Seven Firms Receive SEBI Approval for IPOs- Key Highlights:
- Runwal Developers: First-ever IPO approved to raise ₹2,000 crore (₹1,700 crore fresh equity + ₹300 crore offer-for-sale) to strengthen the balance sheet and fund corporate purposes amid steady residential real estate demand.
- Other Approved Firms: Lalbaba Engineering, Augmont Enterprises, Supreet Chemicals, Sillverton Industries, CJ Darcl Logistics, and Gaudium IVF received SEBI clearance for IPOs to fund expansion, debt repayment, and sustainability initiatives.
- Draft Filing & Withdrawals: Draft red herring prospectuses were filed June–October 2025; Deon Energy withdrew its IPO.
- Investor Sentiment: The IPOs come amid a strong primary market, with ₹1.76 lakh crore raised in 2025, signaling robust equity investor demand.
- Strategic Role of Equity: Funds from IPOs will be used for growth, operational expansion, and sustainability projects, reinforcing the importance of public equity for corporate India.
Mumbai headquartered Runwal Developers has been allowed by the Securities and Exchange Board of India (SEBI) to go ahead with its first, ever initial public offering. The company now joins a pack of seven other companies which have also been given the green light by the regulator to raise funds through IPOs.
The regulatory clearance which was announced by SEBI, permits the companies to come out with public issues after receiving observations during the period of January.
Apart from Runwal Developers, the other companies that secured SEBIi’s approval include engineering solutions provider Lalbaba Engineering, integrated gold and silver platform Augmont Enterprises, specialty chemicals manufacturer Supreet Chemicals, eco-friendly paper maker Sillverton Industries, logistics services provider CJ Darcl Logistics, and fertility services firm Gaudium IVF and Women Health Ltd. These companies had filed their draft red herring prospectuses between June and October last year. Meanwhile, renewable energy firm Deon Energy has withdrawn its draft IPO papers.
Runwal Developers is looking at raising 2, 000 crore through the public issue, as per its draft prospectus. The proposed IPO consists of a fresh issue of equity shares for 1, 700 crore and an offer for sale of shares to the tune of 300 crore by promoter Sandeep Subhash Runwal.
The company plans to use the money raised through the fresh issue mainly for the repayment of the debt taken by the company and its subsidiaries besides the general corporate purposes.The issue is going to be of great help to the developer in strengthening its balance sheet just when the residential real estate market is still showing consistent demand.
Kolkata, based Lalbaba Engineering is planning to raise 1, 000 crore through an IPO, of which the fresh issue will be 630 crore, and promoters will offer 370 crore for sale. The proceeds from the fresh issue will be utilized for capital expenditure to expand the Haldia manufacturing facility, part of the borrowings to be repaid or prepaid, and other corporate requirements.
Augmont Enterprises, which runs a platform for gold and silver products, is seeking to raise 800 crore through a fresh issue of 620 crore plus an offer for sale of 180 crore. The company would use the new funds mainly for working capital needs such as procurement, inventory management, margin requirements, and general corporate expenses.
Supreet Chemicals has proposed to raise ₹499 crore through an entirely fresh issue of equity shares, with no offer for sale component. The company plans to utilise the funds to finance a greenfield manufacturing project, reduce outstanding debt, and meet general business expenses. Sillverton Industries’ IPO will include a fresh issue of ₹300 crore along with an offer for sale of 3.22 crore equity shares by promoters. The proceeds from the fresh issue will be used for capital expenditure related to sustainability initiatives, including the installation of a waste-to-energy captive power plant and a compressed biogas facility.
CJ Darcl Logistics’ proposed IPO includes a fresh issue of up to 2.64 crore equity shares and an offer for sale of nearly 99 lakh shares by promoters. The company intends to use the fresh issue proceeds for the purchase of equipment and repayment of debt. Gaudium IVF and Women Health Ltd plans to raise funds through a mix of fresh issue and offer for sale to support expansion, including the establishment of 19 new IVF centres across the country, along with debt repayment and general corporate purposes.
The approvals have been granted amidst a vibrant year for the Indian primary market.
In 2025, corporate India through IPOs, raised a record 1.76 lakh crore, which is attributed to strong domestic liquidity, optimistic investors, and a macroeconomic environment that supported the expansion. This surpassed the 1.6 lakh crore which was raised in 2024 and displayed a significant leap from the 49, 436 crore raised in 2023, thus, reflecting a continuous strong demand from the investors for equity issues across various sectors, including real estate.
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