6 companies get Sebi nod to float IPOs

Eyewear retailer Lenskart Solutions Ltd, home and furnishings company Wakefit Innovations Ltd and four other companies have secured Sebi’s approval to raise funds through initial public offerings (IPOs), an update with the market regulator showed on Monday. Tenneco Clean Air India, Cordelia Cruises operator Waterways Leisure Tourism, cotton yarns manufacturer Shree Ram Twistex and industrial laminates manufacturer Lamtuf are among the companies that have received regulatory approval.

Together, these companies are expected to raise over Rs 6,500 crore through their IPOs. The six companies, which filed their preliminary IPO papers with Sebi between June and July, obtained their observations between September 26 and October 3, the update showed. In regulatory terms, Sebi’s observations are equivalent to clearance for launching a public issue.

The approval comes at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market. In 2025, a total of 80 companies have already tapped the mainboard market through maiden public offerings, and several issues are lined up for this month.

Lenskart Solutions is looking to raise Rs 2,150 crore through fresh issuance of equity shares.