SEBI Clears IPOs of 7 Companies, Including Yashoda Healthcare and Orient Cables

The Securities and Exchange Board of India (SEBI) has approved initial public offerings (IPOs) of 7 companies, including Yashoda Healthcare Services, Fusion CX and Orient Cables, according to data released on Tuesday.

Other firms that received SEBI’s approval are Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies and Lohia Corp.

Expected Fundraising and Timeline

Market sources said these 7 companies together are expected to raise more than ₹6,000 crore through their public issues. The companies had filed their draft IPO papers with SEBI between May and September 2025 and received regulatory observations during December 8–12.

In SEBI’s terms, receiving “observations” means the regulator has given its go-ahead for launching an IPO.

Yashoda Healthcare and Turtlemint Details

Yashoda Healthcare Services filed its draft papers in September through the confidential pre-filing route. The IPO size is expected to be in the range of ₹3,000–4,000 crore, according to market sources.

Turtlemint Fintech Solutions, an insurtech firm founded in 2015, also chose the confidential route. Backed by Amansa Capital, Jungle Ventures and Nexus Venture Partners, the company has sold 1.6 crore insurance policies through a network of over five lakh advisers.

Fusion CX and Orient Cables IPO Plans

Fusion CX, a customer experience services company, plans to raise ₹1,000 crore, including a ₹600 crore fresh issue and a ₹400 crore offer for sale (OFS). The funds will be used to repay debt, invest in subsidiaries, upgrade technology, pursue acquisitions and meet corporate needs.

Orient Cables (India) Ltd aims to raise ₹700 crore, with a ₹320 crore fresh issue and a ₹380 crore OFS. The company will use the funds to expand manufacturing capacity, buy equipment, repay loans and for general purposes.

Other IPOs in the Pipeline

• RSB Retail India plans an IPO of up to ₹500 crore through a mix of fresh issue and OFS. Funds will be used for debt repayment and opening new retail stores.
• SFC Environmental Technologies, a wastewater treatment solutions provider, will raise ₹150 crore through a fresh issue along with an OFS of 1.23 crore shares.
• Lohia Corp, a textile machinery maker, will launch an IPO entirely through an offer for sale of 4.22 crore shares, with no fresh issue.

Also Read: Upcoming IPO: Eastman Auto and Power Files Confidential IPO Papers with SEBI

Listing Details

All 7 companies plan to list their shares on both the BSE and NSE.

Conclusion

Sebi’s approval for these 7 IPOs signals strong momentum in India’s primary market. With companies from healthcare, fintech, retail, manufacturing and services, the upcoming IPOs offer investors a wide range of choices in the months ahead.

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.