SEBI clears IPO proposals for five companies
SEBI has approved IPOs for five companies, namely, Innovatiview India, Park Medi World, Runwal Enterprises, Jinkushal Industries, and Advance Agrolife; allowing investors to participate in new listings across healthcare, real estate, agrochemicals, and industrial sectors. These companies, which had filed their draft IPO papers with SEBI between February and April this year, are set to raise significant funds for expansion, debt repayment, and working capital, marking another active period in India’s IPO market with multiple listings in 2025.
Innovatiview India
Innovatiview India, a provider of security and surveillance solutions, plans to raise approximately ₹2,000 crore through an Offer for Sale (OFS). The OFS includes ₹800 crore each from promoters Ashish Mittal and Ankit Agarwal, ₹320 crore from Vishal Mittal, and ₹80 crore from Abhishek Agarwal. The company has a strong market share in examination security solutions.
Park Medi World
Park Medi World, a hospital chain operating under the Park brand, aims to raise ₹1,200 crore. The issue comprises a fresh issue of ₹900 crore and an OFS of ₹300 crore by promoter Ajit Gupta. The funds will be utilized for repayment and capital expenditure for hospital development and expansion.
Runwal Enterprises
Mumbai-based real estate company Runwal Enterprises plans to raise ₹1,000 crore through a fresh issue. The proceeds will be directed towards expansion and repayment.
Jinkushal Industries
Jinkushal Industries, a Chhattisgarh-based exporter of construction machinery with a strong presence in the UAE and the US, seeks to raise funds through a fresh issue of up to 8.65 million shares and an OFS of up to 1 million shares by the promoters of the company, Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain and Yashasvi Jain. The proceeds will be used for working capital requirements and general corporate purposes.
Advance Agrolife
Advance Agrolife, a Jaipur-based agrochemicals company, plans to raise funds through a fresh issue of 19.3 million equity shares. The funds will be utilized for working capital requirements and general corporate purposes.
