SEBI Approves 5 IPOs Including Indo-MIM, Kissht for 2026 Launch

IPO

Overview

India's securities regulator, SEBI, has granted approval for five initial public offerings set to launch in 2026. Companies like Indo-MIM, fintech firm Kissht, and Alcobrew Distilleries have received the green light, paving the way for significant fundraising activities. The approvals follow submissions made in late 2025, with SEBI issuing observations to allow these firms to proceed with their public share sales.

SEBI has cleared the path for five companies, including metal injection molding giant Indo-MIM and fintech player Kissht, to launch their Initial Public Offerings (IPOs) in 2026. The approvals, signaled by SEBI's issuance of observations on draft offer documents, allow these firms to tap public markets within the next year.

IPO Approvals Granted

The Securities and Exchange Board of India (SEBI) issued its final observations on the draft IPO papers for Astha Spintex on January 9, 2026. Similar approvals were granted to Indo-MIM on December 29, 2025; Kusumgar on January 7, 2026; and Onemi Technology Solutions (operating as Kissht) and Alcobrew Distilleries India on January 8, 2026. These observations signify that the companies can now proceed with their public offerings.

Fundraising Plans Detailed

Kissht, backed by Temasek Holdings, plans a Rs 1,000-crore fresh issue alongside an offer-for-sale (OFS) of 88.8 lakh shares. Bengaluru-based Indo-MIM, a global leader in metal injection molding, aims to raise Rs 1,000 crore through a fresh issue, including a Rs 200-crore pre-IPO placement, and an OFS component of 12.97 crore shares.

Alcobrew Distilleries India, known for its whisky brands, intends to raise Rs 258.3 crore via a fresh issue, with Rs 51.65 crore earmarked for pre-IPO placement, and an OFS of 1.8 crore shares. Gujarat-based Astha Spintex will launch a pure Rs 160-crore fresh issue. Mumbai-based engineered fabrics maker Kusumgar aims to raise Rs 650 crore entirely through an OFS by promoters, without any fresh issue.

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