Runwal Developers, along with engineering solutions provider Lalbaba Engineering and the gold and silver platform Augmont Enterprises, has obtained approval from Sebi to raise funds via IPOs, as stated in an update released by the regulator on Friday.
Additionally, other companies that have received regulatory clearance include Supreet Chemicals, a specialty chemicals manufacturer, Sillverton Industries, an eco-friendly paper producer, CJ Darcl Logistics, a logistics services provider, and Gaudium IVF, along with Women Health Ltd. These seven companies submitted their draft initial public offering (IPO) documents between June and October and received Sebi’s observations from January 12 to 15.
In regulatory terms, the receipt of observations permits companies to advance with their public offerings. In a related development, Deon Energy has retracted its draft IPO documents.
Runwal Developers intends to raise Rs 2,000 crore through its inaugural public issue, which includes a fresh issue of shares valued at Rs 1,700 crore and an offer for sale (OFS) of Rs 300 crore by promoter Sandeep Subhash Runwal, according to the draft red herring prospectus (DRHP).
The funds from the fresh issue will be allocated to repay debts incurred by the company and its subsidiaries, as well as for general corporate purposes. Lalbaba Engineering, based in Kolkata, aims to raise Rs 1,000 crore through its IPO, which encompasses a fresh issue of Rs 630 crore and an OFS of Rs 370 crore by its promoters. The proceeds from the fresh issue will be directed towards capital expenditures for the expansion of its Haldia facility, repayment or prepayment of borrowings, and general corporate purposes.
Augmont Enterprises, an integrated platform for gold and silver, seeks to raise Rs 800 crore through an IPO, which includes a fresh issue of Rs 620 crore and an OFS of Rs 180 crore. The funds will be utilized to satisfy working capital needs, including procurement and inventory maintenance, advance margin requirements, and general corporate expenses.
Supreet Chemicals aims to raise Rs 499 crore through a completely new issue of equity shares, without any Offer for Sale (OFS) component. The company intends to allocate the funds towards its greenfield project, debt reduction, and general corporate expenses.
Sillverton Industries’ initial public offering (IPO) will consist of a new issue of shares valued at Rs 300 crore, along with an OFS of 3.22 crore equity shares from its promoters. The capital raised will be directed towards capital expenditures for sustainability projects at its current manufacturing site, which includes the establishment of a 14 MW waste-to-energy captive power plant and a compressed biogas facility.
CJ Darcl Logistics’ proposed public offering features a fresh issue of up to 2.64 crore equity shares, in addition to an OFS of 99.05 lakh shares from its promoters. The funds generated from the fresh issue will be utilized for equipment acquisition and debt repayment. Gaudium IVF and Women Health is planning an IPO that includes a fresh issue of 1.14 crore equity shares and an OFS of approximately 95 lakh shares from promoter Manika Khanna.
The company plans to use the proceeds from the fresh issue for capital expenditures amounting to Rs 50 crore to establish 19 new IVF centers throughout India, as well as for the repayment or prepayment of borrowings totaling Rs 20 crore, and for general corporate purposes. These approvals are granted in the context of a remarkable year for the primary market.
In 2025, companies successfully raised a record nearly Rs 1.76 lakh crore through IPOs, fueled by robust domestic liquidity, strong investor sentiment, and a favorable macroeconomic climate. This amount surpassed the Rs 1.6 lakh crore raised by 90 companies in 2024 and the Rs 49,436 crore collected by 57 firms in 2023.
