The capital market regulator, the Securities and Exchange Board of India (SEBI), has granted IPO approval to 5 companies, allowing them to proceed with their initial public offering plans. The companies are SSF Plastics India, Anand Rathi Share and Stock Brokers, Prestige Hospitality Ventures, Epack Prefab Technologies, and Gujarat Kidney and Super Speciality.
SEBI issued observation letters to all five firms during the same week. These letters signify regulatory clearance and enable the companies to launch their IPOs within one year from the date of issuance.
Epack Prefab Technologies received SEBI’s observation letter on 1 August 2025, following the submission of its Draft Red Herring Prospectus (DRHP) on 28 January 2025. Monarch Networth Capital is the lead manager of the issue. The proposed IPO is a book-built issue comprising a fresh issue of ₹300 crore and an offer-for-sale (OFS) of up to 1 crore shares by promoters. A pre-IPO placement of up to ₹60 crore is also planned, which may reduce the fresh issue size.
The company plans to utilise the proceeds primarily for expansion. Around ₹101.62 crore will go towards establishing a new manufacturing facility in Ghiloth, Rajasthan, and ₹58.10 crore will be used to increase production capacity at its Mambattu plant in Andhra Pradesh. Additionally, ₹70 crore is earmarked for debt repayment, with the remaining funds allocated for general corporate purposes. Epack specialises in pre-engineered steel buildings and EPS-based packaging solutions.
SSF Plastics India received regulatory clearance on 1 August 2025 after filing its DRHP on 21 March 2025 through IIFL Capital Services. The company plans to raise ₹550 crore through a fresh issue of ₹300 crore and an OFS of ₹250 crore by promoters and promoter-group entities. The IPO will be conducted via the book-building process.
The funds raised will support capital expenditure for new plant and machinery, working capital requirements, and repayment of existing borrowings. SSF Plastics offers a wide range of plastic packaging products, including bottles, closures, tubs, and customised components. Its client base spans across personal care, food & beverage, pharmaceutical, and industrial sectors.
Gujarat Kidney and Super Speciality filed its DRHP on 1 April 2025 and received SEBI approval during the same week as the other IPOs. The healthcare provider plans to issue 2.20 crore fresh equity shares, with no offer-for-sale component.
Proceeds from the IPO will be used to expand hospital facilities, invest in advanced medical technology, and improve operating margins. The company operates a chain of multi-specialty hospitals with a particular focus on nephrology and renal care services across Gujarat.
Anand Rathi Share and Stock Brokers aims to raise up to ₹745 crore through a fresh equity issue, according to its DRHP filed on 16 December 2024. The offering may be adjusted through a pre-IPO placement of ₹149 crore, potentially reducing the public issue size. The lead managers for the issue are Nuvama Wealth, DAM Capital, and Anand Rathi Advisors.
The raised capital will be utilised to bolster long-term working capital, enhance technology platforms, and meet regulatory capital requirements. Financially, the company posted strong performance in FY24, with revenue increasing to ₹682 crore from ₹468 crore in FY23, and net profit rising to ₹77.3 crore from ₹37.7 crore. Although SEBI initially returned the DRHP in January 2025, citing deficiencies, the revised submission has now received full clearance.
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Prestige Hospitality Ventures filed its DRHP on 28 April 2025 and received SEBI’s go-ahead during the same approval week. The proposed IPO is valued at ₹2,700 crore, comprising a fresh issue of ₹1,700 crore and an OFS of ₹1,000 crore by promoters. A pre-IPO placement of ₹340 crore may reduce the fresh issue component.
The company, part of Prestige Estates Holdings, owns and operates luxury hotel assets including The Leela, Oberoi, and Radisson Blu across Bangalore and other cities. The IPO proceeds will be primarily directed towards debt repayment, amounting to over ₹1,120 crore, with the balance allocated to growth initiatives within its hospitality portfolio.
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 securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 7, 2025, 8:05 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.
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