While 13 major companies are close to their 12-month IPO deadlines, six others—PMEA Solar Tech Ltd, Varindera Constructions Ltd, SMPP Ltd, Kumar Arch Tech Ltd, CIEL HR Services Ltd, and Paramesu Biotech Ltd—saw their Sebi approvals lapse since the start of the calendar in January, leaving approximately ₹7,600 crore in planned capital in limbo.
