Seven companies have just received the green light from India’s securities regulator to launch their initial public offerings (IPOs).
Who Got the Approval?
The following firms are now cleared to move forward with their IPO plans:
- Indira IVF
- Rays Of Belief
- Chartered Speed
- RKCPL
- Tempsens Instruments India
- Glass Wall Systems India
- Shriram Food
- Jerai Fitness
Key Details of Each Offer
- Chartered Speed – fresh issue of ₹655 crore and an offer‑for‑sale (OFS) of ₹200 crore.
- RKCPL – fresh issue of ₹700 crore and an OFS of ₹550 crore.
- Tempsens Instruments India – fresh issue of ₹118 crore plus an OFS of 17.9 million shares.
- Glass Wall Systems India – fresh issue of ₹60 crore and an OFS of 40.2 million shares.
- Shriram Food – fresh issue of 21.2 million shares and an OFS of 5.2 million shares.
- Jerai Fitness – OFS of 4,392,000 shares.
Confidential Filings
Indira IVF and Rays Of Belief chose a confidential filing route, meaning they can keep most IPO details private until later in the process.
What This Means for Retail Investors
With the regulator’s final observations already issued, these companies are likely to start marketing their shares soon. Investors should keep an eye on the pricing, subscription windows, and any updates on the confidential filings.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.