{"id":441843,"date":"2026-02-10T15:12:03","date_gmt":"2026-02-10T09:42:03","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=441843"},"modified":"2026-02-12T16:01:06","modified_gmt":"2026-02-12T10:31:06","slug":"sebi-clears-ipo-plans-of-eight-firms-including-incred-holdings-elevate-campuses-and-aarvee-engineering","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/news\/sebi-clears-ipo-plans-of-eight-firms-including-incred-holdings-elevate-campuses-and-aarvee-engineering","title":{"rendered":"SEBI Clears IPO Plans of Eight Firms Including InCred Holdings, Elevate Campuses and Aarvee Engineering"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Securities and Exchange Board of India (SEBI) has granted final approval for the initial public offerings (IPOs) of eight companies, marking a significant uptick in capital-markets activity. The firms cleared to proceed include InCred Holdings, Elevate Campuses, Aarvee Engineering Consultants, Laser Power &amp; Infra, Armee Infotech, Ardee Industries, Shankesh Jewellers, and Sedemac Mechatronics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SEBI\u2019s observations, issued between February 2 and February 6, allow these companies to file their Red Herring Prospectus (RHP) and launch public issues within the next year (18 months for confidential filings).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">InCred Holdings, the holding company of NBFC InCred Financial Services, received approval following its DRHP filing via the confidential route. The firm, which operates across lending, institutional capital markets and wealth tech, is expected to announce IPO size, price band and dates in due course.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Elevate Campuses, backed by Singapore-based Hillhouse Investments, plans to raise \u20b92,550 crore through a fresh issue to expand student accommodation and acquire K-12 assets. Aarvee Engineering aims to raise \u20b9202.5 crore through a mix of fresh issue and offer-for-sale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other approved IPOs include Kolkata-based Laser Power &amp; Infra (\u20b91,200 crore), IT services firm Armee Infotech (\u20b9300 crore fresh issue), lead processor Ardee Industries, jewellery wholesaler Shankesh Jewellers, and Pune-based Sedemac Mechatronics.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India (SEBI) has granted final approval for the initial public offerings (IPOs) of eight companies, marking a significant uptick in capital-markets activity. The firms cleared to proceed include InCred Holdings, Elevate Campuses, Aarvee Engineering Consultants, Laser Power &amp; Infra, Armee Infotech, Ardee Industries, Shankesh Jewellers, and Sedemac Mechatronics. SEBI\u2019s [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":415594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152],"tags":[755,276],"class_list":["post-441843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI Clears IPO Plans of Eight Firms Including InCred Holdings, Elevate Campuses and Aarvee Engineering &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Board of India (SEBI) has granted final approval for the initial public offerings (IPOs) of eight companies, marking a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/news\/sebi-clears-ipo-plans-of-eight-firms-including-incred-holdings-elevate-campuses-and-aarvee-engineering\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI Clears IPO Plans of Eight Firms Including InCred Holdings, Elevate Campuses and Aarvee Engineering\" \/>\n<meta property=\"og:description\" content=\"The Securities and Exchange Board of India (SEBI) has granted final approval for the initial public offerings (IPOs) of eight companies, marking a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/news\/sebi-clears-ipo-plans-of-eight-firms-including-incred-holdings-elevate-campuses-and-aarvee-engineering\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-10T09:42:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-12T10:31:06+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/sebi-clears-ipo-plans-of-eight-firms-including-incred-holdings-elevate-campuses-and-aarvee-engineering\",\"url\":\"https:\/\/zerodha.com\/z-connect\/news\/sebi-clears-ipo-plans-of-eight-firms-including-incred-holdings-elevate-campuses-and-aarvee-engineering\",\"name\":\"SEBI Clears IPO Plans of Eight Firms Including InCred Holdings, Elevate Campuses and Aarvee Engineering &#8211; 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