Processing Status : Issues

PROCESSING STATUS OF DRAFT OFFER DOCUMENTS As on March 20, 2026 SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 require every issuer, being an unlisted company desirous of making an initial public offer, to file a draft offer document with SEBI through a merchant banker(s). The merchant banker(s) correspond with SEBI on behalf of the issuer. Given below is the processing status of draft offer documents filed with SEBI on which observations are yet to be issued. The report is being updated on a weekly basis. In case the draft offer document has remained unattended or there is an inordinate delay, the LM/Issuer should not hesitate to write to the Chief General Manager, Shri Deep Mani Shah (deepmanis@sebi.gov.in) or the Executive Director, Shri Jeevan Sonparote (jeevans@sebi.gov.in). I. Draft Offer Document under process in SEBI: S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication Shah Investor's Home Beeline Capital Advisors 1 IPO (Fresh Only) 30 September 2025 18 March 2026 Limited Private Limited RK Steel Manufacturing 2 GYR Capital Advisors IPO (Fresh Only) 01 October 2025 16 March 2026 Company Limited Vishvaraj Environment 3 JM Financial Limited IPO (Fresh + OFS) 08 October 2025 16 February 2026 Limited Equirus Capital Private 4 Hotel Polo Towers Limited IPO (Fresh + OFS) 08 October 2025 09 February 2026 Limited DAM Capital Advisors 5 Prasol Chemicals Limited IPO (Fresh + OFS) 27 October 2025 20 March 2026 Limited NoPaperForms Solutions IIFL Capital Services 6 IPO (Fresh + OFS) 11 November 2025 05 March 2026 Limited Limited Sundae Capital Advisors 7 MV Electrosystems Ltd. IPO (Fresh Only) 10 December 2025 17 March 2026 Pvt. Ltd. Motilal Oswal 8 Aspri Spirits Limited IPO (Fresh + OFS) 12 December 2025 11 March 2026 Investment Advisors Ltd. SHIVGANGA DRILLERS Aryaman Financial 9 IPO (Fresh Only) 19 December 2025 27 February 2026 LIMITED Services Limited WOG Technologies Unistone Capital Pvt. 10 IPO (Fresh + OFS) 29 December 2025 11 February 2026 Limited Ltd. Motilal Oswal 11 Surgiwear Limited Investment Advisors IPO (Fresh + OFS) 30 December 2025 06 March 2026 Limited Motilal Oswal Casagrand Premier 12 Investment Advisors IPO (Fresh + OFS) 30 December 2025 06 March 2026 Builder Limited Limited 13 Oravel Stays Limited Axis Capital Limited Pre-filing 01 January 2026 18 March 2026 MEHTA HITECH Beeline Capital Advisors 14 IPO (Fresh Only) 02 January 2026 09 March 2026 INDUSTRIES LIMITED Private Limited Emkay Global Financial 15 Deepa Jewellers Ltd. IPO (Fresh + OFS) 02 January 2026 02 March 2026 Services Ltd. Krishna Buildspace Mefcom Capital Markets 16 IPO (Fresh + OFS) 02 January 2026 17 February 2026 Limited Ltd NEOLITE ZKW Anand Rathi Advisors 17 IPO (Fresh + OFS) 02 January 2026 13 March 2026 LIGHTINGS LIMITED Limited Saffron Capital Advisors 18 Vishal Nirmiti Limited IPO (Fresh + OFS) 08 January 2026 03 February 2026 Private Limited Veegaland Developers Cumulative Capital 19 IPO (Fresh Only) 09 January 2026 20 March 2026 Limited Private Limited Bombay Coated and 20 Smart Horizon IPO (Fresh Only) 30 January 2026 06 March 2026 Speicla Steels Limited Dhoot Transmission 21 Axis Capital Limited IPO (Fresh + OFS) 02 February 2026 12 March 2026 Limited Bonfiglioli Transmissions 22 Axis Capital Limited IPO (OFS Only) 11 February 2026 05 March 2026 Limited Aryaman Financial 23 Shreni Shares Limited IPO (Fresh + OFS) 04 March 2026 04 March 2026 Services Limited Unistone Capital Private 24 Sunil Gold India Limited IPO (Fresh + OFS) 09 March 2026 09 March 2026 Limited 25 Moneyview Limited Axis Capital Ltd IPO (Fresh + OFS) 09 March 2026 09 March 2026 Swaraj Green Power and 26 Centrum Capital Limited IPO (Fresh + OFS) 16 March 2026 16 March 2026 Fuel LimitedII. Clarifications are sought by SEBI and response from LM is awaited: S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication Pantomath Capital 1 Cotec Healthcare Limited IPO (Fresh + OFS) 19 September 2025 06 March 2026 Advisors Private Limited 2 Sterlite Electric Limited Axis Capital Limited IPO (Fresh + OFS) 03 October 2025 27 February 2026 Smart Horizon Capital 3 Grand Housing Limited IPO (OFS Only) 08 October 2025 11 February 2026 Advisors Private Ltd 4 Avaada Electro Limited ICICI Securities Limited Pre-filing 20 October 2025 04 March 2026 5 SAEL Industries Limited ICICI Securities Limited IPO (Fresh + OFS) 06 November 2025 12 March 2026 Sonaselection India Choice Capital Advisors 6 IPO (Fresh Only) 17 December 2025 13 March 2026 Limited Private Limited Pantomath Capital 7 RENNY STRIPS LIMITED IPO (Fresh + OFS) 17 December 2025 13 March 2026 Advisors Private Limited Crystal Crop Protection 8 IIFL Capital Services Ltd IPO (Fresh + OFS) 18 December 2025 27 March 2026 Limited Symbiotec Pharmalab 9 JM Financial Limited IPO (Fresh + OFS) 23 December 2025 13 March 2026 Limited Nuvama Wealth 10 Jakson Green Limited Pre-filing 26 December 2025 12 March 2026 Management Limited Yatayat Corporation India Unistone Capital Private 11 IPO (Fresh + OFS) 29 December 2025 16 March 2026 Limited Limited Tonbo Imaging India 12 JM Financial Limited IPO (OFS Only) 30 December 2025 20 March 2026 Limited Horizon Industrial Parks 13 JM Financial Limited IPO (Fresh Only) 01 January 2026 02 March 2026 Limited 14 Zepto Limited Axis Capital Ltd. Pre-filing 02 January 2026 18 February 2026 Anand Rathi Advisors 15 SS Retail Limited IPO (Fresh + OFS) 05 January 2026 17 March 2026 Limited Hindustan Laboratories Choice Capital Advisors 16 IPO (Fresh + OFS) 06 January 2026 18 March 2026 Limited Private Limited EAAA India Alternatives 17 Axis Capital Limited IPO (OFS Only) 21 January 2026 18 February 2026 Limited Kanohar Electricals Nuvama Wealth 18 IPO (Fresh + OFS) 27 January 2026 13 March 2026 Limited Management Ltd. Choice Capital Advisors 19 SRIT India Limited IPO (Fresh) 02 February 2026 02 March 2026 Private Limited Nuvama Wealth 20 MARRI RETAIL LIMITED Management IPO (Fresh + OFS) 03 February 2026 04 March 2026 Limited III) In-principle approval from Exchanges are awaited: S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication Intensive Financial 1 Jainam Broking Limited Pre-filing 07 October 2025 09 March 2026 Services Limited Jindal Supreme (India) Sarthi Capital Advisors 2 IPO (Fresh + OFS) 10 December 2025 27 January 2026 Ltd. Pvt. Ltd. Khambatta Securities 3 Rodec Pharma Ltd. IPO (OFS Only) 20 January 2026 13 March 2026 Ltd.IV) Comments sought from other regulators / Government agencies and S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication Advanta Enterprises 1 JM Financial Limited IPO (OFS Only) 22 January 2026 04 March 2026 Limited V) Issuance of observations kept in abeyance: S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication VI) Observations issued / withdrawn / returned during the week: S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Observation letter issued / ---------------------------------------------------------------------------------------------------------------------------