Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator SEBI for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements.
Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms — Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy — have filed standard public draft documents with SEBI.
Details of 9 companies
The filings were made between September 21 and September 26.
The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes.
Under the confidential pre-filing mechanism, companies can submit draft offer documents to Sebi and stock exchanges without immediately making them available in the public domain. The documents are disclosed at a later stage after regulatory review.
Consequently, details of Trans ACNR Solutions’ proposed IPO, including the offer size, structure, financial performance, valuation and timeline for the share sale, are not available at this stage.
In a public notice, the company said it has filed the “pre-filed draft red herring prospectus with Sebi and the stock exchanges” in connection with its proposed IPO of equity shares on the main board of the stock exchanges.
Among the companies that have made their IPO details public, Maharashtra Oil Extractions has proposed a fresh issue of up to ₹370 crore and an an offer for sale (OFS) of up to 2.14 crore equity shares by promoters, according to the draft red herring prospectus (DRHP).
The company, incorporated in 1995, is engaged in processing, manufacturing, marketing and sale of products across the soybean value chain, including crude and refined edible oil, plant-based protein supplements, soya meal, soya flour and textured soya protein, besides lecithin and other speciality and industrial chemicals.
Jagatjit Agri Engineering’s proposed share sale comprises a fresh issue of equity shares worth up to ₹300 crore and an OFS of up to 31 lakh equity shares by promoter Jagatjit Singh, according to its DRHP.
Ludhiana-based Jagatjit Agri Engineering, incorporated in 2020, manufactures agricultural implements and provides end-to-end crop solutions.
Mohali-based Jai Parvati Forge has proposed an IPO comprising a fresh issue of up to ₹300 crore and an OFS of up to 90 lakh equity shares by promoter Suman Chauhan.
Incorporated in 2004, the company manufactures forged and machined components, including bull gears, transmission gears and shafts and precision-machined parts.
Punjab-based Koolking Industries India has proposed a fresh issue of up to ₹300 crore and an OFS of up to 30.50 lakh equity shares by promoters.
Incorporated in 2008, the company manufactures and supplies heating, ventilation and air-conditioning (HVAC) components in India. According to a CARE report cited in the DRHP, it accounted for around 15 per cent of the total addressable market (TAM) as of FY26.
SG Encon’s IPO involves a fresh issue of up to 71.90 lakh equity shares and an OFS of up to 13.71 lakh equity shares by promoters Rajiv Gandhi and Pankaj Setia. The total offer size comprises up to 85.62 lakh equity shares.
Indore-based Mount Everest Breweries has filed its preliminary papers for an IPO comprising a fresh issue of up to 1.15 crore equity shares.
Incorporated in 1999, the company is a beer brewing player in Madhya Pradesh and had a market share of nearly 36.3 per cent in terms of volume production in FY26, according to the Technopak report cited in the DRHP. It has a presence across 16 states and three Union Territories.
Sai Infinium Ltd, formerly known as Sai Bandhan Infinium Ltd, has filed its draft prospectus for an IPO comprising a fresh issue of equity shares aggregating up to ₹280 crore and an OFS of up to 1.20 crore equity shares by promoter Ishu Bansal, according to the DRHP.
Ultravibrant Integrated Energy Ltd, formerly known as Ultravaibrant Solar Energy Ltd, has filed its draft papers for an IPO comprising a fresh issue of up to 1.20 crore equity shares and an OFS of up to 25 lakh equity shares by promoter Rajeshwar Singh.
Moreover, 11 companies, including JSW One Platforms and biscuit maker Anmol Industries, also filed their draft papers with SEBI over the last few days.
