Upcoming IPO: Wakefit Innovations, Waterways Leisure Tourism, and Tenneco Clean Air India Received SEBI Approval

The Securities and Exchange Board of India (SEBI) has granted approval to 5 companies to proceed with their initial public offerings (IPOs). Among the approved entities are Wakefit Innovations, Waterways Leisure Tourism, Tenneco Clean Air India, Shree Ram Twistex, and Lamtuf.

Wakefit Innovations

Backed by Peak XV Partners, Wakefit Innovations is a Bengaluru-based direct-to-consumer (D2C) startup specialising in sleep and home solutions. The company filed its draft red herring prospectus (DRHP) in June 2025 and aims to raise ₹468.2 crore through a fresh issue of shares.

Additionally, promoters Ankit Garg and Chaitanya Ramalingegowda, along with investors including Peak XV Partners, Redwood Trust, Verlinvest SA, Investcorp, SAI Global Fund, and Paramark, plan to offload up to 5.8 crore equity shares via an offer-for-sale (OFS). Wakefit may also consider raising up to ₹93.64 crore in a pre-IPO round.

Waterways Leisure Tourism

Mumbai-based Waterways Leisure Tourism, operator of Cordelia Cruises, is looking to raise ₹727 crore through a purely fresh issue of shares, with no OFS component. The company had filed its IPO papers in June.

Tenneco Clean Air India

Automotive component manufacturer Tenneco Clean Air India, a subsidiary of US-based Tenneco Group, plans to raise up to ₹3,000 crore through an IPO comprising entirely of an offer-for-sale by promoter Tenneco Mauritius Holdings. No fresh issue of shares is planned.

Shree Ram Twistex

Gujarat-based Shree Ram Twistex, a manufacturer of cotton yarn, has proposed an IPO involving the issuance of up to 1.06 crore new shares. The company submitted its draft papers in June.

Also Read: Upcoming IPOs This Week (Oct 6–10): Tata Capital & More Open for Bidding

Lamtuf

Lamtuf, a Hyderabad-based manufacturer of phenolic, epoxy, and densified wood laminates, filed its DRHP in July. The IPO will consist of both fresh and OFS components, with the company planning to issue 1 crore fresh shares and promoters offering up to 20 lakh shares through OFS.

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