India's market regulator has given the green light to three fresh public offerings, covering cloud services, polymer manufacturing and infrastructure construction.
ESDS Software Solution – Cloud Infrastructure
ESDS plans to raise up to ₹600 crore by issuing new shares. All money will stay with the company; there is no sell‑off by existing owners.
- Potential pre‑IPO placement of up to ₹120 crore could lower the fresh issue size.
- About ₹480.7 crore will fund new cloud‑computing equipment and data‑centre upgrades.
- The remaining amount will support general corporate needs.
BLS Polymers – Custom Polymer Compounds
BLS Polymers seeks to raise ₹69.84 crore from a fresh issue of 1.7 crore equity shares.
- Funds will expand existing manufacturing capacity.
- ₹75 crore allocated for working‑capital requirements.
- Any surplus will go to general corporate purposes.
The company's products are used in cables, power lines, telecom networks and pipeline coatings, tying its growth to infrastructure spending.
Dhariwal Buildtech – Roads, Bridges & Tunnels
Dhariwal Buildtech aims to raise ₹950 crore through a fresh share issue.
- ₹174.2 crore will repay its own borrowings.
- ₹300 crore will clear debt of its subsidiaries.
- Remaining funds will support ongoing construction projects.
The firm focuses on highways, bridges, tunnels and rural infrastructure across Haryana and beyond.
With these approvals, the companies are moving closer to launching their IPOs, adding fresh opportunities for investors and testing market demand in the months ahead.
Remember, this is just an overview, not investment advice. Do your own research before making any decisions.