The company also has the option of a pre-IPO placement of up to Rs 120 crore, which would proportionately reduce the size of the fresh issue. Fusion CX offers multi-channel customer engagement services across voice, chat, email, social media and messaging platforms, targeting industries such as telecom, BFSI, travel, high-tech, retail and healthcare.Another manufacturing-oriented name that has received Sebi approval is Orient Cables (India). The company had filed its IPO papers in July, outlining plans to raise Rs 700 crore through a mix of Rs 320 crore new issue and Rs 380 crore for sale.
Proceeds from the new issue will be partially used for capital expenditure, including machinery, equipment and civil works at the production facilities. Orient Cables operates in the network cables and passive network equipment segment, supplying products to fast-growing areas such as broadband, telecom infrastructure, data centers, renewable energy and smart building automation.
The consumer-facing space is represented by RSB Retail India, a Hyderabad-based apparel retailer known for its RS Brothers chain. RSB Retail filed its DRHP for an IPO in August, combining a fresh issue of Rs 500 crore with an offer for sale of up to 2.98 crore shares by existing shareholders.
Founded in 2008, with roots dating back to the first RS Brothers store in 1999, the company operates 73 stores across Telangana, Andhra Pradesh and Karnataka. Its physical retail presence includes five retail chains, including South India Shopping Mall, RS Brothers, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart. Lohia Corp, the Kanpur-based technical textile machinery and equipment manufacturer, has also received Sebi approval after refiling its IPO papers. Unlike many other issuers, Lohia Corp’s proposed IPO is entirely an offer for sale of shares worth Rs 4.22 crore by promoters, without raising any fresh capital.
The company had previously received approval in 2023, but did not proceed with the issuance at that time. Lohia Corp positions itself as one of the leading global manufacturers of technical textile machinery, particularly in the production of polypropylene and HDPE woven fabrics and bags. In India, it claims a dominant position in woven Raffia machines, with a market share of over 40% by value in FY25.
Environmental infrastructure is another theme reflected in the approvals. Mumbai-based SFC Environmental Technologies is planning an initial public offering comprising a fresh issue of Rs 150 crore and an offer for sale of up to 1.23 crore shares by promoters and other shareholders.
The company provides end-to-end environmental engineering solutions including design, manufacturing, installation and commissioning of wastewater treatment, recycling and reuse equipment. As of March 31, 2025, SFC had completed 639 installations, largely in sewage treatment projects, giving it a track record in urban and industrial water management.
In the fintech space, Turtlemint Fintech Solutions has received approval after submitting its DRHP through the confidential route. Turtlemint operates as a technology-driven intermediary connecting customers, insurance advisors and insurers, primarily in the areas of health, life and auto insurance.
The platform has also expanded into mutual fund and loan distribution, reflecting the broader trend of fintech companies building multi-product ecosystems. While the company has not publicly disclosed the size of the proposed IPO, its approval adds to the growing list of digital-first companies preparing to enter public markets.
The healthcare sector is represented by Yashoda Healthcare Services, which operates the Yashoda Hospitals chain in Hyderabad. The company filed its IPO papers confidentially in September and, according to media reports, is considering a fundraise of around Rs 3,000-4,000 crore through a mix of new issues and for sale.
Also read: India’s record Rs 2 lakh crore IPO pipeline by 2026 comes with a listing day warning
Yashoda Hospitals operates four multi-specialty hospitals along with dedicated cardiac and cancer institutes, with a combined bed capacity of approximately 4,000, making it one of the larger regional hospital groups in South India.
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