Processing Status : Issues

PROCESSING STATUS OF DRAFT OFFER DOCUMENTS As on April 17, 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: Last Date of S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Communication RK Steel Manufacturing Company 1 GYR Capital Advisors IPO (Fresh Only) 01 October 2025 07 April 2026 Limited Motilal Oswal Investment Advisors 2 Aspri Spirits Limited IPO (Fresh + OFS) 12 December 2025 24 March 2026 Ltd. Pantomath Capital Advisors Private 3 RENNY STRIPS LIMITED IPO (Fresh + OFS) 17 December 2025 02 April 2026 Limited 4 Crystal Crop Protection Limited IIFL Capital Services Ltd IPO (Fresh + OFS) 18 December 2025 30 March 2026 5 SHIVGANGA DRILLERS LIMITED Aryaman Financial Services Limited IPO (Fresh Only) 19 December 2025 17 April 2026 6 Yatayat Corporation India Limited Unistone Capital Private Limited IPO (Fresh + OFS) 29 December 2025 16 April 2026 Motilal Oswal Investment Advisors 7 Casagrand Premier Builder Limited IPO (Fresh + OFS) 30 December 2025 06 March 2026 Limited Motilal Oswal Investment Advisors 8 Surgiwear Limited IPO (Fresh + OFS) 30 December 2025 30 March 2026 Limited 9 Horizon Industrial Parks Limited JM Financial Limited IPO (Fresh Only) 01 January 2026 02 March 2026 NEOLITE ZKW LIGHTINGS 10 Anand Rathi Advisors Limited IPO (Fresh + OFS) 02 January 2026 09 April 2026 LIMITED MEHTA HITECH INDUSTRIES Beeline Capital Advisors Private 11 IPO (Fresh Only) 02 January 2026 17 April 2026 LIMITED Limited 12 Zepto Limited Axis Capital Ltd. Pre-filing 02 January 2026 18 February 2026 Choice Capital Advisors Private 13 Hindustan Laboratories Limited IPO (Fresh + OFS) 06 January 2026 23 March 2026 Limited 14 Veegaland Developers Limited Cumulative Capital Private Limited IPO (Fresh Only) 09 January 2026 09 April 2026 15 Rodec Pharma Ltd. Khambatta Securities Ltd. IPO (OFS Only) 20 January 2026 10 April 2026 16 Kanohar Electricals Limited Nuvama Wealth Management Ltd. IPO (Fresh + OFS) 27 January 2026 25 March 2026 Bombay Coated and Speicla Steels 17 Smart Horizon IPO (Fresh Only) 30 January 2026 10 April 2026 Limited 18 Dhoot Transmission Limited Axis Capital Limited IPO (Fresh + OFS) 02 February 2026 15 April 2026 Choice Capital Advisors Private 19 SRIT India Limited IPO (Fresh) 02 February 2026 14 March 2026 Limited Nuvama Wealth Management 20 MARRI RETAIL LIMITED IPO (Fresh + OFS) 03 February 2026 30 March 2026 Limited 21 Bonfiglioli Transmissions Limited Axis Capital Limited IPO (OFS Only) 11 February 2026 02 April 2026 Swaraj Green Power and Fuel 22 Centrum Capital Limited IPO (Fresh + OFS) 16 March 2026 17 April 2026 Limited Kotak Mahindra Capital Company 23 SBI Funds Management Limited IPO (OFS Only) 19 March 2026 19 March 2026 Limited 24 RKB Global Limited Aryaman Financial Services Limited IPO (Fresh + OFS) 20 March 2026 20 March 202625 Trenzet Infra Limited Unistone Capital Limited IPO (Fresh + OFS) 23 March 2026 23 March 2026 26 Truhome Finance Ltd. JM Financial Ltd. IPO (Fresh + OFS) 24 March 2026 10 April 2026 Kotak Mahindra Capital Company 27 Manipal Health Enterprises IPO (Fresh + OFS) 25 March 2026 25 March 2026 Limited 28 Sathya Agencies Limited Anand Rathi Advisors Limited IPO (Fresh + OFS) 30 March 2026 08 April 2026 29 Laxyo Limited Indorient Financial Services Limited IPO (Fresh Only) 30 March 2026 30 March 2026 Sohan Lal Commodity Management Pantomath Capital Advisors Private 30 Pre-filing 31 March 2026 31 March 2026 Limited Limited 31 Rediff.com India Limited Keynote Financial Services Limited IPO (Fresh Only) 31 March 2026 31 March 2026 32 AGS Health Limited ICICI Securities Limited IPO (Fresh + OFS) 31 March 2026 07 April 2026 33 Bvishal Oil and Energy Limited Unistone Capital Private Limited IPO (Fresh + OFS) 31 March 2026 08 April 2026 Monomark Engineering (India) 34 Holani Consultants Private Ltd. IPO (Fresh Only) 01 April 2026 16 April 2026 Limited 35 Synergy Advanced Metals Limited Ambit Pvt. Ltd. Pre-filing 01 April 2026 01 April 2026 Expression 360 Services India Smart Horizon Capital Advisors Pvt 36 IPO (OFS Only) 01 April 2026 01 April 2026 Limited Ltd Chandan Steel Limited Motilal Oswal Investment Advisors 37 Pre-filing 02 April 2026 02 April 2026 (Confidential) Ltd. SNVA Traveltech Limited 38 Equirus Capital Private Limited Pre-filing 02 April 2026 02 April 2026 (Confidential) 39 Pioneer Fil-med Ltd. Nuvama Investment Banking IPO (Fresh + OFS) 02 April 2026 02 April 2026 40 Gujarat Victory Forgings Limited Monarch Networth Capital Limited IPO (Fresh + OFS) 07 April 2026 06 April 2026 41 Sadbhav Futuretech Limited Beeline Capital Advisors Pvt. Ltd. IPO (Fresh + OFS) 07 April 2026 07 April 2026 ADROIT INDUSTRIES INDIA 42 Choice Capital Advisors Pvt. Ltd. IPO (Fresh + OFS) 07 April 2026 07 April 2026 LIMITED 43 Intellius Recode Limited Inga Ventures Pvt. Ltd. IPO (Fresh + OFS) 07 April 2026 07 April 2026 Choice Capital Advisors Private 44 Nityas Gems and Jewellery Limited IPO (Fresh Only) 07 April 2026 06 April 2026 Limited Sobhagya Capital Options Private 45 T.C. Terrytex Limited IPO (Fresh + OFS) 09 April 2026 09 April 2026 Limited 46 Absolute Projects India Limited Cumulative Capital Private Limited IPO (Fresh Only) 09 April 2026 09 April 2026 II. 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 Advisors Private 1 Cotec Healthcare Limited IPO (Fresh + OFS) 19 September 2025 14 April 2026 Limited 2 Sterlite Electric Limited Axis Capital Limited IPO (Fresh + OFS) 03 October 2025 09 April 2026 3 Hotel Polo Towers Limited Equirus Capital Private Limited IPO (Fresh + OFS) 08 October 2025 09 February 2026 4 MV Electrosystems Ltd. Sundae Capital Advisors Pvt. Ltd. IPO (Fresh Only) 10 December 2025 07 April 2026 Nuvama Wealth Management 5 Jakson Green Limited Pre-filing 26 December 2025 08 April 2026 Limited 6 WOG Technologies Limited Unistone Capital Pvt. Ltd. IPO (Fresh + OFS) 29 December 2025 17 April 2026 7 Tonbo Imaging India Limited JM Financial Limited IPO (OFS Only) 30 December 2025 14 April 2026 8 Oravel Stays Limited Axis Capital Limited Pre-filing 01 January 2026 09 April 2026 9 Krishna Buildspace Limited Mefcom Capital Markets Ltd IPO (Fresh + OFS) 02 January 2026 17 April 2026 Emkay Global Financial Services 10 Deepa Jewellers Ltd. IPO (Fresh + OFS) 02 January 2026 09 April 2026 Ltd. 11 SS Retail Limited Anand Rathi Advisors Limited IPO (Fresh + OFS) 05 January 2026 16 April 2026 12 Shreni Shares Limited Aryaman Financial Services Limited IPO (Fresh + OFS) 04 March 2026 09 April 202613 Sunil Gold India Limited Unistone Capital Private Limited IPO (Fresh + OFS) 09 March 2026 10 April 2026 14 Moneyview Limited Axis Capital Ltd IPO (Fresh + OFS) 09 March 2026 13 April 2026 15 PGP Glass Limited Axis Capital Ltd Pre-filing 18 March 2026 10 April 2026 16 Polite Powertech Limited Arihant Capital Markets Limited IPO (Fresh + OFS) 23 March 2026 17 April 2026 17 Torrent Gas Ltd. Axis Capital Ltd. Pre-filing 25 March 2026 17 April 2026 18 Bharat PET Limited Equirus Capital (P) Limited IPO (Fresh + OFS) 25 March 2026 13 April 2026 Zetwerk Manufacturing Business Kotak Mahindra Capital Company 19 Pre-filing 01 April 2026 10 April 2026 Ltd. Limited Motilal Oswal Investment Advisors 20 Rentomojo Limited IPO (Fresh + OFS) 01 April 2026 15 April 2026 Limited Systematix Corporate Services 21 COSMIC PV POWER LIMITED IPO (Fresh + OFS) 02 April 2026 17 April 2026 Limited 22 GARUDA AEROSPACE LIMITED IIFL Capital Pre-filing 07 April 2026 17 April 2026 III) In-principle approval from Exchanges are awaited: Last Date of S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Communication 1 Jainam Broking Limited Intensive Financial Services Limited Pre-filing 07 October 2025 01 April 2026 IV) Comments sought from other regulators / Government agencies and response S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication 1 EAAA India Alternatives Limited Axis Capital Limited IPO (OFS Only) 21 January 2026 20 March 2026 2 Advanta Enterprises Limited JM Financial Limited IPO (OFS Only) 22 January 2026 13 April 2026 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: Observation letter issued / S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt withdrawn / returned Smart Horizon Capital Advisors Observations issued during 1 Grand Housing Limited IPO (OFS Only) 08 October 2025 Private Ltd the Week on 17-04-2026 Observations issued during 2 Avaada Electro Limited ICICI Securities Limited Pre-filing 20 October 2025 the Week on 15-04-2026 Choice Capital Advisors Private Observations issued during 3 Sonaselection India Limited IPO (Fresh Only) 17 December 2025 Limited the Week on 16-04-2026 Saffron Capital Advisors Private Observations issued during 4 Vishal Nirmiti Limited IPO (Fresh + OFS) 08 January 2026 Limited the Week on 09-04-2026 ----------------------------------------------------------------------------------------------------------------------------