Influx Healthtech Files Draft Papers for ₹58.57 Crore SME IPO...
12 Jun, 2025
The Securities and Exchange Board of India (SEBI) has approved four companies, including Kent RO Systems, Karamtara Engineering, Vidya Wires and Mangal Electrical Industries, to launch their initial public offerings (IPOs), marking another significant wave in India’s capital markets. These approvals, issued between June 3 and June 6, 2025, collectively create the way for these firms to raise over ₹2,500 crore through maiden public issues.
Kent RO Systems, a leader in the water purifier segment, has received SEBI’s nod for a public offer for sale (OFS) of over 1.01 crore equity shares by its promoters Mahesh Gupta, Sunita Gupta and Varun Gupta who currently hold 99.77% of the company’s shares. The IPO will not involve any fresh issue of shares which means the company itself will not receive any proceeds; instead, the funds raised will go directly to the selling promoters. Mahesh Gupta will offload the largest chunk (over 56 lakh shares), with Sunita Gupta and Varun Gupta selling 33.6 lakh and 10.9 lakh shares respectively. The primary objective is to partially monetize promoter holdings, increase public participation and meet listing requirements.
Kent RO, incorporated in 2007, is credited with pioneering reverse osmosis (RO) technology in India and has expanded its product portfolio to include IoT-enabled purifiers, kitchen appliances and more. The company operates four manufacturing facilities, one in Roorkee and three in Noida.
Karamtara Engineering, a major player in the energy infrastructure and engineering sector, plans to raise ₹1,750 crore through its IPO, combining a fresh issue of ₹1,350 crore and an OFS of ₹400 crore by its promoters. From the total fresh issue, ₹1,050 crore will be used for repaying existing borrowings, with the remainder allocated for general corporate purposes. The IPO is being managed by leading investment banks including JM Financial, ICICI Securities and IIFL Capital Services.
This fundraising is expected to strengthen Karamtara’s balance sheet, fuel expansion and position the company for future growth in the increasingly competitive engineering and infrastructure space.
Vidya Wires, a manufacturer of winding and conductivity products, will issue new shares worth up to ₹320 crore alongside an OFS of 1 crore equity shares by promoters Shyamsundar Rathi and Shailesh Rathi, each selling 50 lakh shares. The fresh capital will be used to set up a subsidiary unit, repay debts and meet general corporate needs. The IPO aims to provide the company with the financial resources to expand its manufacturing capabilities and strengthen its market position.
Mangal Electrical Industries, known for its transformer components, will launch a ₹450 crore IPO with an entirely fresh issue with no OFS component. The proceeds will be utilized for working capital requirements, expansion of its Sikar (Rajasthan) facility, civil works at its Jaipur head office and debt repayment. This move is expected to enhance the company’s operational capacity and support its growth ambitions in the electrical components sector.
The approval of these IPOs reflects a robust pipeline in India’s capital markets, spanning diverse sectors from water purification and engineering to specialty wires and electrical components. For investors, these offerings present fresh opportunities to participate in the growth stories of established and emerging Indian companies.
With the IPO pipeline showing no signs of slowing, India’s equity markets are set for another dynamic year, offering both challenges and opportunities for issuers and investors alike.
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