SEBI has issued its latest weekly update, confirming that five companies have received Observation Letters, which is considered the final regulatory clearance before an IPO launch. Once the observation letter is issued, companies can proceed with filing the Red Herring Prospectus (RHP) and announce IPO dates.
The companies that received SEBI approval include Premier Industrial Corporation, Virupaksha Organics Limited, Hexagon Nutrition Limited, Om Power Transmission Limited, and Duroflex Ltd.
This development indicates that these IPOs may hit the Indian primary market soon.
List of Companies That Received SEBI Observation Letter (IPO Approval)
1) Premier Industrial Corporation IPO
Key IPO Details:
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DRHP Date: 29 September 2025
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SEBI Observation Issued: 10 February 2026
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IPO Type: Fresh Issue + Offer for Sale (OFS)
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Fresh Issue: Up to 2.25 crore equity shares
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Offer for Sale: Up to 0.54 crore equity shares
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Total Offer Size: Up to 2.79 crore equity shares
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Face Value: ₹10 per share
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Retail Allocation : 35%
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Lead Manager: Unistone Capital Private Limited
2) Virupaksha Organics Limited IPO
Key IPO Details:
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DRHP Date: 29 September 2025
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SEBI Observation Issued: 12 February 2026
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IPO Type: Fresh Issue Only
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Fresh Issue Size: Up to ₹740 crore
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Offer for Sale: Not applicable
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Total Issue Size: Up to ₹740 crore
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Face Value: ₹10 per share
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Retail Allocation : 35%
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Employee Quota: Yes
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Lead Manager: Axis Capital Limited
3) Hexagon Nutrition Limited IPO
Key IPO Details:
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DRHP Date: 23 September 2025
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SEBI Observation Issued: 10 February 2026
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IPO Type: Offer for Sale (OFS Only)
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Offer for Sale: Up to 3.086 crore equity shares
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Total Offer Size: Up to 3.086 crore equity shares
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Face Value: ₹1 per share
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Retail Allocation : 35%
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Lead Manager: Cumulative Capital Private Limited
4) Om Power Transmission Limited IPO
Key IPO Details:
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DRHP Date: 30 September 2025
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SEBI Observation Issued: 13 February 2026
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IPO Type: Fresh Issue + Offer for Sale (OFS)
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Fresh Issue: Up to 0.90 crore equity shares
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Offer for Sale: Up to 0.10 crore equity shares
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Total Offer Size: Up to 1.00 crore equity shares
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Face Value: ₹10 per share
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Retail Allocation: 35%
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Lead Manager: Beeline Capital Advisors Private Limited
5) Duroflex Ltd. IPO
Key IPO Details:
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DRHP Date: 15 October 2025
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SEBI Observation Issued: 12 February 2026
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IPO Type: Fresh Issue + Offer for Sale (OFS)
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Fresh Issue Size: Up to ₹183.60 crore
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Offer for Sale: Up to 2.26 crore equity shares
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Face Value: ₹1 per share
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Retail Allocation: 10%
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Employee Quota: Yes
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Lead Manager: JM Financial Institutional Securities Ltd.
What Does SEBI Observation Letter Mean?
SEBI issuing an observation letter means the company has successfully cleared SEBI’s review process. After this, the company can file its RHP (Red Herring Prospectus) and finalize:
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IPO opening & closing dates
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IPO price band
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Anchor investor allocation
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Allotment timeline
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Listing date on NSE/BSE
This step is widely seen as a strong indicator that the IPO may launch soon.
IPO Launch Timeline: What Happens Next?
Now that SEBI approval is received, these companies are expected to proceed with the next steps:
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Filing of RHP
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Finalizing valuation and issue pricing
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Announcement of IPO dates
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IPO subscription window opens
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Share allotment and listing
SEBI has issued IPO observation letters to Premier Industrial Corporation, Virupaksha Organics, Hexagon Nutrition, Om Power Transmission, and Duroflex Ltd., confirming that these companies are now eligible to move forward with their IPO launch.
With key reservation details like 35% allocation in most issues, and employee quotas available in Virupaksha and Duroflex, these IPOs are expected to attract strong attention in the primary market.
Investors should now watch out for the next big update — RHP filing and IPO date announcement.
SEBI Approved IPO ALL LIST – SEBI Approved IPO List | Mainboard IPOs in India | Approval Status List
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