Capital markets regulator SEBI has approved 8 IPOs, opening the way for new offerings in financial services, infra, engineering, education and manufacturing sectors. Incred Holdings is the most prominent among the approvals. The special thing is that in the current year also many IPOs are going to come in the stock market. Among which the most prominent IPO is of Jio platform and NSE. Whose size is more than Rs 20 thousand crores. The size of Jio’s IPO can go much beyond this. Also, in the current year, all the old records in terms of IPO may also be broken. Let us also tell you which 8 companies have got the approval from SEBI to launch IPO.
Incred’s IPO approved
InCred Holdings is the 100% holding company of InCred Financial Services, one of India’s fastest growing Next Gen Non-Banking Finance Companies (NBFCs). InCred Group has established a decertified loan distribution network including Personal Loans, Student Loans, Special MSME Loans, Secured Commercial Loans and lending to finance institutions. Since inception, the platform has distributed loans worth over Rs 25,000 crore to over 4 lakh customers through a network of over 140 branches and over 2,600 employees. By FY2025, InCred Finance reported assets under management of Rs 12,585 crore, showing a YoY growth of 39 per cent supported by tech-based underwriting and disciplined risk management.
These companies also got approval
- Engineering consultancy firm RV Engineering Consultants has also received approval for its IPO. This will include a fresh issue of Rs 202.5 crore and sale of 67.5 lakh equity shares by promoter Venkatachala Chakrapani Redla. The company provides infrastructure engineering and project management services in the transport, water and urban development sectors.
- IT infrastructure and systems integrator ARMY Infotech has received approval from SEBI for a pure fresh issue of Rs 300 crore. Headquartered in Ahmedabad, the company operates across 14 locations and provides services ranging from IT hardware and software deployment to managed services and digital infrastructure projects to government, BFSI, corporate and education sector clients.
- Kolkata-based cable and conductor maker Laser Power & Infra has received approval to raise Rs 1,200 crore through its IPO. The company is targeting a valuation of Rs 5,500 crore to Rs 6,500 crore. The objective of this issue is to strengthen its balance sheet and support expansion plans.
- Education infra platform Elevate Campus has received approval for its Rs 2,550 crore IPO, which will be a completely new issue. The company focuses on developing and operating student accommodation and campus infra and plans to list on both NSE and BSE.
- Jewelery retailer Shankaresh Jewelers has received approval for a small-sized IPO, comprising a fresh issue of up to Rs 3 crore and an offer for sale of up to Rs 1 crore. Its shares will be listed on NSE and BSE.
- Metal recycle and recovery company Ardi Industries has received approval for an IPO, which includes a fresh issue of up to Rs 320 crore and an offer for sale of up to 3.77 crore shares. Established in 1995, this company works in the field of lead recycling, smelting and refining.
- Auto and industrial electronics firm SEDEMAC Mechatronics has also received approval for a pure offer-for-sale IPO of up to 0.8 crore shares, which does not involve any fresh capital raising.