Square Yards’ IPO to raise ₹2,000 Crore...
09 Jul, 2025
The Securities and Exchange Board of India (SEBI) has granted approval for the initial public offerings (IPOs) of seven companies, marking a significant development in the Indian capital markets. The approvals were announced on Tuesday, following SEBI’s review of preliminary IPO documents submitted between October 2024 and January 2025.
The seven companies that have received SEBI’s go-ahead to raise funds via IPOs are:
These companies are poised to list their shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Credila Financial Services: Filed its draft papers confidentially in December 2024. The company is expected to use the IPO proceeds to strengthen its financial services business, though specific fund utilization details remain undisclosed.
Sri Lotus Developers and Realty: Backed by Bollywood celebrities and investor Ashish Kacholia, Sri Lotus plans to raise approximately Rs 792 crore through a fresh issue of shares without any offer-for-sale component. The funds will be allocated to subsidiaries such as Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate Pvt. Ltd., as well as for ongoing project construction costs (including Amalfi, The Arcadian, and Varun) and general corporate purposes.
Euro Pratik: A major player in the decorative wall panel industry, Euro Pratik is set to launch a Rs 730-crore IPO entirely through an offer-for-sale by promoters.
Caliber Mining and Logistics: Based in Nagpur, this coal mining and logistics firm plans to raise Rs 600 crore, with Rs 500 crore from fresh equity and Rs 100 crore from an offer-for-sale. The proceeds will be used for debt repayment, machinery acquisition, and general corporate expenses.
Jaro Institute of Technology Management and Research: Its Rs 570-crore IPO will include a fresh issue worth Rs 170 crore and an offer-for-sale of Rs 400 crore by promoter Sanjay Namdeo Salunkhe. Funds will support marketing, brand building, debt repayment, and other corporate purposes.
Jesons Industries: The IPO comprises a fresh equity issue of Rs 300 crore and an offer-for-sale of 94.61 lakh shares by a promoter. Proceeds will be directed towards debt repayment, capital expenditure, and general corporate needs.
Gem Aromatics: Mumbai-based specialty ingredients manufacturer Gem Aromatics plans a mixed IPO with a fresh issue of up to Rs 175 crore and an offer-for-sale of up to 89.24 lakh shares by promoters and investors. Funds will primarily be used for debt repayment and corporate purposes.
The approval of these IPOs reflects SEBI’s continued support for expanding investment opportunities in diverse sectors such as financial services, real estate, manufacturing, education, and mining. Investors can expect these listings to add depth and variety to the Indian stock markets in the coming months.
With the IPOs now cleared, the companies will soon announce their issue dates and price bands, setting the stage for public subscription and listing.
