Top News

There is movement again in the Indian primary market. Capital market regulator SEBI has approved the IPO of eight companies simultaneously. The special thing is that this list is not limited to just one sector. This includes different industries like financial services, infrastructure, engineering, education and manufacturing. This means the range of options for investors could expand significantly in the coming months, and the IPO pipeline looks to be strengthening once again.

Biggest Name: InCred Holdings IPO. Of these eight approvals, InCred Holdings is the most talked about. It is the 100% holding company of InCred Financial Services, considered one of the fastest growing new age NBFCs of India.

InCred Group has not limited itself to just one product, but has spread its network across multiple segments including personal loans, student loans, specialized loans for MSMEs, secured business loans and lending to financial institutions. The company’s figures also tell the story of its scale. Since its inception, the InCred platform has disbursed loans worth over ₹25,000 crore and reached over 400,000 customers.

Its operations are supported by a network of more than 140 branches and more than 2,600 employees. For FY25, the company reported AUM of ₹12,585 crore, a growth of 39% year-on-year. It is being told that the company’s focus is on technology-based underwriting and risk management.

Entry of engineering and IT infrastructure sector

Aarvee Engineering Consultants is also one of those companies that has received approval from SEBI. This IPO will include a fresh issue of ₹ 202.5 crore. Apart from this, there will also be an offer for sale (OFS) of up to 67.5 lakh equity shares by promoter Venkatachala Chakrapani Redla. The company provides infrastructure engineering and project management services in segments like transportation, water and urban development.

Meanwhile, IT systems integrator ArMee Infotech has also received approval from SEBI. This Ahmedabad-based company will launch a pure fresh issue of ₹ 300 crore. The company operates across 14 locations and its clients include government, BFSI, corporate and education sectors. Its services range from IT hardware and software deployment to managed services and digital infrastructure projects.

₹1,200 crore Ledger Power & Infra IPO with big valuation target

Kolkata’s cable and conductor manufacturing company Laser Power & Infra has also got the green signal for its IPO. The company is planning to raise ₹1,200 crore from this issue. According to reports, the company is targeting a valuation range of ₹5,500 crore to ₹6,500 crore. This fund will be used to strengthen the balance sheet and support future expansion plans.

₹2,550 crore Elevate Campus IPO: A completely fresh issue

Another big name in this list is Elevate Campus, which has got approval for an IPO of ₹2,550 crore. This IPO will be a completely fresh issue. The company operates as an education infrastructure platform and focuses on developing and operating student housing and campus infrastructure. The company is planning to list on both NSE and BSE.

Small and mid-sized IPOs also in the pipeline

SEBI has also approved the small IPO of Shankaresh Jewellers. This will include fresh issue up to ₹3 crore and offer for sale (OFS) up to ₹1 crore. Listing of the company is proposed on both NSE and BSE. Apart from this, Ardi Industries involved in metals recycling and recovery has also got approval. This will include fresh issue of up to ₹320 crore and offer for sale (OFS) of up to 3.77 crore shares. Established in 1995, this company is active in the business of lead recycling, smelting and refining.

Meanwhile, SEDEMAC Mechatronics, involved in automotive and industrial electronics, has also received approval for its IPO, but it will be completely OFS-based. Up to 0.8 crore shares will be offered, and the company will not raise any fresh capital from this issue.