The capital markets regulator, the Securities and Exchange Board of India (SEBI), has given approval to 8 companies, including Indira IVF, Rays of Belief, Tempsens Instruments, and Jerai Fitness, to float initial public offerings (IPOs). The regulator also issued observations on draft IPO papers filed by Chartered Speed, Glass Wall Systems (India), Shriram Food Industry, and RKCPL.
SEBI issued observations on the pre-filed Draft Red Herring Prospectus (DRHP) submitted through the confidential route by Indira IVF and Rays Ofa Belief on December 30 and 31, respectively. Tempsens Instruments received approval on December 26, followed by Glass Wall Systems on December 29, Shriram Food Industry on December 30, and RKCPL and Jerai Fitness on December 31. Chartered Speed obtained SEBI’s observations on January 2.
Once observations are issued, companies can launch their IPOs within one year. Firms that choose the confidential filing route, however, have up to 18 months to go public, as they must subsequently file an updated DRHP and then the Red Herring Prospectus (RHP).
EQT-backed fertility clinic chain Indira IVF filed its draft papers via the confidential route in July. The company is targeting a listing that could raise around ₹3,500 crore ($408 million). The proposed issue is expected to be entirely an offer-for-sale (OFS), with no fresh equity component. The company had earlier filed IPO papers in February, which were withdrawn in March.
Incorporated in 2017, Rays Of Belief, the parent company of child development and therapy platform Mom’s Belief founded by Nitin Bindlish, submitted its confidential DRHP to SEBI in August this year.
Rajasthan-based thermal engineering and specialised cable manufacturer Tempsens Instruments plans to raise ₹118 crore through a fresh issue, along with an offer-for-sale of 1.79 crore shares by promoters and existing shareholders.
The fresh issue proceeds will be used for capital expenditure related to electrical heating and specialised cable solutions, repayment of borrowings, and general corporate purposes.
Mumbai-based Jerai Fitness, a maker of cardiovascular and strength-training fitness equipment, has approached the capital markets with a pure offer-for-sale of up to 43.92 lakh shares, with no fresh issue component. The IPO is aimed primarily at achieving the benefits of listing on stock exchanges.
Gujarat-based passenger mobility company Chartered Speed plans to raise up to ₹855 crore through its IPO. The issue includes a fresh share issuance worth ₹655 crore and an OFS of ₹200 crore by promoters. The proceeds will be used to expand the company’s fleet and reduce debt.
Facade solutions provider Glass Wall Systems (India) has proposed a fresh issue of ₹60 crore, while promoters and investors will sell up to 4.02 crore equity shares via OFS. The IPO will primarily provide an exit to public shareholders India Business Excellence Fund (IBEF) and Vistra ITCL.
Maharashtra-based rice exporter Shriram Food Industry’s IPO will consist of a fresh issue of up to 2.12 crore shares, along with an OFS of 52 lakh shares by promoters Orient Dealtrade and Greta Industries.
Also Read: Upcoming IPO: Sampark India Logistics Receives Exchange Approval For IPO
Gurgaon-based civil construction and infrastructure development company RKCPL plans to raise up to ₹1,250 crore via its IPO. The issue will comprise a fresh equity issuance of ₹700 crore and an OFS worth ₹550 crore by promoters Naresh Kumar and Krishan Kumar Goyal.
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: Jan 5, 2026, 8:36 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.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN