One of the companies to receive the approval is Silverton Industries, an eco-friendly paper maker. In the company’s IPO, the promoters offered to sell 3.22 crore shares at Rs. 300 crores of new issue included. The company raised Rs. 129 crore plans to deploy towards sustainability-focused capital expenditure at its existing manufacturing facility, including setting up a 14 MW waste-to-energy captive power plant and a compressed biogas unit. The balance will be used for general corporate purposes.
Specialty chemicals manufacturer Supreet Chemicals has invested Rs. 499 crore IPO, which is structured as an entirely new issue with no offer-for-sale component. Out of the income Rs. 310 crore will be used to fund greenfield manufacturing projects, while Rs. 65 crore has been earmarked for debt repayment. The remaining funds will support general corporate needs. The Gujarat-based company operates in over 15 complex chemistry, supplying intermediates to sectors such as textiles, pharmaceuticals, agro-chemicals and personal care.
In the logistics space, CJ Darkal Logistics has received regulatory approval for an IPO comprising a fresh issue of up to 2.64 crore shares and an offer of 99.05 lakh shares by the promoters. Proceeds from the fresh issue will be used for purchase of equipment and repayment of debt. The company operates an asset-right, technology-based logistics model, providing multimodal transportation, warehousing and distribution services across India and select overseas markets.
Healthcare services provider Gaudium IVF is also set to tap the capital markets. The approved offer includes a fresh issue of up to 1.14 crore shares and an offer for sale of up to 94.9 lakh shares by the promoter. Out of the fresh issue proceeds, Rs. 50 crore will be used to set up 19 new IVF centers across India, while Rs. 20 crore has been earmarked for debt repayment. The company currently operates a network of over 30 centers including 7 hub centers and 28 spokes in major cities.
Mumbai-based real estate developer Runwal Developers for Rs. 2,000 crore IPO has been approved. In this issue Rs. 1,700 crore fresh issue and promoter Sandeep Runwal raised Rs. 300 crore in the offer for sale, which held 72.76% stake at the time of filing. The company plans to use the proceeds of the fresh issue primarily for repayment or prepayment of borrowings. By FY25, Runwal Developers had a net debt-to-equity ratio of 0.98x at Rs. 3,160.52 crore in net debt.
Engineering solutions company Lalbaba Engineering has also received SEBI’s nod for its IPO. A proposed issue of Rs. 630 crore in fresh issue and by the promoters Rs. 370 crores includes an offer for sale. From fresh issue Rs. 271 crore will be used for capacity expansion at the company’s Haldia manufacturing facility, while Rs. 209 crore has been earmarked for debt repayment. Lalbaba Engineering focuses on high-performance seamless tubes, precision forgings and integrated rail systems.
Completing the list is Augmont Enterprises, an integrated gold and silver platform, which through its IPO raised Rs. Plans to raise up to 800 crores. An offer of Rs. 620 crore fresh issue and the promoters raised Rs. 180 crores included in the sale offer. Augmont operates across the precious metals value chain, including bullion trading, refining, digital gold, jewelery manufacturing and gold-backed financial services, with operations spread across 24 states.
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