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As many as six companies, including quick commerce unicorn Zepto and auto components manufacturer Dhoot Transmission, have secured Sebi's approval to raise funds through initial public offerings (IPOs). Other companies that obtained approval are Horizon Industrial Parks, Surgiwear, Crystal Crop Protection and Hotel Polo Towers, an update with the markets regulator showed on Friday. These companies, which filed their preliminary IPO papers between October and February, obtained Sebi's observations during May 4-8. InSebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Zepto and Dhoot Transmission filed preliminary papers with Sebi in December and February, respectively, using a confidential route. According to people familiar with the development, Zepto is aiming to raise Rs 11,000 crore through its maiden public offering. If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on
Intellius Recode Ltd has filed preliminary papers with the markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating Rs 117 crore and an offer for sale (OFS) of up to 12.9 lakh equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The company intends to utilise the net proceeds from the fresh issue towards funding the development of its digital workers, payment of sub-contracting fees related to their development, and for general corporate purposes. Intellius Recode is a technology solutions provider focused on enabling digital transformation for enterprise clients. It offers services across technology consulting and artificial intelligence-led solutions, including its proprietary "Agentic AI"-based digital workers. Its technology consulting vertical includes services like data and analytics, enterprise robotic process automation, integration, developm
Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. The company proposes to utilise the proceeds from the fresh issue towards payment of debt, lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes. Founded by Geetansh Bamania, the company operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India. Rentomojo is the largest player in the organised online rental segment for furniture and appliances, with an estimated market sh
The government should consider launching public offerings of highly profitable Regional Rural Banks (RRBs) to attract market capital and promote stronger corporate governance standards, a Parliamentary panel has said in its report. Standing Committee on Finance, headed by senior BJP leader Bhartruhari Mahtab noted the successful completion of the structural consolidation of RRBs, reducing their number from 43 to 28 highly viable entities across 11 states, eliminating the need for further capital infusion in 2026-27. RRBs have achieved a historic consolidated net profit of Rs 7,720 crore in just the first nine months of FY 2025-26, driving gross NPAs down to a 13-year low of 5.4 per cent, though vulnerabilities remain, particularly the 13.8 per cent GNPA in priority sector education loans. The panel recommend that RRBs actively mitigate these specific sectoral risks by fully leveraging their inclusion in the Credit Guarantee Fund Scheme for Education Loans (CGFSEL) and aggressively .
Basmati rice exporter Amir Chand Jagdish Kumar(Exports) Ltd is set to launch its Rs 440 crore initial public offering (IPO) on March 24. The public issue will close on March 27, while the anchor investor bidding is scheduled to take place on March 23, according to the red herring prospectus (RHP). The Haryana-based company's proposed IPO will comprise a fresh issue of equity shares entirely, with no offer-for-sale (OFS) component. The company plans to utilise the net proceeds from the issue to fund its working capital requirements and for general corporate purposes. The Securities and Exchange Board of India (Sebi) granted its approval to the IPO in October 2025. The offer size has been reduced to Rs 440 crore compared to the Rs 550 crore issue size proposed in the Draft Red Herring Prospectus (DRHP) filed in June 2025. Ahead of the public issue, the company raised Rs 13 crore in a pre-IPO round by allotting 7.55 lakh shares at Rs 172 per share. Amir Chand Jagdish Kumar (Exports