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The Securities and Exchange Board of India (SEBI) has given its approval for the upcoming Initial Public Offerings (IPOs) of five companies: Veritas Finance, Laxmi India Finance, Jaajoo Rashmi Refractories, Ajay Poly, and Regaal Resources. These companies are now set to go public, offering investors new opportunities in the stock market.
Veritas Finance Plans to Raise ₹2,800 Crore
Veritas Finance, a company focused on financial services, filed its Draft Red Herring Prospectus (DRHP) in January 2025. The company plans to raise ₹2,800 crore through its IPO, which will include a fresh issue of equity shares worth ₹600 crore and an offer-for-sale (OFS) of ₹2,200 crore from existing shareholders. This means that investors will have the chance to buy new shares issued by the company, as well as shares sold by its current investors.
Laxmi India Finance’s IPO Details
Laxmi India Finance, a non-banking financial company (NBFC) based in Jaipur, is also preparing for an IPO. The IPO will include a fresh issue of 1.04 crore shares and an offer-for-sale of 56.38 lakh shares by the promoters. The company intends to use the funds raised from the fresh issue to meet its future business needs.
Jaajoo Rashmi Refractories to Raise ₹150 Crore
Jaajoo Rashmi Refractories, which manufactures and exports ferroalloys and refractory materials, is planning to raise ₹150 crore through a 100% fresh issue of equity shares. The company will use ₹61.83 crore of the funds to set up a new manufacturing unit in Bokaro, Jharkhand. Additionally, ₹47.67 crore will be allocated for working capital, and the remaining funds will be used for general corporate purposes.
Ajay Poly’s IPO to Focus on Home Appliances Sector
Ajay Poly, a leading supplier of sealing solutions and plastic profiles for the home appliances industry, has also secured SEBI’s approval for its IPO. The company’s IPO will consist of a fresh issue of ₹238 crore and an offer-for-sale of up to 9.3 million equity shares. After nearly five months of waiting since filing its DRHP, the company is now set to go public.
Regaal Resources to Raise ₹190 Crore
Regaal Resources, a company focusing on mining and related services, is planning an IPO that includes a fresh issue of ₹190 crore and an offer-for-sale of up to 9 million equity shares. The company aims to use the funds raised to repay its outstanding borrowings and improve its financial position.
These five companies are preparing for their IPOs, which offer investors a chance to buy shares in some promising businesses. Whether you are interested in finance, manufacturing, or home appliances, these upcoming IPOs could present exciting investment opportunities.
