India’s primary markets, which have been on a strong growth trajectory over the past two years, are expected to maintain their momentum in the calendar year 2026. Adding to the positive outlook, the Securities and Exchange Board of India (SEBI) has approved draft prospectuses of eight companies across diverse sectors, paving the way for their public listings.
The development comes at a time when Coal India’s subsidiary Bharat Coking Coal has already entered the listing pipeline, while Hindustan Laboratories has also filed its IPO papers. With fresh approvals now in place, investor activity in the primary market is set to intensify further.
List of Companies Approved by SEBI
The eight companies that have received SEBI’s nod include:
- RKCPL Limited
- Chartered Speed Limited
- Glass Wall Systems (India) Limited
- Jerai Fitness India Limited
- Shriram Food Industry
- Tempsens Instruments (India) Limited
- Indira IVF
- Race of Belief
All these companies had submitted their draft red herring prospectuses (DRHPs) to SEBI between July and September 2025. Upon successful completion of their IPOs, the companies are expected to be listed on the BSE and NSE. Notably, fertility service providers Indira IVF and Race of Belief have filed their IPO papers under SEBI’s confidential route.
RKCPL Limited
RKCPL Limited, an infrastructure and construction company, is preparing to go public in order to raise ₹1,250 crore. This total is comprised of a new equity issue of ₹700 crore, plus an offer for sale (OFS) of ₹550 crore by the company’s promoters and current shareholders.
The firm has plans to use the money from the sale mainly for boosting its business and for reducing its liability. The money is planned to be allocated in such a way that ₹200 crore will be reserved for managing day-to-day financial operations, ₹130 crore for buying construction equipment, and ₹188 crore for paying off loans and other corporate needs.
Chartered Speed Limited
Passenger transportation company Chartered Speed Limited aims to raise ₹855 crore via its IPO. The package consists of a new issue of ₹655 crore together with an offer for sale of ₹200 crore by promoters.
Debt payment will take up the largest share of the total amount with ₹396 crore going to it followed by the investment in e-buses with ₹97 crore and the balance for corporate expenses.
Glass Wall Systems (India) Limited
Facade systems manufacturer Glass Wall Systems (India) Limited plans to issue fresh equity shares worth ₹60 crore. Additionally, promoters and existing shareholders will offer 4.02 crore shares through the offer for sale.
Shriram Food Industry
Shriram Food Industry, a rice exporter catering largely to international markets, plans to issue 2.12 crore fresh equity shares.As part of the IPO, promoters will additionally sell 5.2 million shares. Founded in 2014, the company is operating with a B2B model and is engaged primarily in rice exports.
Jerai Fitness India Limited
Fitness equipment manufacturer Jerai Fitness will launch its IPO entirely through an offer for sale of 43.92 lakh equity shares by promoters. The IPO proceeds will go directly to the promoters. The company supplies equipment to commercial gyms, hotels, corporates, and real estate projects in India and overseas, with exports to countries including Japan, UAE, Australia, and Sweden.
Tempsens Instruments (India) Limited
Thermal engineering and cable manufacturing company Tempsens Instruments (India) Limited plans to raise ₹118 crore through a fresh equity issue. Promoters and existing shareholders will also offer 1.79 crore shares for sale.
Indira IVF and Race of Belief
Fertility service providers Indira IVF and Race of Belief have received approval under SEBI’s confidential filing mechanism, allowing them to keep key IPO details undisclosed until closer to launch. Indira IVF had earlier announced in July 2025 its intention to list on the main board.
Strong IPO Track Record in Recent Years
The leading financial markets in India have rendered their service with a remarkable performance during the last few years. Specifically, in the year of 2025, the number of companies that went public was 102, with the total amount raised through the IPO process reaching ₹1.76 lakh crore, thereby marking a new record in contrast to the previous year’s total of ₹1.6 lakh crore secured by 90 companies. In comparison, the year 2023 witnessed merely 57 IPOs with a cumulative raising of ₹49,436 crore.
As a result of the new approvals from SEBI, it is expected by the market participants that the IPO pipeline for the year 2026 will continue to be very strong, with a mix of different sectors and constant interest from investors being the key drivers.
