The Securities and Exchange Board of India has granted final observation for the IPOs of six companies, highlighting renewed activity in the capital markets.
The Securities and Exchange Board of India (SEBI) has granted final observation for initial public offerings (IPOs) to six companies, marking a significant uptick in the country’s capital market activity.
The approved companies include Jaro Institute of Technology Management and Research, Sri Lotus Developers and Realty, Caliber Mining and Logistics, Euro Pratik Sales, Gem Aromatics, and Jensons Industries.
Jaro Institute aims to raise ₹570 crore through a mix of fresh issuance worth ₹170 crore and an offer-for-sale of ₹400 crore. Sri Lotus Developers, backed by Bollywood personalities and investor Ashish Kacholia, plans to raise ₹792 crore entirely through fresh issuance.
Caliber Mining is seeking ₹600 crore through a combination of ₹500 crore fresh issue and ₹100 crore offer-for-sale. Meanwhile, Euro Pratik Sales, a decorative wall panel brand with a 15.87% market share in the organized sector, targets ₹730 crore solely through an offer-for-sale.
Gem Aromatics, a specialty ingredients manufacturer, plans a mixed offering of ₹175 crore fresh issue alongside an offer-for-sale of 89.24 lakh equity shares. Jensons Industries, which commands 27% of the non-captive domestic coating emulsions market, intends to raise ₹300 crore in fresh capital alongside an offer-for-sale of 9.46 million shares.
These approvals signal continued investor confidence in India’s primary market despite recent global economic uncertainties.
Published on May 20, 2025
