Upcoming IPO: SEBI Approves Cotec Healthcare and Deepa Jewellers IPOs

India’s primary market pipeline continues to expand with two more companies receiving regulatory approval to launch their initial public offerings (IPOs).  

The Securities and Exchange Board of India (SEBI) has granted its observations to healthcare manufacturer Cotec Healthcare and jewellery wholesaler Deepa Jewellers, enabling both companies to proceed with their proposed public issues. 

The approvals, granted on May 18, 2026, add to the growing list of companies preparing to tap public markets amid sustained investor interest in new listings. 

Cotec Healthcare Receives Regulatory Go-Ahead 

Cotec Healthcare, one of India's leading contract development and manufacturing organisations (CDMOs), has secured approval for its proposed IPO.  

According to the company, it is the second-largest CDMO in India by number of dosage forms, with capabilities spanning 24 distinct formulation types. 

Operating from its manufacturing facility in Roorkee, Uttarakhand, the company supplies off-patent pharmaceutical products and complex generic formulations to both institutional and private customers. 

The proposed offering comprises a fresh issue of shares worth ₹295 crore along with an Offer for Sale (OFS) of 60 lakh shares by existing promoters. Pantomath Capital Advisors has been appointed as the Book Running Lead Manager for the issue. 

Cotec Healthcare had filed its Draft Red Herring Prospectus (DRHP) with SEBI on September 19, 2025, before receiving the regulator’s approval on May 18, 2026. 

Deepa Jewellers Moves Closer to Listing 

Hyderabad-based Deepa Jewellers has also received SEBI’s approval to launch its IPO. The company operates as a business-to-business designer, processor and wholesaler of hallmarked gold jewellery, catering primarily to retailers across southern India. 

Its product portfolio includes 22-carat traditional and contemporary jewellery designs, such as vaddanams and CNC machine-cut bangles, supplied to organised jewellery chains as well as independent retail outlets. 

The proposed IPO consists of a fresh issue aggregating ₹250 crore and an Offer for Sale of up to 1.18 crore shares by existing shareholders. Emkay Global Financial Services is serving as the lead manager for the public issue. 

Deepa Jewellers submitted its draft prospectus on January 2, 2026, and subsequently obtained SEBI’s final observations on May 18, 2026. 

Read More: Zepto IPO: Quick Commerce Firm Eyes Stock Market Debut in July 2026: Reports! 

Conclusion 

SEBI’s approval of the IPOs of Cotec Healthcare and Deepa Jewellers adds two more names to India’s upcoming listing calendar. The proposed issues combine fresh capital raising with promoter share sales and span sectors ranging from pharmaceuticals manufacturing to organised jewellery wholesale. 

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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. 

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