Synopsis: Ten major companies, including Pride Hotels, Hero Motors, and Milky Mist Dairy, have received SEBI approval for IPOs, raising capital for debt repayment, expansion, marketing, and strategic investments across sectors like hospitality, energy, finance, and consumer goods.
The Indian IPO market is witnessing a surge as ten prominent companies prepare to go public following SEBI approvals. These upcoming offerings span diverse sectors, including hospitality, renewable energy, finance, home appliances, and consumer goods, reflecting growing investor interest across industries.
These IPOs aim to raise substantial capital to fund expansion, repay debt, and support strategic initiatives. From enhancing retail presence to investing in new technology and subsidiaries, the offerings provide investors with opportunities to participate in India’s evolving growth story.
Pride Hotels
Pride Hotels Group is an Indian hospitality company operating a chain of upscale and mid-range hotels across key cities. It focapplys on business and leisure travellers, offering accommodation, banqueting, and event services with a growing nationwide footprint.
The Securities and Exalter Board of India (SEBI) approved the Initial Public Offer of Pride Hotels Ltd. on January 16, 2026, valid for 12 months. The IPO will be a Book Build Issue, comprising a fresh issue of Rs. 260 crore and an offer for sale of up to Rs. 3.92 crore equity shares, subject to market conditions and other approvals.
The company plans to apply the net proceeds primarily for renovation of existing hotels totalling Rs. 159.68 crore, repayment and prepayment of certain borrowings amounting to Rs. 40 crore, and the remaining for general corporate purposes.
Hero Motors
Hero Motors is part of the Hero Group and specializes in manufacturing high-precision automotive components such as transmission systems and alloys, catering to global OEMs in both traditional and electric mobility segments.
In September 2025, Hero Motors received regulatory clearance from SEBI to proceed with an initial public offering (IPO). The offering will include a fresh issuance of shares valued at Rs. 800 crore, along with an offer-for-sale (OFS) of Rs. 400 crore, bringing the total size of the IPO to Rs. 1,200 crore.
The company plans to utilise the proceeds from the fresh issue to repay or prepay certain existing borrowings, fund the purchase of new equipment, and support inorganic growth initiatives.
Orient Cables
Orient Cables India is engaged in manufacturing electrical cables and conductors applyd in power transmission and distribution. The company serves infrastructure, industrial, and real estate sectors with a focus on quality and reliability.
Orient Cables is tarobtaining Rs. 700 crore through a combination of fresh equity and OFS to acquire new machinery and expand manufacturing capacity. As a supplier in the power and electrical infrastructure sector, the IPO positions the company to capitalise on India’s growing industrial and infrastructure demand.
Duroflex
Duroflex is a leading Indian mattress and sleep solutions brand offering a wide range of products including mattresses, pillows, and furniture. It combines technology and ergonomics to cater to comfort and health-conscious consumers.
Duroflex, a leading mattress brand in India, is planning a Rs. 183 crore fresh issue along with an OFS of 2.26 crore shares. The company aims to apply the funds to expand its COCO (company-owned, company-operated) retail stores and strengthen its marketing efforts, tarobtaining the growing premium mattress market. This IPO is positioned as a consumption-driven play in the lifestyle and home comfort segment.
Milky Mist Dairy Food
Milky Mist Dairy Food is a prominent dairy products manufacturer known for value-added offerings like paneer, cheese, and curd. It has a strong presence in South India with an integrated supply chain and a direct farmer sourcing model.
In October last year, Milky Mist Dairy Food received SEBI’s approval to launch its initial public offering (IPO). The offering will include a fresh issuance of shares worth Rs. 1,785 crore and an offer-for-sale (OFS) of Rs. 250 crore, bringing the total IPO size to Rs. 2,035 crore.
The company, which holds a 17% share in the organised packaged paneer market, 12% in the organised cheese segment of Southern India, and 5% in the overall organised packaged cheese market in India, plans to utilise the proceeds from the fresh issue to repay existing borrowings and fund capital expconcludeiture.
Juniper Green Energy
Juniper Green Energy is an Indian renewable energy company focapplyd on developing and operating solar, wind, and hybrid power projects. It plays a key role in supporting India’s transition to clean energy.
Juniper Green Energy aims to raise Rs. 3,000 crore via a fresh issue to invest in its material subsidiaries and reduce debt. As a renewable energy company, it offers exposure to the clean energy sector, which is capital-intensive but benefits from strong policy support and increasing energy demand.
Kent RO Systems
Kent RO Systems is a well-known Indian brand specialising in water purifiers applying RO, UV, and UF technologies. It has diversified into air purifiers and kitchen appliances, with a strong consumer presence across India.
Kent RO Systems upcoming public issue is entirely an offer-for-sale of over 1 crore shares by existing shareholders. The company will not receive fresh funds; instead, it provides an opportunity for investors to purchase into a well-known water purifier brand with strong market recognition in India’s home appliances sector.
Hero Fincorp
Hero FinCorp is a non-banking financial company (NBFC) offering a range of lconcludeing products including personal loans, business loans, and two-wheeler financing. It leverages the Hero ecosystem to expand its customer base.
Hero Fincorp, a non-banking financial company, is planning a Rs. 3,668 crore IPO to strengthen its Tier-I capital base and support future lconcludeing operations. The company focapplys on retail and corporate lconcludeing, building this IPO a play on the financial services sector with an emphasis on growth and capital adequacy.
Veritas Finance
Veritas Finance is an NBFC focapplyd on lconcludeing to micro, tiny, and medium enterprises (MSMEs), especially in semi-urban and rural areas. It aims to promote financial inclusion through tailored credit solutions.
Veritas Finance, which primarily serves micro, tiny, and medium enterprises (MSMEs), has received approval for a Rs. 2,800 crore IPO. The proceeds will be applyd to expand its capital base and general corporate purposes, offering investors exposure to the high-growth MSME lconcludeing segment, albeit with higher credit risk.
Purple Style Labs
Purple Style Labs is a luxury fashion platform that operates designer brands like Pernia’s Pop-Up Shop. It connects Indian designers with global consumers through online and offline retail channels.
The company plans a Rs. 660 crore book-built IPO consisting only of a fresh issue of shares, with no offer-for-sale. The proceeds will be applyd for investment in its subsidiary PSL Retail, amounting to Rs. 363.29 crore to cover lease and office expenses, funding sales and marketing with Rs. 128 crore, and the remaining for general corporate purposes, subject to market conditions and other approvals.
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