INR 175 crore and an OFS of up to 89.24 lakh shares by both a promoter and an investor. The raised capital will be directed towards debt repayment and general operational needs.
From education loans and real estate to mining and fragrances, these offerings reflect a wide spectrum of India's economic activity. The strategy behind each public issue also reveals the companies' efforts to strengthen their capital structure, finance growth initiatives, and improve market visibility. Their upcoming listings on BSE and NSE could set the tone for a dynamic fundraising environment in the coming months.
Source - PTI
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