SEBI IPO Approvals This Week: AVPL, Rotomag & 5 Others Received Go Ahead, While One IPO Is Returned

The Indian major market is witnessing a big surge in exercise because the Securities and Exchange Board of India (SEBI) cleared the decks for seven corporations to launch their Initial Public Offerings (IPOs). While seven corporations acquired the inexperienced sign, one IPO proposal was returned or withdrawn. Here is an in depth take a look at the seven corporations that acquired SEBI IPO approvals this week:

1. HD Fire Protect IPO Approval

Mumbai-based HD Fire Protect has acquired the regulator’s nod for its public itemizing. The firm is a veteran within the fireplace safety business with over 4 many years of expertise. Its product portfolio is in depth, protecting water, foam, and gas-based fireplace suppression methods used throughout infrastructure, manufacturing, and industrial sectors. The firm operates two manufacturing amenities in Maharashtra and is presently increasing its manufacturing capability with a brand new unit in Thane and an R&D middle in Jalgaon.

The Draft Red Herring Prospectus (DRHP) for this situation was filed on 26 September 2025, and SEBI issued its observations on 29 January 2026. This IPO is structured as an Offer for Sale (OFS Only) involving 2.63 crore fairness shares by the promoters, Harish Narshi Dharamshi and Kusum Dharamshi.

2. Xtranet Technologies Approval

Xtranet Technologies, an IT providers and digital options supplier, is ready to enter the capital markets following SEBI’s approval. Incorporated in 2002, the Bhopal-based firm focuses on ITeS, software program growth, information administration, and BPO/KPO providers. Xtranet has constructed a distinct segment in offering digital signatures and specialised IT infrastructure administration.

The firm filed its DRHP with the regulator on 29 September 2025, and the approval was granted on 30 January 2026. The situation is a Fresh Only IPO. The IPO dimension at round INR 190 crore. Xtranet had a pre-issue fairness quantity of roughly INR 39.15 crore.

3. Parijat Industries IPO Approval

Parijat Industries India, a outstanding participant within the agrochemical sector, has cleared the regulatory hurdle for its IPO. With a presence in over 20 Indian states and exports to 65 nations, Parijat is a research-driven producer of pesticides, herbicides, and fungicides. The firm operates three manufacturing models and 7 in-house R&D laboratories, holding over 500 worldwide product registrations. This huge geographical footprint and diversified product portfolio make it a big addition to the listed agrochemical house.

The DRHP was filed on 29 September 2025, and SEBI issued the statement letter on 29 January 2026. The IPO is a Fresh Issue + OFS sort. The contemporary situation element is valued at INR 160 crore, whereas the OFS consists of as much as 2.04 crore fairness shares from present shareholders. The firm intends to make the most of INR 121.60 crore from the contemporary proceeds to repay its borrowings.

4. Rotomag Enertec IPO Approval

Rotomag Enertec, a Gujarat-based producer of renewable vitality options and industrial drives, has acquired the go-ahead from SEBI. Backed by BanyanTree Growth Capital, the corporate focuses on DC motors, photo voltaic pumps, and inverters. Its merchandise are essential for sectors akin to electrical autos, agriculture, and textiles. Rotomag operates six meeting and testing amenities and has benefited considerably from the worldwide shift towards inexperienced vitality and home photo voltaic initiatives just like the PM-KUSUM scheme.

The firm submitted its draft papers on 29 September 2025 and acquired approval on 30 January 2026. The IPO is a Fresh Issue + OFS with a complete contemporary situation dimension of INR 500 crore, alongside an OFS of 2.40 crore fairness shares. The firm may additionally contemplate a pre-IPO placement of INR 100 crore.

5. CSM Technologies IPO Approval

CSM Technologies, a GovTech pioneer, is prepared for its debut on the bourses. The firm gives specialised IT options for presidency digital transformation, together with e-governance platforms and citizen service portals. With a presence in 12 nations, CSM has developed proprietary applied sciences akin to AI mannequin orchestration and patented ore sampling methods. Its deal with high-entry-barrier authorities contracts and its established popularity within the worldwide GovTech market present it with a aggressive edge.

The DRHP for CSM Technologies was filed on 6 October 2025, and approval was granted on 28 January 2026. The situation is a Fresh Only IPO comprising 1.29 crore fairness shares. The proceeds will probably be utilized to fund working capital necessities (INR 53 crore) and for the compensation of borrowings (INR 25.88 crore).

6. Eldeco Infrastructure IPO Approval

Leading North Indian actual property developer Eldeco Infrastructure and Properties has secured SEBI approval for a large public situation. The firm has a 25-year legacy and has delivered 86 tasks throughout residential townships and group housing. As of March 2025, Eldeco has 19 ongoing and 18 forthcoming tasks, representing over 14 million sq. toes of saleable space. The developer is especially sturdy within the Delhi-NCR area and tier-II/III cities throughout North India.

Eldeco filed its draft papers on 6 October 2025, and acquired the statement letter on 30 January 2026. The IPO is a Fresh Issue + OFS with a complete dimension of INR 1,000 crore. This features a contemporary situation of INR 800 crore and an OFS of INR 200 crore.

7. AVPL International IPO Approval

AITMC Ventures, working beneath the model AVPL International, has acquired approval by way of the confidential pre-filing route. The firm is a singular participant within the drone know-how and agricultural coaching house. It focuses on designing drones for protection, logistics, and agriculture, whereas additionally providing “drone-as-a-service” and talent growth coaching. AVPL is accredited by varied authorities our bodies like Skill India and NSDC, making it a essential contributor to the modernizing agricultural panorama in India.

The firm filed its confidential DRHP on 30 October 2025, and SEBI issued its observations on 30 January 2026.

Withdrawn/Returned IPO: While the week was profitable for a lot of, Associated Power Structures confronted a setback. The firm, which filed its DRHP on 29 September 2025 for a Fresh + OFS situation, noticed its proposal Withdrawn or Returned by SEBI on 30 January 2026. Such strikes usually happen when the regulator requires extra complete disclosures or if the corporate decides to revise its situation construction.

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