Sebi approves eight IPOs, including confidential filings by Indira IVF

Market regulator Sebi has given its observations for eight initial public offerings, including confidential filings by Indira IVF and Rays of Belief, paving the way for their proposed listings

The Securities and Exchange Board of India (Sebi) has given its observations for eight initial public offerings (IPOs), including the confidential filings of Indira IVF and Rays of Belief.

 

The other issues that received Sebi’s observations include Chartered Speed, Glass Wall Systems India, Shriram Food Industry, RKCPL, Tempsens Instruments, and Jerai Fitness.

 

Fertility chain Indira IVF had refiled its draft red herring prospectus (DRHP) in July 2025, after withdrawing its draft offer document in March last year.

 

Confidential filing is a mechanism by which a company’s initial offer document is not available to the public. Sebi observations usually indicate that the regulator has given its nod to the IPO, but in a confidential filing, the company will have to make the document public for public feedback post-Sebi observations before it is cleared.

 

 

In 2025, 103 firms raised Rs 1.75 billion through initial public offerings. 

Aequitas MD Siddhartha Bhaiya dies of cardiac arrest

 

Portfolio management services company Aequitas on Friday said its managing director (MD), Siddhartha Bhaiya, has died of cardiac arrest during a family vacation.

 

Bhaiya, who built the company since its founding in 2012, was 47. He passed away in New Zealand because of a "sudden cardiac arrest" while on a family vacation, Aequitas said in a statement addressed to its investors. "His ability to combine rigorous analysis with clarity of pur-pose shaped Aequitas into a distinc-tive organisation grounded in strong values, robust processes, and a cul-ture of accountability," it said.