HDB Financial Services | The company has received SEBI approval for its ₹12,500 crore IPO, comprising a ₹2,500 crore fresh issue and a ₹10,000 crore offer for sale (OFS) by parent HDFC Bank, which currently holds a 94.36% stake in the company. The IPO is being launched in compliance with the Reserve Bank of India’s mandate for upper-layer NBFCs to list by September 2025.
Vikram Solar | The company, one of India’s leading solar photovoltaic module manufacturers, has secured SEBI’s nod for its IPO consisting of a ₹1,500 crore fresh issue and an offer for sale of up to 17.45 million equity shares by promoter and promoter group shareholders. The company, which plays a key role in India’s renewable energy infrastructure, is looking to use the proceeds for capacity expansion, technology upgrades, and working capital requirements.
Dorf-Ketal Chemicals | The global specialty chemicals manufacturer has received approval to launch a ₹5,000 crore IPO, which includes a ₹1,500 crore fresh issue and a ₹3,500 crore OFS by its promoter entity, the Menon Family Holdings Trust. The company supplies chemicals used in oil and gas, refining, and petrochemicals industries across international markets.
A-One Steels India | This company has received SEBI’s greenlight for its ₹650 crore IPO. The offering includes a ₹600 crore fresh issue and a ₹50 crore OFS by promoters Sandeep Kumar, Sunil Jallan, and Krishnan Kumar Jalan. With manufacturing facilities in Karnataka and Andhra Pradesh, the company intends to use the IPO proceeds for expansion, debt repayment, and investments in renewable energy initiatives, including a group captive solar power project.
