Defence equipment maker SMPP, Aditya Infotech among 8 cos to get Sebi nod to float IPOs

As galore arsenic 8 firms including defence instrumentality shaper SMPP, Aditya Infotech, Brigade Hotel and PVC blend-based gathering worldly shaper Kumar Arch Tech person received Sebi's spell up to rise funds done archetypal nationalist offerings (IPOs).

Other companies that person received Sebi's support see Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, and Prostarm Info Systems, an update with the markets regulator showed connected Tuesday.

Together, these firms purpose to rise much than Rs 7,800 crore, merchant bankers said.

So acold successful 2025, six companies floated their maiden nationalist issues. This came aft the superior marketplace witnessed a singular twelvemonth erstwhile 91 IPOs were launched collectively raising Rs 1.6 lakh crore.

Going by the update connected Tuesday, Sebi received preliminary IPO documents from 8 firms betwixt October and November, and issued its observations during January 28-31.

In Sebi's parlance, obtaining the observations means its spell up to interval the nationalist issue.

Meanwhile, car constituent shaper Viney Corporation withdrew its draught IPO papers connected January 27 without giving a reason. The preliminary documents were filed successful October.

As for SMPP Ltd, its Rs 4,000-crore IPO includes a caller contented of equity shares worthy up to Rs 580 crore and an offer-for-sale (OFS) of shares worthy up to Rs 3,420 crore by promoter Shiv Chand Kansal, according to the draught papers. At present, Kansal holds a 50 per cent involvement successful the company.

Proceeds from the caller contented volition beryllium utilised chiefly for superior expenditure of Rs 437.04 crore, which includes constructing buildings, onshore development, and procuring works and machinery for a planned ammunition manufacturing installation done an concern successful a subsidiary. The remaining magnitude volition beryllium allocated for wide firm purposes.

Aditya Infotech's projected IPO is simply a operation of a caller contented of equity shares worthy Rs 500 crore and an OFS of shares valued Rs 800 crore by promoters, arsenic per the draught papers.

Proceeds from the caller to the tune of Rs 375 crore person been earmarked for outgo of indebtedness and too a information volition beryllium utilized for wide firm purposes.

Brigade Hotel Ventures is looking to rise Rs 900 crore done a caller contented of equity shares.

Proceeds from the contented to the tune of Rs 481 crore volition spell towards outgo of debt, Rs 412 crore volition beryllium allocated to the institution and Rs 69 crore to its worldly subsidiary, SRP Prosperita Hotel Ventures Ltd.

Additionally, Rs 107.52 crore volition beryllium utilized to acquisition an undivided stock of onshore from the promoter, BEL, and the remaining funds volition enactment acquisitions, different strategical initiatives, and wide firm purposes.

Kumar Arch Tech's IPO is simply a premix of caller issuance of shares worthy Rs 240 crore, and an OFS of Rs 500 crore by promoters.

Proceeds from the caller contented to the tune of Rs 182.09 crore volition beryllium utilized for concern successful subsidiary Taylias Industry Pvt Ltd for financing its superior expenditure requirements for the greenfield project.

Solarworld Energy Solutions IPO consists of a caller issuance of equity shares worthy Rs 550 crore and an OFS of Rs 50 crore.

Indogulf Cropsciences is aiming to rise Rs 200 crore done caller issues of shares. Besides, determination volition beryllium an OFS of up to 38.55 lakh equity shares by selling shareholders. If the placement is completed, the caller contented size volition beryllium reduced.

The Delhi-based institution plans to usage proceeds from the caller contented to enactment moving superior requirements, outgo of debt, mounting up an in-house adust flowable works astatine Barwasni successful Haryana; and for wide firm purposes.

The IPO of Globe Civil Projects is wholly a caller contented of 1.9 crore equity shares with nary OFS component. The institution would utilise the IPO proceeds for backing moving superior requirements, acquisition of equipment, and for wide firm purposes.

Power solutions products manufacturing institution Prostarm Info Systems' IPO volition beryllium an wholly caller contented of 1.6 crore equity shares.

The Maharashtra-based institution plans to utilise funds for moving superior requirements, repaying debt, acquisition of further involvement of subsidiary to marque it a wholly-owned subsidiary, inorganic growth, and wide firm purposes.

Shares of these firms are projected to beryllium listed connected the BSE and NSE.