InCred Holdings, Elevate Campuses among 8 IPOs approved by Sebi

Capital markets regulator Sebi has approved eight IPOs, unlocking a new pipeline of offerings in financial services, infrastructure, engineering, education and manufacturing as the primary market steadily faces regulatory challenges.Of the approvals, InCred Holdings stands out as the most prominent. InCred Holdings is the 100% holding company of InCred Financial Services, one of India’s fastest growing new-age NBFCs. InCred Group has built a diversified lending franchise that includes personal loans, student loans, specialty MSME loans, secured business loans and loans to financial institutions.

Since its inception, the platform has disbursed loans worth over Rs 25,000 crore to over 4 lakh customers through a network of over 140 branches and a workforce of over 2,600 employees. As of FY25, InCred Finance reported assets under management of Rs 12,585 crore, reflecting 39% year-on-year growth, supported by technology-enabled underwriting and disciplined risk management.Engineering consultancy Aarvee Engineering Consultants has also received approval for its IPO, which will include a fresh issue of Rs 202.5 crore along with an offer for sale of up to 67.5 lakh shares by promoter Venkatachala Chakrapani Redla. The company provides infrastructure engineering and project management services in the transportation, water and urban development segments.

IT infrastructure and systems integrator ArMee Infotech has secured Sebi’s pick for a pure fresh outlay of Rs 300 crore. Headquartered in Ahmedabad, the company operates across 14 locations, serving government, BFSI, enterprise and education clients, with offerings ranging from IT hardware and software implementation to managed services and digital infrastructure projects.

Calcutta-based cable and conductor manufacturer Laser Power and Infra has been cleared to raise Rs 1,200 crore through its initial public offering. The company is targeting a valuation in the range of Rs 5,500 crore to Rs 6,500 crore, with the issuance aimed at strengthening its balance sheet and supporting expansion plans.

Education infrastructure platform Elevate Campuses has received approval for its Rs 2,550 crore IPO, which will be a completely new problem. The company focuses on developing and operating student housing and campus infrastructure and plans to list on both NSE and BSE. Jewelery retailer Shankesh Jewelers received approval for a small IPO, comprising a fresh issue of up to Rs 3 crore and an offer for sale of up to Rs 1 crore, with the shares proposed to be listed on NSE and BSE.

Metal recycling and recovery player Ardee Industries has received approval for an initial public offering that includes a fresh issue of up to Rs 320 crore and an offer for sale of up to 3.77 crore shares. The company was founded in 1995 and is active in the recycling, smelting and refining of lead.

Automotive and industrial electronics company SEDEMAC Mechatronics has also been approved for a pure IPO of up to 0.8 crore shares, without the need to raise any fresh capital.