NEW DELHI: Seven companies, including Runwal Developers in real estate, Lalbaba Engineering for engineering solutions, and Augmont Enterprises, which focuses on gold and silver, have received approval from Sebi to raise funds through initial public offerings (IPOs), as announced by the regulator on Friday.
Other approved companies include Supreet Chemicals, Sillverton Industries (a manufacturer of eco-friendly paper), CJ Darcl Logistics, and fertility services provider Gaudium IVF, along with Women Health Ltd.
These seven firms submitted their draft IPO documents between June and October and received observations from Sebi from January 12 to 15. In regulatory terms, this allows them to move forward with their public offerings.
On another note, Deon Energy has opted to withdraw its draft IPO documents.
Runwal Developers aims to raise ₹2,000 crore via its IPO, which includes a fresh issue of shares valued at ₹1,700 crore and an offer for sale (OFS) worth ₹300 crore by promoter Sandeep Subhash Runwal, as outlined in the draft red herring prospectus (DRHP).
The fresh issue proceeds are intended for debt repayment and general corporate purposes.
Kolkata’s Lalbaba Engineering seeks to raise ₹1,000 crore, with ₹630 crore from a fresh issue and ₹370 crore from an OFS by its promoters. The funds will be directed towards capital expenditures for expanding its Haldia facility, as well as repaying borrowings and covering general corporate expenses.
Augmont Enterprises aims to collect ₹800 crore through its IPO, entailing a fresh issue of ₹620 crore and an OFS of ₹180 crore. Proceeds will cater to working capital needs, including procurement, inventory maintenance, and corporate expenses.
Supreet Chemicals plans to raise ₹499 crore through a fresh equity issue without an OFS, with the proceeds allocated for funding a greenfield project, reducing debt, and supporting general corporate activities.
Sillverton Industries intends to issue a fresh ₹300 crore in shares along with an OFS of 3.22 crore shares. The funds will address capital expenditures focused on sustainability initiatives, including a 14 MW waste-to-energy power plant and a compressed biogas plant.
CJ Darcl Logistics’ IPO includes a fresh issue of about 2.64 crore equity shares and an OFS of 99.05 lakh shares. Fresh issue proceeds will facilitate equipment purchases and debt repayments.
Gaudium IVF and Women Health’s IPO features a fresh issue of 1.14 crore equity shares and an OFS of roughly 95 lakh shares by promoter Manika Khanna. They plan to allocate fresh issue funds for capital expenditures totaling ₹50 crore to establish 19 new IVF centers across India, and for debt repayment and corporate purposes totaling ₹20 crore.
These approvals come amidst a booming year for the primary market. Companies raised a record nearly ₹1.76 lakh crore through IPOs in 2025, fueled by solid domestic liquidity, strong investor sentiment, and favorable macroeconomic conditions. This marks an increase from the ₹1.6 lakh crore raised by 90 companies in 2024, compared to ₹49,436 crore by 57 firms in 2023.
