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This move opens new investment opportunities across multiple sectors, including logistics, solar energy, and jewellery, giving investors fresh avenues to grow their portfolios
SEBI’s approval was granted after these companies submitted their draft papers between June and August. (Representative/Shutterstock)
The Indian stock market is set to experience a surge in Initial Public Offerings (IPOs) following the recent approval by the Securities and Exchange Board of India (SEBI) for seven companies to launch their IPOs.
According to a Moneycontrol report, this development provides investors with fresh opportunities to invest in a diverse range of sectors including logistics, solar energy, and jewellery.
The companies poised to enter the market include Shadowfax Technologies, Rezon Solar, Arcil, Safex Chemicals, PNGS Reva, Agcon, and Sudip Pharma. Shares for all these companies will be listed on the BSE and NSE.
SEBI’s approval, known as ‘observation’, was granted after these companies submitted their draft papers between June and August.
Shadowfax Technologies
Shadowfax Technologies, a notable logistics company, applied for its IPO in July through the pre-filing route. The IPO size is expected to be between Rs 2000 to Rs 2500 crore, with funds aimed at enhancing company capacity, growth, and network investments.
Arcil
Arcil, an asset reconstruction company, will offer an IPO entirely via Offer for Sale (OFS), with 105.4 million shares available. Major investors such as Avenue Capital, SBI, Federal Bank, and GIC will divest their stakes. The company itself will not receive new funds from this IPO, but its market value is anticipated to rise upon listing.
Rezon Solar
Rezon Solar, based in Gujarat, has established itself as a strong player in the solar energy sector since its inception in 2017. It ranks among India’s top 10 solar module manufacturers and aims to reach a capacity of 6 GW by March 2025. Rezon Energy’s IPO is a completely fresh issue, valued at up to Rs 1,500 crore. The company plans to use Rs 1,265 crore of the funds to set up a 3.5 GW solar cell factory in Surat. Backed by government support amid the green energy push, the IPO is expected to draw strong investor interest.
Safex Chemicals
Safex Chemicals, active in the market since 1991, produces branded formulations, specialty chemicals, and also undertakes contract development and manufacturing. ChrysCapital holds a 44.8% stake in the company. The IPO comprises fresh shares worth Rs 450 crore and an OFS of Rs 3.57 crore. Proceeds from the fresh issue will be used to repay debt, with the remainder allocated for general corporate purposes. With the chemical sector showing steady growth, the company presents a relatively stable investment opportunity.
AGGCON Equipments
Agcon Equipments is planning an IPO to raise ₹332 crore (around $3.32 billion), with promoters set to sell 9.4 million shares through an OFS. The company operates in the equipment manufacturing sector.
PNGS Reva Diamond Jewellery
In the diamond jewellery sector, PNGS Reva plans an IPO of Rs 450 crore as a fresh issue, formed from the slump sale of PN Gadgil and Sons’ diamond business. The upcoming festive season is expected to boost demand in the jewellery market.
Sudeep Pharma
Sudeep Pharma, operating since 1989, produces excipients—including coloring agents and preservatives, for more than 100 products across the pharmaceutical, food, and nutrition sectors. Its IPO includes 950 million fresh shares and over 10 million OFS shares. While relatively small in size, the company boasts a strong foundation.
October 23, 2025, 13:08 IST
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