As many as 7 firms, including SoftBank-backed e-commerce major Meesho and Temasek-backed logistics and e-commerce enablement platform Shiprocket, have received the green light from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPOs), according to a regulatory update released on Monday.
Along with Meesho and Shiprocket, SEBI has approved IPO plans for Rajputana Stainless, Skyways Air Services, German Green Steel and Power, Allied Engineering Works, and Manika Plastech.
These 7 companies filed their preliminary IPO papers between May and July 2025 and obtained SEBI’s observations, effectively the regulator’s nod to launch a public issue between October 14 and 31.
The approvals come amid a resurgent primary market in India, as companies look to tap buoyant investor demand and favorable market conditions. The recent wave of IPO filings reflects renewed confidence among both startups and traditional businesses in the country’s capital markets.
Meesho’s proposed IPO comprises a fresh issue of equity shares worth up to ₹4,250 crore, along with an offer for sale (OFS) of 17.57 crore shares by existing investors. The OFS will include partial exits by early backers such as Elevation Capital, Peak XV Partners, Venture Highway, and Y Combinator, among others.
According to the draft papers, Meesho plans to deploy the net proceeds toward:
Temasek-backed Shiprocket is reportedly targeting a fundraise of ₹2,000–₹2,500 crore through its maiden public issue. Both Meesho and Shiprocket filed their IPO documents via SEBI’s confidential pre-filing route, which allows companies to maintain confidentiality until later stages of the approval process.
Gujarat-based German Green Steel and Power plans to raise about ₹450 crore through a fresh issue of equity shares, along with an OFS of 20 lakh shares by its promoters. Proceeds will be used for the expansion of its manufacturing facility in Gujarat, setting up a hybrid wind-solar power plant, and debt repayment.
Also Read: Shiprocket Gets SEBI Approval for ₹2,500 Crore IPO
Smart energy meter manufacturer Allied Engineering Works aims to mobilise ₹400 crore through a fresh issue of shares, accompanied by an OFS of 75 lakh shares by the promoter. Funds raised will go toward establishing new manufacturing facilities and supporting future working capital requirements.
Air freight forwarding and logistics company Skyways Air Services plans an IPO comprising a fresh issue of 32.92 million equity shares and an OFS of 13.33 million shares by promoters and existing shareholders. Proceeds from the fresh issue will be used for debt repayment, funding incremental working capital, and general corporate purposes.
Rajputana Stainless is proposing a fresh issue of up to 1.46 crore equity shares and an OFS of 62.5 lakh shares by the promoter. The funds will be utilised for capital expenditure, debt reduction, and general corporate purposes.
Mumbai-based Manika Plastech IPO consists of a fresh issue of shares worth ₹115 crore and an OFS of 1.50 crore shares. Proceeds will be allocated toward plant and machinery purchases, capital expenditure, and debt repayment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 4, 2025, 8:21 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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