Four Indian companies have just received SEBI’s green light to raise more than ₹1,400 crore through a mix of fresh share issues and offer‑for‑sale (OFS) blocks.
Companies cleared for IPOs
- Knack Packaging – packaging solutions provider.
- Shivalaya Construction – construction firm.
- Varmora Granito – tiles and bathware maker.
- Behari Lal Engineering – engineering and manufacturing company.
Amount each company plans to raise
- Knack Packaging: ₹475 crore (fresh issue) + OFS of 70 lakh shares.
- Shivalaya Construction: ₹450 crore (fresh issue) + OFS of 2.48 crore shares.
- Varmora Granito: ₹400 crore (fresh issue) + OFS of 5.24 crore shares.
- Behari Lal Engineering: ₹110 crore (fresh issue) + OFS of 78.54 lakh shares.
Planned use of the fresh‑issue proceeds
- Knack Packaging – about ₹435 crore to build a new plant in Gujarat; remaining funds for general corporate purposes.
- Shivalaya Construction – roughly ₹340 crore to repay borrowings; the rest for working capital.
- Varmora Granito – ₹320 crore to reduce debt; balance for corporate needs.
- Behari Lal Engineering – capital expenditure, repayment or pre‑payment of loans, and other corporate activities.
Why it matters now
The approvals arrive as India’s primary market is seeing record‑high fundraising. In 2025, companies have already raised about ₹1.76 lakh crore, well above the ₹1.6 lakh crore in 2024 and the ₹49,436 crore in 2023. Strong domestic liquidity and steady investor demand are driving this surge.
What investors should note
All four issuers will list on both the BSE and NSE, offering retail and institutional investors a chance to participate. Keep an eye on the allocation details and the pricing timeline once the final prospectuses are published.
Disclaimer
Remember, this is just an overview and not a recommendation. Do your own research and consider your risk tolerance before investing.