The Securities and Exchange Board of India (SEBI) has granted approval to seven companies, including Meesho and Shiprocket, to raise funds through initial public offerings (IPOs). The regulatory nod reflects growing confidence in India’s primary market, which has seen a surge in filings amid strong investor appetite and supportive market conditions.
Companies Receiving SEBI Approval
The seven approved firms are:
- Meesho
- Shiprocket
- Rajputana Stainless
- Skyways Air Services
- German Green Steel and Power
- Allied Engineering Works
- Manika Plastech
These companies had filed their preliminary IPO papers between May and July 2025, and SEBI issued its observations—considered as the final approval to proceed—between October 14 and 31, 2025.
Meesho’s ₹4,250-Crore IPO Plan
SoftBank-backed Meesho has proposed an IPO consisting of a fresh issue of shares worth up to ₹4,250 crore and an offer for sale (OFS) of 17.57 crore shares by existing investors. The OFS includes partial exits by early backers such as Elevation Capital, Peak XV Partners, Venture Highway, and Y Combinator.
According to its draft red herring prospectus, the proceeds from the issue will be used for:
- Investments in cloud infrastructure through Meesho Technologies Pvt. Ltd.
- Employee compensation for AI, ML, and technology teams.
- Marketing and brand-building initiatives.
- Strategic acquisitions and inorganic growth.
- General corporate purposes.
Shiprocket Targeting ₹2,000–₹2,500 Crore
Shiprocket, supported by Temasek, is planning to raise ₹2,000–₹2,500 crore through its IPO. Both Meesho and Shiprocket have used SEBI’s confidential pre-filing route, which allows companies to keep details private until later in the approval process.
German Green Steel and Power’s ₹450-Crore Issue
Gujarat-based German Green Steel and Power intends to raise ₹450 crore via a fresh issue of equity shares, along with an OFS of 20 lakh shares by its promoters. The funds will be directed toward expanding its Gujarat manufacturing facility, setting up a hybrid wind-solar power plant, and repaying debt.
Allied Engineering Works Aiming for ₹400 Crore
Smart energy meter manufacturer Allied Engineering Works plans to raise ₹400 crore through a fresh issue and an OFS of 75 lakh shares by the promoter. The proceeds will be used to establish new manufacturing facilities and meet future working capital needs.
Skyways Air Services’ IPO Plan
Skyways Air Services, engaged in air freight forwarding and logistics, will launch an IPO comprising a fresh issue of 32.92 million equity shares and an OFS of 13.33 million shares. The funds will be used for debt repayment, working capital, and general corporate purposes.
Rajputana Stainless Public Offer
Rajputana Stainless plans a fresh issue of up to 1.46 crore shares and an OFS of 62.5 lakh shares by its promoter group. The proceeds will be used for capital expenditure, debt reduction, and general corporate needs.
Manika Plastech’s ₹115-Crore Fresh Issue
Mumbai-based Manika Plastech aims to raise ₹115 crore through a fresh issue, along with an OFS of 1.5 crore shares. The funds will go toward purchasing plant and machinery, capital expenditure, and debt repayment.
Summary:
SEBI has approved IPO plans for seven companies, including Meesho, Shiprocket, and five others—Rajputana Stainless, Skyways Air Services, German Green Steel and Power, Allied Engineering Works, and Manika Plastech. The upcoming offerings, which together reflect a revival in India’s IPO market, will fund business expansion, technology investment, and debt reduction across diverse sectors.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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