SEBI has approved Bonbloc Technologies, Milestone Gears, and Eastman Auto for public offerings. These companies will release their Red Herring Prospectuses to detail their IPO plans. The approval is valid for 12 months.

Upcoming IPOs: Bonbloc Technologies, Milestone Gears, Eastman Auto & Power get SEBI nod to launch public offers

SEBI Approves Bonbloc, Milestone, and Eastman Auto for Public Offerings

India's capital markets regulator, SEBI, has cleared the way for Bonbloc Technologies, Milestone Gears, and Eastman Auto to raise funds through public offerings, a move that is expected to expand the size of the Indian stock market.

About Bonbloc Technologies

As an artificial intelligence-native enterprise technology firm, Bonbloc Technology builds next-generation AI-powered SaaS solutions and AI-powered Internet of Things (IoT) products that deliver intelligence, safety, and compliance at a global scale.

Its offerings span application development, business intelligence, digital and cloud services, cybersecurity, and regulatory compliance solutions.
The company has a focus on the supply chain and food safety sectors.

Bonbloc Technologies IPO Details

Bonbloc Technologies filed a Draft Red Herring Prospectus (DRHP) with SEBI on September 28, 2025 to raise funds through an initial public offering (IPO).

The IPO is a book-built issue consisting of a fresh issue of ₹230 crore and an offer for sale of up to 3 crore equity shares.

About Milestone Gears

Milestone Gears is a manufacturer of high-precision, complex engineered transmission components with applications across multiple sectors, including tractors, construction equipment, electric vehicles (EVs), locomotives, windmills, and other heavy industries.

The company supplies its products to Indian and global original equipment manufacturer (OEM) customers, including their affiliated entities.
Between April 1, 2022, and June 30, 2025, it supplied products to more than 50 customers, including all the top nine OEMs in the tractor sector in India.

Milestone Gears IPO Details

Milestone Gears is looking to raise ₹1,100 crore through this IPO, which will be a combination of a fresh issue of shares worth ₹800 crore and an offer for sale of ₹300 crore.

The company filed its Draft Red Herring Prospectus (DRHP) with SEBI on November 18, 2025, according to Chittorgarh.

About Eastman Auto & Power

Eastman Auto & Power Limited (EAPL), part of the JRS Eastman Group, is an Indian energy solutions and power electronics company headquartered in Gurugram, Haryana.

The company is a prominent player in the energy transition and power solutions sector, focusing on sustainable energy generation, storage, and electrification technologies.