4-firms get Sebi nod for Rs 1,400 cr IPOs

New Delhi: As many as four companies, including Knack Packaging and Shivalaya Construction, have secured Sebi’s approval to collectively raise over Rs 1,400 crore through initial public offerings (IPOs), data available with the markets regulator showed.

The other companies that received regulatory nod are tiles and bathware maker Varmora Granito and Behari Lal Engineering. These firms had filed their draft papers between August and September and received Sebi’s observations during December 15-26. In regulatory parlance, receipt of observations allows companies to proceed with their public issues.

All four IPOs will comprise a mix of fresh issue of shares and an offer for sale (OFS) by existing shareholders. Meanwhile, Infifresh Foods, which had filed its draft papers in August through the confidential route, has withdrawn its prospectus, the update showed.

The approvals come at a time when the primary market has seen record activity in 2025. During the year, companies raised nearly Rs 1.76 lakh crore, supported by strong domestic liquidity, steady investor demand and a supportive macroeconomic environment.

This was significantly higher than the Rs 1.6 lakh crore mobilised by 90 companies in 2024 and Rs 49,436 crore raised by 57 firms in 2023.