SEBI IPO Status: SEBI Upcoming IPOs in 2025

IPO Approval Status: List of Companies With SEBI IPO Approvals

India’s capital market regulator SEBI has been doing a fine job of sifting through the extensive paperwork filed by IPO candidates without taking too much time. Thus, the IPO pipeline remains robust as more upcoming IPO in India are added by the regulator fairly regularly. After getting SEBI IPO approval, a company can launch its public issue anytime in the next 12 months. Here is the list of companies with SEBI approval for IPOs and this also acts as an IPO prospectus list.

SEBI IPO Status: Companies With SEBI IPO Approval

Issuer CompanyLead ManagerIssue TypeProspectus Filing DateSEBI Approval DateDRHP
Link
Asirvad Micro FinanceJM FinancialFresh10/5/20234/22/2024DRHP
Gold Plus GlassIIFL SecuritiesFresh+OFS2/12/20246/29/2024DRHP
Patel RetailFedex SecuritiesFresh+OFS4/3/20248/21/2024DRHP
Belstar MicrofinanceICICI SecuritiesFresh+OFS5/6/20248/30/2024DRHP
SK FinanceKotak MahindraFresh+OFS5/13/20248/30/2024DRHP
Shivalik EngineeringAxis CapitalFresh+OFS7/1/20249/13/2024DRHP
NSDLICICI SecuritiesOFS7/10/20239/30/2024DRHP
Paras HealthcareIIFL SecuritiesFresh+OFS8/2/202410/18/2024DRHP
Avanse Financial ServicesKotak MahindraFresh+OFS7/31/202410/23/2024DRHP
Rubicon ResearchAxis CapitalFresh+OFS8/5/202410/31/2024DRHP
Metalman AutoAxis CapitalFresh+OFS8/14/202410/31/2024DRHP
ArisInfra SolutionsJM FinancialFresh8/14/202411/13/2024DRHP
Kalpataru LimitedICICI SecuritiesFresh8/22/202411/22/2024DRHP
TruAlt BioenergyDAM CapitalFresh+OFS8/20/202411/27/2024DRHP
Smartworks CoworkingJM FinancialFresh+OFS8/19/202411/28/2024DRHP
Ecom ExpressAxis CapitalFresh+OFS8/19/202411/29/2024DRHP
iValue InfosolutionsIIFL SecuritiesOFS9/10/202412/23/2024DRHP
Ather EnergyAxis CapitalFresh+OFS9/11/202412/23/2024DRHP
Oswal PumpsIIFL SecuritiesFresh+OFS9/20/202412/24/2024DRHP
Schloss Bangalore
(Hotel Leela)
JM FinancialFresh+OFS9/23/202412/26/2024DRHP
Highway InfrastructurePantomath CapitalFresh+OFS9/27/202412/27/2024DRHP
Regreen-Excel EPCIIFL SecuritiesFresh+OFS9/19/202412/31/2024DRHP
Casagrand Premier BuilderJM FinancialFresh+OFS9/23/202412/31/2024DRHP
JSW CementJM FinancialFresh+OFS8/20/20241/6/2025DRHP
PMEA Solar TechIIFL SecuritiesFresh+OFS9/23/20241/14/2025DRHP
Vikran EngineeringPantomath CapitalFresh+OFS10/4/20241/14/2025DRHP
Scoda TubesMonarch NetworthFresh10/1/20241/15/2025DRHP
All Time PlasticsIntensive Fiscal ServicesFresh+OFS10/3/20241/17/2025DRHP
Sambhv Steel TubesNuvama WealthFresh+OFS10/3/20241/21/2025DRHP
Ellenbarrie Industrial GasesMotilal Oswal Fresh+OFS9/23/20241/22/2025DRHP
Varindera ConstructionsICICI SecuritiesFresh+OFS10/3/20241/23/2025DRHP
Brigade Hotel VenturesJM FinancialFresh11/5/20241/28/2025DRHP
Indogulf CropsciencesSystematix Corporate ServicesFresh+OFS10/1/20241/29/2025DRHP
Aditya Infotech
(CP Plus)
ICICI SecuritiesFresh+OFS10/3/20241/29/2025DRHP
SMPP Limited Axis CapitalFresh+OFS10/21/20241/29/2025DRHP
Solarworld Energy Solutions Nuvama WealthFresh+OFS10/1/20241/30/2025DRHP
Globe Civil ProjectsMefcom Capital MarketsFresh10/3/20241/30/2025DRHP
Prostarm Info SystemsChoice Capital AdvisorsFresh10/3/20241/31/2025DRHP
Kumar Arch Tech Motilal OswalFresh+OFS10/3/20241/31/2025DRHP
Midwest LimitedDAM CapitalFresh+OFS10/3/20242/4/2025DRHP
CIEL HR ServicesAmbit PrivateFresh+OFS11/21/20242/14/2025DRHP
Belrise IndustriesAxis CapitalFresh11/22/20242/25/2025DRHP
Paramesu BiotechPantomath CapitalFresh+OFS11/12/20242/28/2025DRHP
Crizac LimitedEquirus CapitalOFS11/18/20243/4/2025DRHP
Borana WeavesBeeline CapitalFresh11/16/20243/7/2025DRHP
InnovisionEmkay GlobalFresh+OFS12/18/20243/12/2025DRHP
LG Electronics IndiaAxis CapitalOFS12/9/20243/13/2025DRHP
IndiQube SpacesICICI SecuritiesFresh+OFS12/24/20243/24/2025DRHP
GSP Crop ScienceEquitas CapitalFresh+OFS12/20/20243/28/2025DRHP
Ganesh Consumer ProductsDAM CapitalFresh+OFS12/23/20243/28/2025DRHP
BlueStone JewelleryAxis CapitalFresh+OFS12/16/20244/1/2025DRHP
GK EnergyIIFL CapitalFresh+OFS12/17/20244/3/2025DRHP
Aye FinanceAxis CapitalFresh12/20/20244/3/2025DRHP
Anthem BiosciencesJM FinancialOFS1/2/20254/3/2025DRHP
Aegis Vopak TerminalsICICI SecuritiesFresh11/22/20244/7/2025DRHP
Seshaasai TechnologiesIIFL SecuritiesFresh+OFS1/1/20254/11/2025DRHP

SEBI IPO Pipeline: Companies Awaiting SEBI IPO Approval (Prospectus Filed)

In addition to the long list of companies with regulatory clearances, there is an equally impressive IPO pipeline of companies having filed draft red herring prospectuses with SEBI. The market regulator scrutinizes the documents and makes sure adequate disclosures are made. The processing time for these companies to get necessary approvals depends on several factors including complexity of operations, past violations of regulatory norms, among others. As such, it is not surprising to see even well-established names getting stuck for long time-frames in this list and increasing the IPO pipeline.

Issuer CompanyLead ManagerIssue TypeProspectus Filing DateDRHP
Link
Hero FinCorpJM FinancialFresh+OFS7/31/2024DRHP
Jaro Institute of TechnologyNuvama WealthFresh+OFS9/30/2024DRHP
Vikram SolarJM FinancialFresh+OFS9/30/2024DRHP
HDB Financial ServicesJM FinancialFresh+OFS10/30/2024DRHP
Continuum Green EnergyKotak MahindraFresh+OFS12/9/2024DRHP
Travel Food ServicesKotak MahindraOFS12/10/2024DRHP
Laxmi India FinancePL CapitalFresh+OFS12/15/2024DRHP
Jajoo Rashmi RefractoriesUnistone CapitalFresh12/21/2024DRHP
Greaves Electric MobilityMotilal OswalFresh+OFS12/23/2024DRHP
Mangal Electrical IndustriesSystematix Corporate ServicesFresh12/24/2024DRHP
Sri Lotus Developers and RealtyMotilal OswalFresh12/24/2024DRHP
Earthood ServicesUnistone CapitalFresh+OFS12/26/2024DRHP
CredilaAxis CapitalFresh12/28/2024Confidential
Gem AromaticsMotilal OswalFresh+OFS12/28/2024DRHP
Ajay PolyMotilal OswalFresh+OFS12/28/2024DRHP
A-One SteelsPL CapitalFresh+OFS12/30/2024DRHP
Caliber MiningDAM CapitalFresh+OFS12/30/2024DRHP
Regaal ResourcesPantomath CapitalFresh+OFS12/31/2024DRHP
Sunshine PicturesGYR Capital AdvisorsFresh+OFS12/31/2024DRHP
Jesons IndustriesMotilal OswalFresh+OFS1/9/2025DRHP
Vidya WiresPantomath CapitalFresh+OFS1/11/2025DRHP
Shanti GoldChoice CapitalFresh1/13/2025DRHP
Vinir EngineeringPantomath CapitalOFS1/17/2025DRHP
Veritas FinanceICICI SecuritiesFresh+OFS1/18/2025DRHP
Lumino IndustriesMotilal OswalFresh+OFS1/20/2025DRHP
Euro Pratik SalesAxis CapitalOFS1/20/2025DRHP
Kent RO SystemsMotilal OswalOFS1/21/2025DRHP
Epack PrefabMonarch NetworthFresh+OFS1/21/2025DRHP
Karamtara EngineeringJM FinancialFresh+OFS1/22/2025DRHP
Dorf-Ketal ChemicalsJM FinancialFresh+OFS1/23/2025DRHP
Shreeji ShippingBeeline CapitalFresh1/24/2025DRHP
WeWork India
(Abeyance)
JM FinancialOFS1/31/2025DRHP
Veeda Clinical ResearchAxis CapitalFresh+OFS1/31/2025DRHP
Amanta HealthcareBeeline CapitalFresh2/3/2025DRHP
Atlanta ElectricalsMotilal OswalFresh+OFS2/4/2025DRHP
Shringar House of MangalsutraChoice CapitalFresh2/5/2025DRHP
Glottis LtdPantomath CapitalFresh+OFS2/8/2025DRHP
Rite Water SolutionsJM FinancialFresh+OFS2/10/2025DRHP
SeedWorks InternationalEquirus CapitalFresh2/11/2025DRHP
Innovatiview IndiaDAM CapitalOFS2/13/2025DRHP
M&B EngineeringEquirus CapitalFresh+OFS2/17/2025DRHP
LCC ProjectsMotilal OswalFresh+OFS2/21/2025DRHP
ArMee InfotechKhandwala SecuritiesFresh2/26/2025DRHP
MEIR CommoditiesSmart HorizonFresh+OFS2/27/2025DRHP
Excelsoft TechnologiesAnand RathiFresh+OFS2/28/2025DRHP
Pranav ConstructionsCentrum CapitalFresh+OFS2/28/2025DRHP
Fujiyama Power SystemsMotilal OswalFresh+OFS3/6/2025DRHP
Allchem LifescienceEmkay GlobalFresh+OFS3/13/2025DRHP
Saatvik Green EnergyDAM CapitalFresh+OFS3/13/2025DRHP
PhysicswallahKotak MahindraFresh+OFS3/19/2025Confidential
SSF Plastics IndiaIIFL CapitalFresh+OFS3/20/2025DRHP
GNG Electronics
(Electronics Bazaar)
Motilal OswalFresh+OFS3/25/2025DRHP
Studds AccessoriesIIFL CapitalOFS3/26/2025DRHP
Pace DigitekUnistone CapitalFresh3/27/2025DRHP
Ardee EngineeringIIFL CapitalFresh+OFS3/27/2025DRHP
VMS TMTArihant CapitalFresh3/27/2025DRHP
SIS Cash ServicesDAM CapitalFresh+OFS3/27/2025DRHP
Gujarat Kidney And Super SpecialityNirbhay CapitalFresh3/28/2025DRHP
Park Medi World
(Park Hospital)
Nuvama WealthFresh+OFS3/28/2025DRHP
Swastika InfraSrujan AlphaFresh+OFS3/30/2025DRHP
Prozeal Green EnergyNuvama WealthFresh+OFS3/30/2025DRHP
Jain Resource RecyclingDAM CapitalFresh+OFS3/30/2025DRHP
Dev AcceleratorPantomath CapitalFresh3/30/2025DRHP
ESDS SoftwareDAM CapitalFresh3/30/2025DRHP
Om Freight ForwardersSmart HorizonFresh+OFS3/31/2025DRHP
Runwal EnterprisesICICI SecuritiesFresh+OFS3/31/2025DRHP
Anand Rathi Share and Stock BrokersNuvama WealthFresh3/31/2025DRHP
Advance AgrolifeChoice CapitalFresh3/31/2025DRHP
Sai InfiniumSarthi CapitalFresh4/2/2025DRHP
Tata CapitalKotak MahindraFresh4/4/2025Confidential
Imagine Marketing
(boAt)
ICICI SecuritiesFresh+OFS4/7/2025Confidential

Number of DRHPs filed in recent months

December 2024 – 26
January 2025 – 14
February 2025 – 14
March 2025 – 22

Withdrawn IPOs + DRHPs Returned by SEBI

Issuer CompanyLead ManagerIssue TypeProspectus Filing DateWithdrawal DateDRHP
Link
Mouri Tech
(Withdrawn)
Nuvama WealthFresh+OFS10/1/202412/31/2024DRHP
Rahee Infratech
(Withdrawn)
IIFL SecuritiesFresh+OFS10/3/20241/10/2025DRHP
SFC Environmental Technologies
(Withdrawn)
IIFL Capital Fresh+OFS12/4/20242/27/2025DRHP
Advanced Sys-Tek
(Withdrawn)
INGA Ventures Fresh+OFS2/10/20252/27/2025DRHP
Neilsoft
(Returned)
Equirus CapitalFresh+OFS1/1/20253/10/2025DRHP
Star Agriwarehousing (Returned)JM FinancialFresh+OFS12/9/20243/19/2025DRHP
Indira IVF
(Withdrawn)
Kotak MahindraOFS2/13/20253/19/2025Confidential
EAAA India Alternatives
(Returned)
Axis CapitalOFS12/5/20243/27/2025DRHP
Neelkanth Realtors
(Returned)
Swastika InvestmartFresh12/30/20243/28/2025DRHP
Anlon Healthcare
(Withdrawn)
Interactive Financial Fresh2/20/20253/28/2025DRHP
Rajputana StainlessNirbhay Capital Fresh+OFS12/30/20244/11/2025DRHP

We keep updating this list of SEBI IPO approval status on a regular basis to offer our readers the most up-to-date information. This IPO pipeline includes IPO prospectus list of companies with SEBI IPO approvals and the ones awaiting regulatory clearances. Without a doubt, a strong IPO pipeline is beneficial for capital markets.

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Some of these IPOs include special reservation for shareholders of their parent companies. Keeping track of such companies and purchasing as few as one share can improve the odds of IPO allotment for investors. It is important to highlight that this list includes only mainboard IPOs and not SME IPOs where respective stock exchanges take on the responsibility of vetting prospectus.

Disclaimer: No content on this website should be treated as investment advice. The idea behind this website is to spread financial literacy, especially with regard to IPOs, and to solicit discussion in our comments section. Please consult your financial advisor and undertake your due diligence before making any financial decision. In no way or circumstances, IPO Central will be responsible for your financial decisions. Here are some more resources for you:

11 COMMENTS

    • If you are interested in small and mid cap IPO then go for VAXTEX COTFAB LIMITED. You can consider a moderate investment for Long term purpose. This is a low risk – Neutral return bet. Start your year by investing in this IPO.

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