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11 Upcoming IPOs That Have Secured SEBI Approval and Are Ready to Launch

Published: March 24, 2026 | Category: real estate news
11 Upcoming IPOs That Have Secured SEBI Approval and Are Ready to Launch

Around 120 companies have received SEBI’s approval to launch their initial public offerings (IPOs) and can announce the dates anytime as the market regulator’s approval remains valid, Axis Capital listed out in its report. These include some popular names such as mattress-seller Duroflex, Hero Motors, water purifier-maker Kent R O Systems, and Hero Fincorp, among others.

Mattress-maker Duroflex received SEBI’s approval to proceed with its IPO back in February this year. The company's maiden public issue comprises a fresh issue worth Rs 183 crore and an offer for sale (OFS) of nearly 2.26 crore shares by Lighthouse India Fund III and Lighthouse India III employees. The company aims to use the fresh issue proceeds to fund capital expenditure for setting up new COCO stores, expenditure for lease, sub-lease rent, and license fee payments, marketing, and advertisement expenses.

Purple Style Labs, which operates the multibrand luxury omni-channel fashion platform Pernia’s Pop-Up Shop, received SEBI’s approval for its IPO in January this year. The company aims to raise Rs 660 crore through a fresh issue of shares, and use the fresh issue proceeds for investment in its wholly-owned subsidiary, PSL Retail, along with funding sales and marketing expenses.

Pride Hotels also received SEBI’s approval for its IPO in January. The popular hotel chain operator’s IPO comprises a fresh issue of shares worth Rs 260 crore and an offer for sale (OFS) of more than 3.9 crore shares. The company aims to use the fresh issue proceeds for funding capital expenditure requirements for renovation and repayment in full or part of certain borrowings.

Orient Cables received SEBI’s approval for its IPO in December last year. The IPO will comprise a fresh issue of shares worth Rs 320 crore and an offer for sale of shares worth Rs 380 crore, taking the total offer size to Rs 700 crore. The cable-maker aims to use the fresh issue proceeds for funding capital expenditure requirements for the purchase of machinery, equipment, and civil works at manufacturing facilities, along with the repayment of certain outstanding borrowings.

Milky Mist Dairy Food received SEBI’s approval to launch its IPO in October last year. The IPO will comprise a fresh issue of shares worth Rs 1,785 crore and an offer for sale worth Rs 250 crore, taking the total offer size to Rs 2,035 crore. The company, which has a market share of 17% in the organised packaged paneer market, 12% in the Southern region’s organised cheese segment, and 5% in the organised packaged cheese market in India, aims to use the fresh issue proceeds for repayment of outstanding borrowing and for financing capital expenditure.

Hero Motors received SEBI’s approval back in September 2025 to launch an IPO comprising a fresh issue of shares worth Rs 800 crore and an OFS worth Rs 400 crore, taking the total offer size to Rs 1,200 crore. The company aims to use the fresh issue proceeds for repayment, prepayment, or redemption in full or in part of certain outstanding borrowing, fund capital expenditure for the purchase of equipment, and inorganic growth.

Juniper Green Energy got SEBI’s approval to launch its IPO back in August 2025. The company’s maiden public issue will likely comprise a fresh issue of shares worth Rs 3,000 crore, whose proceeds will be used for repayment of certain borrowing, along with investment in material subsidiaries.

Popular water purifier-maker Kent R O Systems received SEBI’s approval to launch an IPO back in June 2025. The maiden public issue of the company will likely comprise an offer for sale of more than 1 crore shares, with no fresh issue component.

Hero Fincorp, a leading non-banking financial company (NBFC), received SEBI’s approval for its IPO in May 2025. The company aims to raise Rs 1,000 crore through a fresh issue of shares and an offer for sale of up to 17.5 million shares by existing shareholders. The proceeds will be used for funding the company’s growth plans and strengthening its capital base.

These upcoming IPOs represent a diverse range of sectors, from consumer goods to financial services, and offer investors a variety of opportunities to participate in the growth of these companies. As the market conditions continue to improve, these IPOs are expected to attract significant interest from both retail and institutional investors.

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Frequently Asked Questions

1. What is an IPO?
An Initial Public Offering (IPO) is the process by which a privately held company raises capital by selling shares to the public for the first time. This allows the company to raise funds for expansion, pay off debts, and provide liquidity to its early investors and employees.
2. Why do companies go for an IPO?
Companies go for an IPO to raise capital for various purposes such as expansion, paying off debts, and providing liquidity to early investors. It also helps in enhancing the company's public image and visibility, and can lead to better access to capital markets in the future.
3. What is SEBI's role in IPOs?
SEBI (Securities and Exchange Board of India) is the regulatory body that oversees the securities market in India. It ensures that the IPO process is fair and transparent, protecting the interests of investors. SEBI must approve the prospectus and other documents before a company can launch its IPO.
4. How can investors participate in an IPO?
Investors can participate in an IPO by applying through a Demat account with a registered broker. They need to fill out the application form, specify the number of shares they wish to purchase, and pay the application money. The allotment of shares depends on the demand and the company's offer.
5. What are the risks associated with investing in IPOs?
Investing in IPOs carries risks such as market volatility, overvaluation, and the uncertainty of the company's future performance. The share prices can fluctuate significantly in the initial days, and there is no guarantee of positive returns. It's important for investors to conduct thorough research and assess their risk tolerance before investing.