7 companies including Physicswallah, Saatvik Green will do IPO shower, permission from SEBI
There is a big news for the Indian capital market. The Securities and Exchange Board of India (SEBI) has approved seven companies to launch an initial public offer (IPO), including Edtech Unicorn Physicswireswala and Solar Panel Manufacturer Satvik Green Energy. According to PTI news, this information is given in SEBI’s latest report. All these companies filed their IPO’s initial documents between January and April 2025 and have obtained ‘Observation’ from SEBI between 14 and 18 July. Getting ‘Observation’ from SEBI means that these companies can now pursue their IPO process.
Which companies have got approval
Apart from Physics and Solar Panel Manufacturers Satvik Green Energy, there are other companies receiving IPO approval:
Vinir Engineering
Pranav Constructions (Real Estate)
Fujiyama Power Systems (Solar Solutions)
SIS Cash Services (Cash Logistics)
Anlon Healthcare (Chemical Production)
Changes in IPO schemes of this company
Godium IVF and Women’s Health, which filed its draft Red Herring Prospectus (DRHP) in January, has later withdrawn its IPO scheme.
IPO Market: January-June 2025
Between January and June 2025 this year, 24 companies have raised a total of ₹ 45,351 crore through IPO. This amount is much higher than the same period of 2024 (when 36 firms raised ₹ 31,281 crore). By July, eight companies have already launched their IPO, and five companies are going to start their IPO in the near future. Market experts estimate that the second half of 2025 will be “careful optimistic” for the IPO market, which will support domestic investment, positive spirit of investors and clarity of development.
What are the changes in the major IPO
Physicswala: It filed its DRHP under the confidential route in March.
Satvik Green Energy: The company will raise ₹ 1,150 crore, with ₹ 850 crore new shares and ₹ 300 crore through offer for sale (offs). This amount will be used for loan payment, setting up 4 GW solar PV production facility in Odisha and investing in Satvik Solar Industries.
Pranav Construction (Mumbai): It will raise funds through new equity of ₹ 392 crore and about 28.57 lakh shares. This fund will be used for obtaining government approval, purchasing additional FSI (Floor Space Index) and redevelopment projects.
Vinir Engineering: Its IPO will be fully ofS, in which 5.33 crore shares will be sold.
Fujiama Power Systems: The company will raise capital through new equity of ₹ 600 crore and 2 crore shares. This amount will be used for investment facility in Ratlam, repayment of loan and general corporate purposes.
SIS Cash Services: There will be a new issue of ₹ 100 crore and 37.15 lakh shares ofs. This amount will be used for procurement of cash -carrying vehicles, repaying loans and for general corporate purposes.
Anlone Healthcare: It will issue 1.4 crore shares only through a new issue. This fund will be used for production expansion, loan repayment, working capital and general corporate purposes.
Listing scheme
All the companies mentioned will be listed on the Bombay Stock Exchange and the National Stock Exchange through their primary public issue.
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