Seven Companies, Including Meesho and Shiprocket, Secure SEBI Approval for Rs 7,700 Crore IPOs

Economy

3rd November 2025, 12:17 PM

Seven Companies, Including Meesho and Shiprocket, Secure SEBI Approval for Rs 7,700 Crore IPOs

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Short Description :

Seven Indian companies, including prominent e-commerce firms Meesho and Shiprocket, have received approval from the Securities and Exchange Board of India (SEBI) to raise a combined total of approximately Rs 7,700 crore through Initial Public Offerings (IPOs). This development occurs amidst a robust period for India's primary market, with several companies preparing to list.

Detailed Coverage :

Seven Indian companies have successfully obtained approval from the Securities and Exchange Board of India (SEBI) to launch their Initial Public Offerings (IPOs), collectively aiming to raise around Rs 7,700 crore. This significant influx of potential new listings comes at a time when India's primary market is experiencing considerable activity.

Among the companies that received SEBI's go-ahead are Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce enablement platform Shiprocket. Both filed their IPO papers using the confidential pre-filing route, which allows for delayed public disclosure. Meesho plans to raise approximately Rs 4,250 crore through a fresh issue of shares and an offer for sale (OFS) by existing shareholders, with proceeds intended for cloud infrastructure, AI/ML teams, marketing, acquisitions, and general corporate purposes. Shiprocket is reportedly looking to raise between Rs 2,000-2,500 crore.

Other companies securing approval include German Green Steel and Power, Allied Engineering Works, Skyways Air Services, Rajputana Stainless, and Manika Plastech, which together aim to raise substantial capital for expansion, debt repayment, and working capital needs. SEBI's observation on the draft IPO papers is considered equivalent to regulatory clearance. This news also follows the withdrawal of IPO documents by Bombay Coated and Special Steels and the return of papers for Vishal Nirmiti by SEBI.

Impact: This news is highly positive for the Indian primary market. It signifies continued investor confidence and appetite for new listings, which can boost market liquidity and offer investors new avenues for growth. Rating: 8/10.

Terms and Meanings: * IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time, becoming a publicly traded company. * SEBI (Securities and Exchange Board of India): The regulatory body responsible for overseeing the securities market in India. * OFS (Offer for Sale): A mechanism where existing shareholders sell a portion of their stake in a company to new investors, usually as part of an IPO. The company itself does not receive funds from an OFS. * DRHP (Draft Red Herring Prospectus): A preliminary registration document filed with the securities regulator before an IPO, containing details about the company, its financials, objectives, and risks.