Kolkata: SEBI has given the green light to as many as five mainboard public issues. These are Premier Industrial Corporation IPO, Duroflex IPO, Virupaksha Organics IPO, Hexagon Nutrition IPO and Om Power Transmission IPO. According to the details available, some IPOs will issue fresh shares, while others will include OFS (offer for sale) segments too. The funds raised will be used for expansion, capex and working capital needs.
All these companies have recently received “observation letters” from the capital markets regulator. In IPO jargon, “observation” means that the regulator has reviewed the company’s draft documents and can now proceed with the public issue. The funds raised will be used for expansion, capital expenditure, working capital and in some cases, a partial sale of promoter stake. Let’s have a look at the issues that Sebi has approved.
Premier Industrial Corporation IPO
Premier Industrial Corporation’s IPO will be a mix of a fresh issue and OFS. The company received SEBI approval on February 10. A total of 27.9 million equity shares will be issued, of which 22.5 million will be through a fresh issue, while 5.4 million shares will be sold through OFS. Arvind Chhotalal Morjaria, Dilip Chhotalal Morjaria, Subhash Chhotalal Morjaria, Lalit Navinchandra Morjaria, and Nirmala Navinchandra Morjaria will sell their stakes in the OFS.
According to the proposal, the proceeds will be used to set up a new wire manufacturing unit in Raigad, Maharashtra and expand its existing plant in Wada, Palghar. The funds will also be used for working capital and general corporate needs. Unistone Capital Private Limited is the sole book-running lead manager for the issue.
Duroflex IPO
Duroflex is a major in the sleep and comfort solutions companies and among the top three in the mattress market. The company sells mattresses, foam, furniture, pillows, and other bedding products under brands such as Duroflex, Sleepyhead, and Perfect Rest. Duroflex’s IPO will also be a mix of a fresh issue and an offer for sale (OFS). The company received SEBI approval on February 12. The fresh issue will raise shares worth up to Rs 184 crore, while promoters and existing investors will sell 22.5 million equity shares through an OFS. As of June 30, 2025, the company had 73 company-owned stores, more than 5,576 retail outlets and a strong digital network.
Virupaksha Organics IPO
Virupaksha Organics’ IPO will comprise fresh shares only. The company plans to raise Rs 740 crore. It received SEBI approval on February 12. It is a research-based Indian pharma company. Axis Capital and SBI Capital Markets will be the book running lead managers for the issue.
Hexagon Nutrition IPO
The company manufactures research-based products in segments such as micronutrient premixes, clinical nutrition, wellness products, and ready-to-use foods. Hexagon Nutrition’s public issue will be entirely an OFS. The company received SEBI approval on February 10. The promoters—Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Nutan Subhash Kelkar, and Aditya Kelkar—will sell approximately 30.8 equity shares. Cumulative Capital and Catalyst Capital Partners are the lead managers for the IPO.
Om Power Transmission IPO
Om Power Transmission’s IPO will also be a mix of a fresh issue and OFS. It provides engineering, procurement, and construction services in the power transmission infrastructure sector. The company’s core competence lies in completing high voltage (HV) and extra high voltage (EHV) transmission lines, substations, and underground cabling projects on a turnkey basis.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
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