Sebi approves seven IPOs at once as 2026 pipeline builds. View the details

Capital market regulator Sebi has approved as many as seven IPOs. Among the companies that have received regulatory approval is HD Fire Protect, a Mumbai-based manufacturer of fire protection equipment and systems. The proposed public offer will consist entirely of an offer for sale of approximately 2.6 crore shares by promoters, without raising any fresh capital.The company manufactures water, foam and gas-based fire suppression systems from its two factories in Maharashtra and also undertakes contract manufacturing and white labeling. The products have been supplied to several high-profile projects, including installations at India’s Sriharikota space launch pad, the Jamnagar Refinery, the New Parliament Building, Saudi Aramco’s Ras Tanura Sea Island and an integrated energy and water project in Oman.

Industry estimates show that India’s fire protection equipment market was valued at around Rs 10,200 crore in FY25, with firefighting equipment accounting for almost three-quarters of the market.IT services player Xtranet Technologies has also received Sebi’s approval for its proposed IPO. The issue is expected to be a pure fresh issue of shares aggregating around Rs 190 crore. Founded in 2002, the company provides enterprise applications, digital services, managed IT operations and proprietary technology platforms, positioning itself as a full-spectrum IT services provider.

Parijat Industries is another company that has moved closer to the market. The proposed IPO is a book-built issue, comprising a fresh issue of Rs 160 crore along with an offer for sale of up to 2.04 crore shares. The company plans to list its shares on both the NSE and BSE. Prior to the issue, the promoters together held almost 65% of the company’s share capital.

Rotomag Enertec has also received regulatory approval for its public issue, which will combine a fresh issue of Rs 500 crore with an offer for sale of up to 2.40 crore shares. The company’s shares are proposed to be listed on the NSE and BSE. The promoters currently hold more than 91% stake in the company, which is active in the field of energy equipment and solutions.

CSM Technologies will tap the primary market through a book-built issue that will include only a fresh issue of up to 1.29 crore shares. The company plans to list on both major stock exchanges, with the IPO aimed at financing growth and expanding operations. After issuance, equity will expand significantly to reflect the capital injection. Real estate developer Eldeco Infrastructure & Properties Limited has also secured Sebi’s approval for a Rs 1,000 crore IPO. The issue includes a fresh issue of Rs 800 crore and an offer for sale of Rs 200 crore. The company plans to use the proceeds to strengthen its balance sheet and support ongoing and future real estate projects, with a planned listing on the NSE and BSE.

Also read: Sebi gives no objection to IPO of NSE, paving way for stock exchange listing

Additionally, AITMC Ventures, formerly known as AVPL International, has received approval for the proposed IPO, marking its second attempt to go public. The company plans to raise around Rs 200 crore through a fresh issue, with the proceeds earmarked for business expansion, working capital and general corporate purposes.

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