Purple Style Labs, BVG India, Sify Infinit, CMR Green Get SEBI Approval Alongside 9 Other IPOs

The Securities and Exchange Board of India (SEBI) has granted approval to 13 companies including Purple Style Labs, BVG India, Sify Infinit Spaces, and CMR Green Technologies to move forward with their Initial Public Offerings (IPOs).  

This approval follows detailed review of their Draft Red Herring Prospectuses (DRHPs), enabling them to proceed with their fundraising plans. 

SEBI Approves 13 IPO Proposals Including Major Names 

SEBI issued observation letters between January 16 and January 23, 2026. This formal approval means the companies have up to 12 months to launch their IPOs, while those that filed via confidential route have up to 18 months after submitting updated DRHPs.  

Companies in this group include Purple Style Labs, BVG India, Sify Infinit Spaces, and CMR Green Technologies. 

Additional approved IPOs are from Pride Hotels, Oswal Cables, Sai Parenterals, Transline Technologies, Commtel Networks, Jay Jagdamba, UKB Electronics, Medicap Healthcare, and Hella Infra Market. 

Details of the IPO Plans Submitted 

Purple Style Labs plans to raise ₹660 crore through a fresh issue of equity shares. BVG India is set to issue fresh shares worth ₹300 crore, coupled with an offer-for-sale (OFS) of 2.85 crore shares. CMR Green Technologies has refiled for an OFS of 4.28 crore equity shares. Sify Infinit’s detailed offering structure was also approved but the specifics were not disclosed in the same update. 

Other companies like Medicap Healthcare will raise ₹240 crore entirely through fresh issue. UKB Electronics aims to collect ₹800 crore via a mix of fresh issue and OFS. Transline Technologies is offering 1.6 crore shares via complet OFS. 

Read More: NSE’s Settlement Move Paves Way for Long‑Delayed IPO! 

Observation Dates for DRHPs 

SEBI released observations for Pride Hotels on January 16, Oswal Cables on January 19 and Sai Parenterals on January 21. Observations for Transline Technologies, CMR Green Technologies, and Commtel Networks were issued on January 22.  

On January 23, approvals were extended to Jay Jagdamba, UKB Electronics, Medicap Healthcare, Purple Style Labs, BVG India, Sify Infinit Spaces, and Hella Infra Market. 

Conclusion 

SEBI’s issuance of observations allows 13 companies, including Purple Style Labs and BVG India, to begin preparations for their public offerings. These companies now have a regulatory go-ahead to mobilise capital via IPOs within the specified timeframes. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.