The SEBI has allowed five companies to move ahead with their initial public offering (IPO) plans. This includes Molbio Diagnostics, Leap India, Foodlink F&B Holdings (India), Technocraft Ventures and Eldorado Agritech. However, 2 other companies have chosen to pull back their IPO proposals: Inox Clean Energy and Sky Alloys and Power.
SEBI’s observation letter is an important milestone for any company planning to go public. Once this letter is issued, the company is officially allowed to launch its IPO within 12 months of receiving the approval.
For firms that have filed draft papers through the confidential route, the timeline extends to 18 months. However, these companies must submit an updated version of their draft prospectus before filing the final offer document and opening the public issue.
In this round of approvals, Molbio Diagnostics received its letter on 1 December, while Leap India and Eldorado Agritech were cleared on 5 December. Technocraft Ventures and Foodlink F&B Holdings received their observations in the last week of November.
These regulatory clearances indicate that SEBI has reviewed each company’s draft prospectus and found no major compliance gaps, allowing them to proceed with their IPO plans.
Goa-based Molbio Diagnostics, backed by Temasek and other investors, aims to raise funds through a mix of fresh shares worth ₹200 crore and a sale of up to 1.25 crore shares by existing investors. The company is known for its Truenat platform, a point-of-care molecular testing solution covering multiple diseases.
Leap India, supported by global investor KKR, plans to raise ₹2,400 crore. The issue includes a fresh portion of ₹400 crore and an offer-for-sale of ₹2,000 crore by its promoters. The company provides pallet pooling and supply chain solutions across key industries.
Mumbai-based Foodlink, which operates luxury catering and restaurant businesses, aims to use IPO proceeds for expansion and debt reduction. It plans to raise ₹160 crore through fresh equity, while existing promoters and investors will sell up to 1.19 crore shares.
Technocraft Ventures, which works in sewerage and wastewater treatment, plans to offer 1.19 crore shares, including a large fresh issue. Eldorado Agritech, a seeds and agri-inputs company from Telangana, seeks to raise ₹1,000 crore through a mix of new shares and promoter sales.
Inox Clean Energy, which had earlier considered a large ₹6,000 crore IPO, has withdrawn its draft documents. Sky Alloys and Power has also stepped back from its proposed public issue.
Read more: US Federal Reserve Meeting Tomorrow: Will the US Central Bank Announce a 3rd Rate Cut?
The latest approvals show continued interest in public fundraising across diverse sectors. While many companies are moving ahead with their plans, others remain cautious and have delayed their listings. Market conditions and company-specific strategies will continue shaping IPO activity in the coming months.
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: Dec 10, 2025, 11:43 AM IST
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