The Securities and Exchange Board of India (SEBI) has granted its approval to three companies — AceVector (Snapdeal), Silver Consumers Electricals, and Steel Infra Solutions. The approvals mark another strong week for India’s primary markets as these firms prepare to tap into public capital to support expansion, enhance operational efficiency, and strengthen their balance sheets.
Here is the detailed overview of each company, their IPO structure, SEBI approval status, and the use of funds:
AceVector (Snapdeal) IPO Approval
Overview: Acevector, a prominent name in India’s e-commerce and digital marketplace segment, operates platforms such as Snapdeal and has steadily expanded into value-focused online retailing. The company focuses on serving India’s price-conscious consumers by curating products across lifestyle, home, and electronics categories. With a deep understanding of tier-II and tier-III market demand, Acevector has built an agile supply chain and tech-driven marketplace model.
IPO Details:
- Type of Issue: Pre-Filing (Expected Fresh Issue + OFS)
- DRHP Filing Date: 18 July 2025
- SEBI Approval Date: 11 November 2025
- IPO Size: The proposed issue size is yet to be officially announced, but market estimates suggest a potential issue of INR 1,200–1,500 crore, depending on pre-filing feedback and investor demand.
Purpose of IPO: The proceeds are expected to be utilized for strengthening the company’s technology infrastructure, improving working capital, expanding its logistics network, and potential acquisitions in complementary segments. The IPO will also provide partial exits to existing shareholders while enhancing the company’s visibility and corporate governance standards as it transitions to a listed entity.
Silver Consumers Electricals IPO Approval
Overview: Silver Consumers Electricals, backed by Motilal Oswal Investment Advisors, is a fast-growing player in India’s consumer durables sector. The company manufactures and markets a wide range of home and kitchen appliances, fans, and small electronics under the “Silver” brand. With rising disposable incomes and increasing urbanization, the company is well-positioned to benefit from India’s growing demand for affordable, energy-efficient appliances.
IPO Details:
- Type of Issue: IPO (Fresh Issue + Offer for Sale)
- DRHP Filing Date: 08 August 2025
- SEBI Approval Date: 12 November 2025
- IPO Size: Estimated at around INR 1,400 crore, comprising a fresh issue of INR 1,000 crore and an OFS of INR 400 crore by existing shareholders.
Purpose of IPO: The funds raised through the fresh issue will be used for expanding the company’s manufacturing capacity, setting up a new R&D center focused on smart appliances, and enhancing its distribution footprint in North and South India. Additionally, the IPO will help reduce debt, strengthen the balance sheet, and provide liquidity to early investors.
Steel Infra Solutions IPO Approval
Overview: Steel Infra Solutions (SISCO), advised by DAM Capital Advisors, operates in the infrastructure and steel fabrication sector. The company provides structural steel and prefabricated solutions used in large infrastructure projects such as bridges, metros, and industrial plants. Leveraging its advanced production facilities, SISCO has positioned itself as a key partner for India’s growing construction and infrastructure ecosystem.
IPO Details:
- Type of Issue: IPO (Fresh Issue + Offer for Sale)
- DRHP Filing Date: 08 August 2025
- SEBI Approval Date: 11 November 2025
- IPO Size: fresh issue INR 96 crore and OFS 1,42,40,473 shares.
Purpose of IPO: The company aims to use the net proceeds from the IPO to fund the expansion of its fabrication plant, invest in automation technology, and meet working capital requirements. Part of the capital will also go toward repaying existing borrowings to strengthen its financial position.
Conclusion
The latest approvals by SEBI highlight the regulator’s consistent efforts to facilitate capital formation in India’s equity markets. With companies spanning sectors like e-commerce, consumer durables, and infrastructure, these IPOs underscore the diversity and dynamism of India’s economy. As they move closer to their respective listings, investors will be watching closely for pricing, valuation, and growth cues that could shape the next wave of opportunities in the primary market.
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