Share Market News: There is a big news for the Indian capital market. The Securities and Exchange Board of India (SEBI) has approved seven companies to launch initial public offerings (IPOs). These include major companies like edtech unicorn Physicswala and solar panel maker Satvik Green Energy. According to a PTI report, this information has come to light in the latest update of SEBI. All these companies had filed their IPO initial documents (Draft Red Herring Prospectus - DRHP) between January and April 2025 and have received 'observation' from SEBI between July 14 and 18. Getting SEBI's 'observation' is an indication that these companies can now proceed with their IPO process.
Companies getting approvalApart from Physicswala and Satvik Green Energy, the following companies have also got approval to launch IPO:
- Vinir Engineering: Operating in the engineering sector.
- Pranav Constructions: Real estate development.
- Fujiyama Power Systems: A provider of rooftop solar solutions.
- SIS Cash Services: Cash logistics and related services.
- Anlon Healthcare: Chemical and healthcare manufacturing.
One company withdrew IPO planGaudium IVF & Women's Health, which had filed its DRHP in January 2025, has later withdrawn its IPO plan.
IPO Market: January-June 2025 PerformanceBetween January and June 2025 this year, 24 companies have raised a total of ₹45,351 crore through IPOs. This amount is significantly higher than the same period last year (2024), when 36 companies raised ₹31,281 crore. As of July 2025, eight companies have launched their IPOs, and five more are set to launch their IPOs in the near future.Market experts believe that the second half of 2025 will be "cautiously optimistic" for the IPO market. This optimism will be supported by strong participation from domestic investors, positive investor sentiment and clarity on economic growth.
Details and changes in key IPO plansPhysicswalaEdtech giant Physicswala filed its DRHP under the confidential route in March 2025. The company aims to expand its business by raising capital through this IPO.
Satvik Green EnergySattvik Green Energy plans to raise ₹1,150 crore through its IPO. Of this, ₹850 crore will be raised through new shares and ₹300 crore through an offer for sale (OFS). The proceeds will be used for the following purposes:
- To repay debt.
- To set up a 4 GW solar PV generation facility in Odisha.
- For investment in Satvik Solar Industries.
Pranav ConstructionsMumbai-based real estate company Pranav Constructions will raise capital through its IPO of fresh equity shares worth ₹392 crore and OFS of around 28.57 lakh shares. The proceeds will be used for the following:
- To obtain government approvals.
- To purchase additional floor space index (FSI).
- For redevelopment projects.
Vinar EngineeringIts IPO will be entirely an Offer for Sale (OFS), with 5.33 crore shares being sold. The proceeds from this IPO will go to the promoters and existing shareholders of the company.
Fujiyama Power SystemsThe company will raise capital through fresh equity of ₹600 crore and OFS of 2 crore shares. The amount will be used for the following:
- Investment in production facility at Ratlam.
- To repay debt.
- For general corporate purposes.
SIS Cash ServicesSIS Cash Services will raise capital through its IPO consisting of a fresh issue of ₹100 crore and OFS of 37.15 lakh shares. The amount will be used for the following:
- Purchase of cash carrying vehicles.
- To repay debt.
- For general corporate purposes.
Enlon HealthcareEnlon Healthcare will issue 1.4 crore fresh shares through its IPO. The amount will be used for the following:
- Expansion of production facilities.
- To repay debt.
- For working capital requirements.
- For general corporate purposes.
Listing PlanAll the above companies will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) through their initial public offering (IPO). This is a significant step for the Indian capital market, which will provide investors new investment opportunities in diverse sectors.
