Six Companies, Including Credila and Sri Lotus, Receive SEBI Approval for IPOs
Six companies, including Credila Financial Services, Sri Lotus Developers, and Euro Pratik, have received SEBI's approval to float initial public offerings (IPOs). The companies aim to raise a total of ₹3,000 crore through these IPOs.
IpoSebiCredila Financial ServicesSri Lotus DevelopersEuro PratikReal Estate NewsMay 21, 2025
Sebi received preliminary IPO documents from these firms between October 2024 and January 2025 and issued its observations during May 13-16. In Sebi's parlance, obtaining the observations means its go-ahead to float the public issue.
Credila Financial Services IPO
Credila Financial Services Ltd, formerly known as HDFC Credila Financial Services, filed draft papers with Sebi in December through a confidential pre-filing route. Filing the draft papers through this method allows the company to withhold public disclosure of details mentioned in the DRHP. The company aims to raise funds through its IPO, though the exact amount has not been disclosed.
Sri Lotus Developers IPO
Sri Lotus Developers, backed by Bollywood stars and renowned investor Ashish Kacholia, is looking to raise ₹792 crore through its IPO. The issue is entirely a fresh issue of shares with no offer for sale (OFS) component, according to the draft papers. Proceeds from the fresh issue will be used for investment in its subsidiaries Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate Pvt Ltd for part-funding the development and construction of its ongoing projects, Amalfi, The Arcadian, and Varun. Additionally, a portion will be used for general corporate purposes.
Euro Pratik IPO
Euro Pratik, a prominent player in the decorative wall panel industry, plans to float a ₹730 crore public issue, which is entirely an OFS by promoters.
Caliber Mining and Logistics IPO
Caliber Mining and Logistics, a Nagpur-based coal mining and logistics provider, plans to mobilise ₹600 crore through its initial share sale. Its IPO is a combination of a fresh issue of equity shares worth up to ₹500 crore and an OFS of shares aggregating to ₹100 crore by the promoters. Proceeds will be utilised by the company towards repayment of debt, funding capital expenditure for the purchase of machinery, and general corporate purposes.
Jaro Institute of Technology IPO
Mumbai-based Jaro Institute of Technology Management and Research Limited is planning to raise ₹570 crore through an IPO. The company had filed its IPO papers with Sebi on September 30, 2024. The IPO consists of a fresh issuance of equity shares worth ₹170 crore and an offer-for-sale of shares worth ₹400 crore by promoter Sanjay Namdeo Salunkhe. Jaro Institute of Technology Management and Research is one of India’s leading online higher education and upskilling platform companies. It is a one-stop solution for a university looking to offer online, hybrid, and in-person degree programmes and certification courses. The company plans to utilise funds for marketing, brand-building, and advertising activities, payment of debt, and general corporate purposes.
Jesons Industries IPO
Jesons Industries' IPO comprises a fresh issue of equity shares worth ₹300 crore and an offer-for-sale of 94.61 lakh shares by a promoter. Proceeds from the fresh issue will be used for repaying debt, funding capital expenditure, and general corporate purposes.
Gem Aromatics IPO
Mumbai-based Gem Aromatics Limited, an established manufacturer of specialty ingredients, including essential oils, aroma chemicals, and Value-Added Derivatives in India, is planning to raise funds through an initial public offering (IPO). The company had filed its IPO papers with Sebi on December 28, 2024. The IPO with a face value of ₹2 is a mix of fresh issue of shares of up to ₹175 crore and an offer for sale (OFS) of up to 89,24,274 equity shares each by Promoter and Investor Selling Shareholders. Gem Aromatics offers a diversified portfolio of products, ranging from Mother Ingredients to its various Value-Added Derivatives. The products are applied across a broad spectrum of industries, such as oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, and pain management, and personal care. It is one of the prominent essential oils and Value-Added Derivatives manufacturers in India, specializing in products derived from mint and clove oil.
Shares of these companies will be listed on the BSE and NSE.
Frequently Asked Questions
What is an IPO?
An Initial Public Offering (IPO) is the process by which a private company raises capital by selling shares to the public for the first time. This allows the company to raise funds for various purposes such as expansion, debt repayment, and general corporate activities.
How many companies received SEBI approval for IPOs?
Six companies, including Credila Financial Services, Sri Lotus Developers, Euro Pratik, Caliber Mining and Logistics, Jaro Institute of Technology Management and Research, Jesons Industries, and Gem Aromatics, received SEBI approval for their IPOs.
What is the total amount these companies aim to raise through their IPOs?
Together, these six companies aim to raise at least ₹3,000 crore through their initial public offerings.
What is the purpose of the funds raised by Sri Lotus Developers through its IPO?
Sri Lotus Developers plans to use the funds raised through its IPO for investment in its subsidiaries Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate Pvt Ltd, and for general corporate purposes.
What is the focus of Jaro Institute of Technology Management and Research?
Jaro Institute of Technology Management and Research is one of India’s leading online higher education and upskilling platform companies, offering online, hybrid, and in-person degree programmes and certification courses.
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