The Securities and Exchange Board of India (SEBI) has cleared the decks for 13 companies to launch their Initial Public Offerings (IPOs). This flurry of “Observation Letters”—the regulatory equivalent of a green light—highlights the sustained confidence in the Indian capital markets.
From tech unicorns to legacy manufacturing firms and hospitality giants, the latest SEBI IPO approvals list includes a diverse spectrum of the economy.
Sify Infinit IPO Approval: Most Awaited in Latest SEBI IPO Approvals
Sify Infinit Spaces, a subsidiary of the ICT giant Sify Technologies, has cleared the regulatory hurdle for its “Fresh (INR 2,500 crore) + OFS (INR 1,200 crore)” IPO. The company is a pure-play data center operator, managing a network of hyper-scale and edge data centers across India. With the explosion of data consumption, AI, and cloud migration, Sify Infinit Spaces is at the forefront of India’s digital backbone expansion.
The DRHP Filing Date was 16 October 2025, and the IPO Approval was granted on 23 January 2026. JM Financial is the coordinating Lead Manager. The capital will be vital for the company’s plan to double its data center capacity over the next three years to meet the burgeoning demand from global hyper-scalers and domestic enterprises.
Hella Infra Market (Infra.Market)
In the list of latest SEBI IPO approvals, the most anticipated approval of the week, Hella Infra Market Ltd., better known by its brand name “Infra.Market,” has received the nod via the pre-filing route. The construction materials unicorn has revolutionised the highly fragmented building materials market through its tech-enabled platform. This IPO is expected to be one of the largest in the “New Age Tech” category, despite the company’s strong focus on physical infrastructure and manufacturing.
The DRHP Filing Date was 14 October 2025, and SEBI issued IPO Approval on 23 January 2026. Kotak Mahindra Capital Company is the coordinating LM. While the pre-filing route keeps the exact size confidential, market whispers suggest an issue size in the range of INR 3,000 crore to INR 4,000 crore.
Jay Jagdamba IPO Approval
Jay Jagdamba is a prominent player in the alloy and stainless steel sector, has cleared its regulatory hurdle via the pre-filing route. The company, which specializes in the manufacturing of various steel products, including billets, ingots, and hot-rolled products, initially submitted its draft documents under the confidential pre-filing mechanism. This approach allowed the firm to receive SEBI feedback before making the document public, a strategy often used by companies seeking to protect sensitive competitive information until the last moment.
Jay Jagdamba IPO filing date was 30 June 2025, and after a comprehensive review, SEBI issued its IPO Approval on 23 January 2026. Managed by Elara Capital (India), the issue is expected to provide an exit for existing investors while bolstering the company’s capital expenditure plans for expanding its manufacturing facilities in Maharashtra. The company opted for a confidential filing route, so the exact IPO size is not disclosed yet.
Transline Technologies IPO Approval
Transline Technologies is an IT infrastructure and system integration specialist that has secured IPO approval for a total OFS of 1.62 crore shares. The company provides a wide array of services including IT consulting, networking solutions, and digital transformation services to both government and private sectors. Being an OFS-only issue, the proceeds will not go to the company but to the selling shareholders, typically indicating a liquidity event for early-stage backers or promoters.
The company’s DRHP Filing Date was 7 August 2025, and SEBI granted its IPO Approval on 22 January 2026. Motilal Oswal Investment Advisors is the Lead Manager for this issue. Transline has been a silent performer in the digital India space
UKB Electronics IPO Approval
UKB Electronics, a leading manufacturer of wires, cables, and electronic components, is set to hit the market with a “Fresh + OFS” structure, INR 400 crore each. The company serves various industries, including consumer durables and automotive, providing essential wiring harnesses and power cords. The fresh issue component is likely earmarked for debt reduction and the setting up of new manufacturing units to meet the rising demand in the Electronic Manufacturing Services (EMS) sector.
The DRHP Filing Date was 1 September 2025, with the IPO Approval arriving on 23 January 2026. Motilal Oswal Investment Advisors is handling the mandate. UKB’s move to go public comes at a time when the “China Plus One” strategy is benefiting Indian component manufacturers.
CMR Green IPO Approval
CMR Green Technologies, one of India’s largest metal recyclers specializing in aluminum and zinc alloys, has received the nod for its IPO. This issue is an “OFS Only (4.29 crore shares)” type, aimed at providing a secondary exit to existing shareholders. CMR Green plays a pivotal role in the circular economy by recycling scrap metal into high-quality alloys for the automotive industry, aligning itself with global ESG (Environmental, Social, and Governance) trends.
The company filed its papers (DRHP Filing Date) on 29 August 2025 and received IPO Approval on 22 January 2026. Equirus Capital is the Lead Manager for this offering. CMR Green is expected to attract significant interest from institutional investors who are increasingly looking for “green” manufacturing plays in the Indian equity market.
Medicap Healthcare IPO Approval
Healthcare services provider Medicap Healthcare has received approval for an “Fresh Only” issue (INR 240 crore). Unlike many of its peers, the company is not providing an exit to existing investors but is instead looking to raise fresh capital to expand its hospital network and diagnostic centers.
Medicap’s DRHP Filing Date was 22 September 2025, and it secured IPO Approval on 23 January 2026. Aryamann Financial Services is the coordinating LM. This capital will be crucial for Medicap as it seeks to deepen its footprint in Tier-2 and Tier-3 cities, where the demand for quality healthcare infrastructure is currently outstripping supply.
Purple Style Labs IPO Approval
Purple Style Labs, the parent company of the renowned luxury fashion platform “Pernia’s Pop-Up Shop,” is heading to the bourses with a “Fresh Only” (INR 660 crore) IPO. As a leader in the luxury fashion retail space, the company has successfully scaled the designer wear market in India. The proceeds from the fresh issue are intended for international expansion, marketing, and enhancing its technology stack to offer a more seamless luxury shopping experience. PSL IPO is the most-awaited IPO in the list of latest SEBI IPO approvals.
The DRHP Filing Date for the company was 22 September 2025, and SEBI issued the IPO Approval on 23 January 2026. Axis Capital is the Lead Manager for the issue.
Oswal Cables IPO Approval
Oswal Cables, a significant player in the power transmission and distribution sector, has received the go-ahead for an IPO consisting of both a Fresh Issue (INR 300 crore) and an Offer for Sale (2.22 crore shares). The company manufactures a wide variety of conductors and cables used in power grids. The capital raised will likely be used to fund working capital requirements and to upgrade its existing production lines to cater to the renewable energy sector’s cabling needs.
The company’s DRHP Filing Date was 30 September 2025, and it received IPO Approval on 19 January 2026. Pantomath Capital Advisors is the coordinating Lead Manager.
BVG India IPO Approval
Bharat Vikas Group (BVG) India, one of the country’s largest integrated facility management companies, has finally received the regulatory nod for its “Fresh (INR 300 crore) + OFS (2,85 crore shares)” IPO. BVG provides services ranging from mechanized housekeeping to emergency response services (like the 108 ambulance service). The company’s massive workforce and diverse service portfolio make it a unique utility-like play for the stock market.
The DRHP Filing Date was 30 September 2025, and IPO Approval was granted on 23 January 2026. ICICI Securities is leading the issue. The funds will be used to de-leverage the balance sheet and invest in specialized equipment for its various municipal and industrial cleaning contracts across the country.
Pride Hotels IPO Approval
The hospitality sector continues its IPO streak with Pride Hotels receiving approval for its “Fresh (INR 260 crore) + OFS (3.92 crore shares)” issue. Pride Hotels operates a chain of luxury and business hotels across India and is looking to capitalize on the sustained “revenge travel” trend and the boom in domestic tourism. The fresh capital will be deployed for the renovation of existing properties and the development of new hotel sites in key leisure destinations.
Pride Hotels submitted its DRHP Filing Date on 30 September 2025 and received IPO Approval on 16 January 2026. Motilal Oswal Investment Advisors is the Lead Manager. According to sources, the issue size is estimated at INR 1,000 crore.. With the hospitality industry seeing record Average Room Rates (ARRs), Pride Hotels IPO approval is best timed for a market entry to provide investors with a growth story rooted in the Indian consumption and travel theme.
Sai Parenteral’s IPO Approval
Sai Parenteral’s, a pharmaceutical company specializing in the manufacture of injectable formulations, has received approval for its “Fresh (INR 285 crore)+ OFS (0.35 crore shares)” IPO. The company serves as a contract manufacturer for several global pharma giants and also has its own portfolio of generic injectables. The funds from the fresh issue will be used to expand its manufacturing capabilities, specifically in high-growth segments like oncology and complex injectables.
The DRHP Filing Date was 30 September 2025, and the IPO Approval was issued on 21 January 2026. Arihant Capital is the coordinating LM. In a post-pandemic world, specialized pharmaceutical manufacturing has become a high-priority sector for investors looking for stable, long-term returns.
Commtel Networks IPO Approval
Commtel Networks is a niche technology company providing advanced telecommunications and surveillance solutions for critical infrastructure sectors like oil and gas, power, and railways. Their IPO is a mix of a Fresh Issue (INR 150 crore) and an OFS (INR 750 crore). The company plans to use the proceeds to enhance its R&D capabilities and expand its global footprint, particularly in the Middle East and North American markets.
The company filed its papers on 29 September 2025 and received IPO Approval on 22 January 2026. Equirus Capital is handling the issue. As a specialized engineering and tech firm, Commtel represents the “Digital Infrastructure” theme that is currently gaining significant traction among institutional investors.
With the Latest SEBI IPO approvals expanding across tech, manufacturing, healthcare, and hospitality, the primary market narrative remains constructive. The next key milestones will be updated DRHP details, anchor participation, and final issue pricing—making disciplined due diligence essential before taking exposure.