In a significant development for the Indian capital markets, SEBI has issued observation letters to 13 companies during the week ending January 23, 2026, paving the way for their upcoming public offerings. Among these, two companies—Jay Jagdamba Limited and Hella Infra Market Ltd.—have filed under the confidential (pre-filing) route, while the remaining 11 companies are proceeding through the normal IPO process.
This marks a crucial milestone for these firms, as receiving an observation letter from SEBI indicates that the regulator has reviewed their draft prospectus and the companies can now move forward with finalizing their Red Herring Prospectus (RHP), marketing, and roadshows. Investors can now expect detailed disclosures on the issue size, pricing, use of proceeds, and promoters’ shareholding once the RHP is made public. With market conditions being favorable, these IPOs are poised to attract strong investor interest.
Below is the detailed list of companies that have received SEBI approval or observation letters during the week:
Jay Jagdamba Limited (Pre-Filing)
Prospectus Filed: June 30, 2025
SEBI Approval / Observation: January 23, 2026
Transline Technologies Limited (OFS)
Prospectus Filed: August 13, 2025
SEBI Approval / Observation: January 22, 2026
UKB Electronics Limited (Fresh + OFS)
Prospectus Filed: September 4, 2025
SEBI Approval / Observation: January 23, 2026
CMR Green Technologies Limited (OFS)
Prospectus Filed: September 9, 2025
SEBI Approval / Observation: January 22, 2026
Medicap Healthcare Limited (Fresh)
Prospectus Filed: September 23, 2025
SEBI Approval / Observation: January 23, 2026
Purple Style Labs Limited (Fresh)
Prospectus Filed: September 25, 2025
SEBI Approval / Observation: January 23, 2026
Oswal Cables Limited (Fresh + OFS)
Prospectus Filed: September 30, 2025
SEBI Approval / Observation: January 19, 2026
BVG India Limited (Fresh + OFS)
Prospectus Filed: October 1, 2025
SEBI Approval / Observation: January 23, 2026
Pride Hotels Limited (Fresh + OFS)
Prospectus Filed: October 8, 2025
SEBI Approval / Observation: January 16, 2026
Sai Parenterals Limited (Fresh + OFS)
Prospectus Filed: October 8, 2025
SEBI Approval / Observation: January 21, 2026
Commtel Networks Limited (Fresh + OFS)
Prospectus Filed: October 8, 2025
SEBI Approval / Observation: January 22, 2026
Hella Infra Market Ltd. (Pre-Filing)
Prospectus Filed: October 14, 2025
SEBI Approval / Observation: January 23, 2026
Sify Infinit Spaces Limited (Fresh + OFS)
Prospectus Filed: October 20, 2025
SEBI Approval / Observation: January 23, 2026
Once SEBI issues an observation letter, each company typically gets up to one year to launch its IPO from the date of approval. During this period, the timing of the public issue depends entirely on the company and its merchant bankers. They can choose to move ahead with filing the final Red Herring Prospectus (RHP) whenever they feel market conditions are favorable. This flexibility allows companies to plan their launch strategically—either to benefit from bullish sentiment or to wait for stronger valuations. Until the RHP is filed, details like the price band, lot size, and exact issue dates remain undisclosed. In short, while SEBI’s observation clears the regulatory path, the final call on the IPO timeline is now in the hands of the respective companies.
Also Read – Blackstone explores India – PGP Glass IPO; issue size may be around $500 million
Also Read – EAAA India Alternatives Re-Files IPO Plan | DRHP with Shareholder Quota IPO— Second Attempt After Withdrawal
1 thought on “SEBI Approved IPO : 13 New IPO Get SEBI Approval For Their Upcoming IPO ; Here is the List”