IPO Pipeline Heats Up: Xtranet Technologies, Eldeco Infra, Sify Infinit Spaces, UKB Electronics Among 15 Firms Securing SEBI Approval

IPO Market Update

India’s primary market pipeline continues to build momentum, with over 15 companies receiving SEBI approval or filing draft papers in January 2026, signalling a busy IPO calendar ahead across sectors such as technology, infrastructure, electronics, healthcare, real estate, and green energy.

According to the latest filings, most issues are proposed to be listed on both BSE and NSE, with leading investment banks and capital market firms acting as lead managers.

Recently Approved IPOs (SEBI Approval Received)

The following companies have secured SEBI’s nod to proceed with their public issues:

Xtranet Technologies Ltd – Issue size: ₹190 crore
Lead Manager: Share India Capital

Rotomag Enertec Ltd
Lead Manager: Equirus Capital

Eldeco Infrastructure & Properties Ltd – Issue size: ₹1,000 crore
Lead Manager: IIFL Capital

AITMC Ventures Ltd
Lead Manager: Khandwala Securities

HD Fire Protect Ltd
Lead Manager: Ambit

Parijat Industries (India) Ltd
Lead Manager: SBICAP

CSM Technologies Ltd
Lead Manager: Keynote Financial

Jay Jagdamba Ltd
Lead Manager: Elara Capital

UKB Electronics Ltd – Issue size: ₹800 crore
Lead Manager: Motilal Oswal Investment

Medicap Healthcare Ltd – Issue size: ₹240 crore
Lead Manager: Aryaman Financial

Purple Style Labs Ltd – Issue size: ₹660 crore
Lead Manager: Axial Capital

BVG India Ltd
Lead Manager: ICICI Securities

Hella Infra Market Ltd
Lead Manager: Kotak Mahindra Capital

Sify Infinit Spaces Ltd – Issue size: ₹3,700 crore
Lead Manager: JM Financial

Transline Technologies Ltd
Lead Manager: Motilal Oswal Investment

CMR Green Technologies Ltd
Lead Manager: Equirus Capital

Commtel Networks Ltd – Issue size: ₹900 crore
Lead Manager: Equirus Capital

Draft Papers Filed with SEBI

Madhur Iron & Steel (India) Ltd
Lead Manager: Share India Capital

Kanohar Electricals Ltd
Lead Manager: Nuvama Wealth Management

These companies are at the filing stage and are awaiting regulatory clearance.

Market Context

Investment bankers expect the IPO pipeline to remain strong through Q4 FY26, driven by:

Stable equity markets

Strong retail participation

Renewed institutional interest

Sectoral diversification beyond tech-only listings

Large-ticket issues such as Sify Infinit Spaces and Eldeco Infrastructure are likely to anchor market sentiment once launch timelines are announced.