New Delhi: Capital markets regulator SEBI has approved initial public offerings (IPOs) of seven companies, including Yashoda Healthcare Services, Fusion CX, Orient Cables, and Turtlemint Fintech Solutions, paving the way for fresh fund-raising from the primary market.
| Company Name | Sector / Business | Estimated IPO Size | Issue Structure | Filing Route |
|---|---|---|---|---|
| Yashoda Healthcare Services | Hospital & Healthcare Services | ₹3,000–4,000 crore (expected) | Details awaited | Confidential pre-filing |
| Fusion CX | Customer Experience Services | ₹1,000 crore | ₹600 cr Fresh Issue + ₹400 cr OFS | Regular filing |
| Orient Cables (India) Ltd | Wires & Cables Manufacturing | ₹700 crore | ₹320 cr Fresh Issue + ₹380 cr OFS | Regular filing |
| Turtlemint Fintech Solutions | Insurtech Platform | Not disclosed | To be announced | Confidential pre-filing |
| RSB Retail India | Retail & Consumer Products | Not disclosed | To be announced | Regular filing |
| SFC Environmental Technologies | Environmental Engineering Solutions | Not disclosed | To be announced | Regular filing |
| Lohia Corp | Textile Machinery Manufacturing | Not disclosed | To be announced | Regular filing |
According to news agency PTI, SEBI granted its observations — considered equivalent to regulatory approval — during December 8–12. The companies had approached the regulator between May and September this year.
Other firms that received clearance include RSB Retail India, SFC Environmental Technologies, and Lohia Corp. Market sources estimate that the combined fund-raising from these IPOs could exceed ₹6,000 crore.
Yashoda Hospitals Likely to Be the Largest Issue
Among the approved offerings, Yashoda Healthcare Services is expected to be the biggest. The hospital chain had filed its draft papers with SEBI in September through the confidential pre-filing route. Market participants estimate the IPO size to be in the range of ₹3,000–4,000 crore.
Insurtech firm Turtlemint Fintech Solutions also opted for the confidential filing route for its proposed public issue earlier this year.
IPO Fund-Raising Plans in Detail
Fusion CX, a customer experience services provider, plans to raise ₹1,000 crore through its IPO. This will include a fresh issue of shares worth ₹600 crore and an offer for sale (OFS) of ₹400 crore, as per its draft red herring prospectus.
Orient Cables (India) Limited is targeting a ₹700 crore IPO, comprising a fresh equity issue of ₹320 crore and an OFS of ₹380 crore by promoters.
SEBI’s observations allow companies to proceed with their IPOs within a stipulated timeframe, subject to market conditions.
Disclaimer: This news is for informational purposes only and does not constitute investment advice. Investments in the stock market are subject to market risks. Investors are advised to consult certified financial advisors before making any investment decisions.
