Sebi Clears IPO Plans of 12 Companies, More Listings Set to Hit Markets

India’s primary market is set to witness another busy phase, with the capital markets regulator Securities and Exchange Board of India (Sebi) granting approval to initial public offering (IPO) plans of 12 companies. According to a regulatory update released on Friday, these approvals clear the way for a fresh wave of public listings in the coming months. The companies operate across diverse sectors such as infrastructure, fashion, electronics, healthcare, technology, and data centres, reflecting the broad-based interest in tapping capital markets.

1. Sebi Clears IPO Plans Filed Between June and October

All 12 companies had submitted their draft red herring prospectus (DRHP) to Sebi between June and October last year. The regulator issued its observations between January 19 and January 23. In regulatory terms, Sebi’s observations are considered approval to proceed with a public issue, subject to final compliance requirements.

2. Hella Infra Market Plans Large Infrastructure IPO

Hella Infra Market, the parent company of construction-tech platform Infra.Market, is among the biggest names to receive Sebi’s nod. Backed by global investor Tiger Global, the company has proposed an IPO in the range of ₹4,500 crore to ₹5,500 crore. The issue is expected to include a mix of fresh equity issuance and an offer for sale by existing shareholders. The company had filed its papers through Sebi’s confidential pre-filing route in October.

3. Sify Infinit Spaces Eyes Data Centre Expansion

Sify Infinit Spaces Ltd, a subsidiary of Sify Technologies, has planned a public issue combining a fresh issue of equity shares worth ₹2,500 crore and an offer for sale valued at ₹1,200 crore. The company operates in the data centre and digital infrastructure space, which has seen growing demand due to increased cloud adoption and digitalisation.

4. Fashion Platform Purple Style Labs Targets ₹660 Crore

Purple Style Labs, which runs luxury fashion platform Pernia’s Pop-Up Shop, is planning to raise ₹660 crore through its IPO. The proposed issue will consist entirely of a fresh equity issue. The company aims to use the funds to strengthen its brand presence, expand operations, and invest in technology and marketing.

5. Electronics and Manufacturing Firms Join the IPO Queue

UKB Electronics, an electronic manufacturing services company based in Noida, has proposed an IPO that includes a fresh issue of shares worth up to ₹400 crore and an offer for sale of another ₹400 crore. Meanwhile, Jay Jagdamba Ltd and Oswal Cables are also preparing to tap the markets, reflecting growing investor interest in the manufacturing and infrastructure-linked sectors.

6. CMR Green Technologies Opts for Offer for Sale

Non-ferrous metal recycler CMR Green Technologies has proposed its IPO entirely as an offer for sale of 4.28 crore equity shares. This means the company will not receive any proceeds from the issue, and existing shareholders will dilute their stake.

7. Healthcare and Pharma Firms Plan Market Entry

Medicap Healthcare and Sai Parenteral’s are among the healthcare-focused companies that have received Sebi’s approval. Their IPO plans come at a time when investors continue to show interest in healthcare and pharmaceutical companies due to long-term growth prospects and stable demand.

8. Technology-Focused Firms See Listing Opportunity

Transline Technologies, which provides video surveillance and biometric solutions, has proposed a public issue structured entirely as an offer for sale of 1.62 crore equity shares. Commtel Networks has planned a ₹900-crore IPO, including a fresh issue of ₹150 crore and an offer for sale of ₹750 crore. The company said fresh issue proceeds will be mainly used to repay debt.

9. BVG India to Raise Funds for Facility Management Growth

Facility management services provider BVG India has lined up an IPO comprising a fresh issue worth ₹300 crore and an offer for sale of up to 2.85 crore equity shares by existing shareholders. The company operates across multiple public infrastructure and service segments.

10. IPO Pipeline Signals Strong Primary Market Momentum

With approvals now in place, these companies are expected to hit the IPO market in phases, depending on market conditions. Market participants say the steady flow of IPO approvals signals Sebi’s confidence in the quality of filings and highlights strong fundraising appetite among Indian companies.

Conclusion

The approval of IPO plans for 12 companies by Sebi marks another important step in strengthening India’s capital markets. With offerings spread across infrastructure, technology, manufacturing, healthcare, and fashion, investors can expect a diverse set of opportunities in the coming months. As market conditions remain supportive, the IPO pipeline suggests continued momentum in primary market activity.