A fresh update from market regulator SEBI reveals that several companies have received observations during the week, which indicates that their IPO applications are moving forward. SEBI observations are an important milestone in the IPO process, as they show that the regulator has reviewed the draft documents and provided its feedback. After receiving these observations, companies can proceed with finalising their Red Herring Prospectus (RHP). This also allows them to start planning the timeline and other key details for launching their public issue in the market.
According to the latest data, the following IPOs received SEBI observations during the week:
Silverton Industries Limited Coordinating Lead Manager: Pantomath Capital Advisors IPO Type: Fresh Issue + OFS SEBI observations issued on 12 January 2026
Supreet Chemicals Limited Coordinating Lead Manager: IIFL Capital Services IPO Type: Fresh Issue Only SEBI observations issued on 16 January 2026
CJ Darcl Logistics Limited Coordinating Lead Manager: ICICI Securities IPO Type: Fresh Issue + OFS SEBI observations issued on 14 January 2026
Gaudium IVF and Women Health Limited Coordinating Lead Manager: Sarthi Capital Advisors IPO Type: Fresh Issue + OFS SEBI observations issued on 15 January 2026
Runwal Developers Limited Coordinating Lead Manager: ICICI Securities IPO Type: Fresh Issue + OFS SEBI observations issued on 13 January 2026
Lalbaba Engineering Limited Coordinating Lead Manager: IIFL Capital Services IPO Type: Fresh Issue + OFS SEBI observations issued on 13 January 2026
Augmont Enterprises Limited Coordinating Lead Manager: Nuvama Wealth Management IPO Type: Fresh Issue + OFS SEBI observations issued on 12 January 2026
Issue Withdrawn / Returned
Deon Energy Limited, managed by Smart Horizon Capital Advisors, had its IPO withdrawn/returned on 08 January 2026.
This means the company will not be moving forward with its public issue process at this stage. Such withdrawals usually happen due to internal company decisions, market conditions, or regulatory-related reasons. With the IPO returned, Deon Energy may refile its offer documents in the future if it plans to raise funds again. For now, the IPO has been officially taken off SEBI’s active list.
What This Means for Investors
SEBI observations are considered a crucial regulatory milestone and are often viewed as a positive signal for companies planning to launch an IPO. Once a company receives SEBI’s observations, it can move ahead with finalising key issue-related details such as the final offer structure, price band, and other important disclosures in the Red Herring Prospectus (RHP).
After this, companies can officially announce their IPO dates and start marketing the issue to investors through roadshows and other promotional activities. With multiple companies receiving SEBI observations in the same week, it clearly shows that India’s IPO pipeline remains strong and active. This also indicates that several new IPO launches and stock market listings could take place in the coming weeks or months.
