India’s IPO pipeline gathered fresh momentum this week as the Securities and Exchange Board of India (SEBI) granted approval to eight companies planning to tap the capital markets. With regulatory observations now issued, these firms are officially cleared to move ahead with their public listing plans over the coming months.
Among the notable names receiving SEBI’s nod are Indira IVF, Rays Of Belief, Tempsens Instruments, and Jerai Fitness. The regulator also approved IPO papers from Chartered Speed, Glass Wall Systems (India), Shriram Food Industry, and RKCPL.
📌 What SEBI’s Approval Means
Once SEBI issues its observations on draft IPO documents, companies are allowed to launch their public issues within one year. Firms that file through the confidential route get up to 18 months to go public after submitting updated documents.
SEBI issued observations on:
- Indira IVF and Rays Of Belief on December 30 and 31
- Tempsens Instruments on December 26
- Glass Wall Systems on December 29
- Shriram Food Industry, RKCPL, and Jerai Fitness on December 31
- Chartered Speed on January 2
🧬 Indira IVF’s Revival Push
Backed by Swedish investment giant EQT, Indira IVF had earlier paused its IPO plans but revived them mid-2025. The fertility clinic chain filed its draft papers through the confidential route and is reportedly eyeing a listing that could raise around ₹3,500 crore, largely through an offer-for-sale (OFS).
🏭 Other IPO Highlights
- Tempsens Instruments plans to raise ₹118 crore, combining fresh shares and promoter OFS. Funds will support expansion, debt repayment, and operational needs.
- Jerai Fitness is heading for a pure OFS, allowing existing shareholders to partially exit while benefiting from public market visibility.
- Chartered Speed aims to raise up to ₹855 crore to expand its passenger transport fleet and reduce debt.
- Glass Wall Systems (India) plans a mix of fresh issue and OFS to provide exits to its public shareholders.
Shriram Food Industry and RKCPL are targeting capital for growth, with IPO structures combining new shares and promoter stake sales.
