Processing Status : Issues

PROCESSING STATUS OF DRAFT OFFER DOCUMENTS As on March 6, 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 Beeline Capital Advisors 1 Shah Investor's Home Limited IPO (Fresh Only) 30 September 2025 17 February 2026 Private Limited RK Steel Manufacturing 2 GYR Capital Advisors IPO (Fresh Only) 01 October 2025 27 February 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 Anand Rathi Advisors 5 Rays Power Infra Limited IPO (Fresh + OFS) 13 October 2025 05 March 2026 Limited 6 SAEL Industries Limited ICICI Securities Limited IPO (Fresh + OFS) 06 November 2025 23 February 2026 NoPaperForms Solutions IIFL Capital Services 7 IPO (Fresh + OFS) 11 November 2025 05 March 2026 Limited Limited Motilal Oswal 8 Aspri Spirits Limited IPO (Fresh + OFS) 12 December 2025 05 March 2026 Investment Advisors Ltd. Choice Capital Advisors 9 Sonaselection India Limited IPO (Fresh Only) 17 December 2025 27 February 2026 Private Limited Pantomath Capital 10 RENNY STRIPS LIMITED IPO (Fresh + OFS) 17 December 2025 18 February 2026 Advisors Private Limited Crystal Crop Protection 11 IIFL Capital Services Ltd IPO (Fresh + OFS) 18 December 2025 05 March 2026 Limited SHIVGANGA DRILLERS Aryaman Financial 12 IPO (Fresh Only) 19 December 2025 27 February 2026 LIMITED Services Limited Motilal Oswal 13 Travelstack Tech Limited Investment Advisors IPO (Fresh + OFS) 19 December 2025 03 March 2026 Limited 14 Symbiotec Pharmalab Limited JM Financial Limited IPO (Fresh + OFS) 23 December 2025 04 February 2026 Nuvama Wealth 15 Jakson Green Limited Pre-filing 26 December 2025 02 February 2026 Management Limited Yatayat Corporation India Unistone Capital Private 16 IPO (Fresh + OFS) 29 December 2025 09 February 2026 Limited Limited Unistone Capital Pvt. 17 WOG Technologies Limited IPO (Fresh + OFS) 29 December 2025 11 February 2026 Ltd. Motilal Oswal Casagrand Premier Builder 18 Investment Advisors IPO (Fresh + OFS) 30 December 2025 04 February 2026 Limited Limited Motilal Oswal 19 Surgiwear Limited Investment Advisors IPO (Fresh + OFS) 30 December 2025 09 February 2026 Limited Emkay Global Financial 20 Deepa Jewellers Ltd. IPO (Fresh + OFS) 02 January 2026 02 March 2026 Services Ltd. MEHTA HITECH Beeline Capital Advisors 21 IPO (Fresh Only) 02 January 2026 18 February 2026 INDUSTRIES LIMITED Private Limited Mefcom Capital Markets 22 Krishna Buildspace Limited IPO (Fresh + OFS) 02 January 2026 11 February 2026 Ltd Anand Rathi Advisors 23 SS Retail Limited IPO (Fresh + OFS) 05 January 2026 21 February 2026 LimitedHindustan Laboratories Choice Capital Advisors 24 IPO (Fresh + OFS) 06 January 2026 27 February 2026 Limited Private Limited Saffron Capital Advisors 25 Vishal Nirmiti Limited IPO (Fresh + OFS) 08 January 2026 03 February 2026 Private Limited Veegaland Developers Cumulative Capital 26 IPO (Fresh Only) 09 January 2026 16 February 2026 Limited Private Limited Choice Capital Advisors 27 SRIT India Limited IPO (Fresh) 02 February 2026 02 March 2026 Private Limited 28 Dhoot Transmission Limited Axis Capital Limited IPO (Fresh + OFS) 02 February 2026 02 March 2026 Madhur Iron & Steel India Share India Capital 29 IPO (Fresh Only) 02 February 2026 27 February 2026 Limited Services Private Limited Bonfiglioli Transmissions 30 Axis Capital Limited IPO (OFS Only) 11 February 2026 11 February 2026 Limited 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 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 Saffron Capital Advisors 3 Arjun Jewellers Limited IPO (Fresh Only) 06 October 2025 25 February 2026 Private Limited Intensive Financial 4 Jainam Broking Limited Pre-filing 07 October 2025 05 March 2026 Services Limited Smart Horizon Capital 5 Grand Housing Limited IPO (OFS Only) 08 October 2025 11 February 2026 Advisors Private Ltd Learnfluence Education Saffron Capital Advisors 6 IPO (Fresh + OFS) 10 October 2025 04 March 2026 Limited Private Limited 7 Avaada Electro Limited ICICI Securities Limited Pre-filing 20 October 2025 04 March 2026 DAM Capital Advisors 8 Prasol Chemicals Limited IPO (Fresh + OFS) 27 October 2025 04 March 2026 Limited Sundae Capital Advisors 9 MV Electrosystems Ltd. IPO (Fresh Only) 10 December 2025 05 March 2026 Pvt. Ltd. 10 Tonbo Imaging India Limited JM Financial Limited IPO (OFS Only) 30 December 2025 06 March 2026 11 Oravel Stays Limited Axis Capital Limited Pre-filing 01 January 2026 05 March 2026 Horizon Industrial Parks 12 JM Financial Limited IPO (Fresh Only) 01 January 2026 02 March 2026 Limited NEOLITE ZKW LIGHTINGS Anand Rathi Advisors 13 IPO (Fresh + OFS) 02 January 2026 06 March 2026 LIMITED Limited 14 Zepto Limited Axis Capital Ltd. Pre-filing 02 January 2026 18 February 2026 Khambatta Securities 15 Rodec Pharma Ltd. IPO (OFS Only) 20 January 2026 26 February 2026 Ltd. EAAA India Alternatives 16 Axis Capital Limited IPO (OFS Only) 21 January 2026 18 February 2026 Limited Nuvama Wealth 17 Kanohar Electricals Limited IPO (Fresh + OFS) 27 January 2026 16 February 2026 Management Ltd. Bombay Coated and Speicla 18 Smart Horizon IPO (Fresh Only) 30 January 2026 06 March 2026 Steels Limited Nuvama Wealth 19 MARRI RETAIL LIMITED Management IPO (Fresh + OFS) 03 February 2026 04 March 2026 LimitedIII) 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 Srujan Alpha Capital 1 Tea Post Ltd. IPO (Fresh + OFS) 12 June 2025 23 January 2026 Advisors LLP Sarthi Capital Advisors 2 Jindal Supreme (India) Ltd. IPO (Fresh + OFS) 10 December 2025 27 January 2026 Pvt. Ltd. IV) Comments sought from other regulators / Government agencies and response awaited: S.No Name of the Issue Coordinating LM Type of Issue Date of Receipt Last Date of Communication 1 Advanta Enterprises Limited JM Financial Limited IPO (OFS Only) 22 January 2026 04 March 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 Pantomath Capital Observations issued during the Week 1 Bonbloc Technolgies Limited IPO (Fresh + OFS) 08 October 2025 Advisors Private Limited on 05-03-2026 Observations issued during the Week 2 Milestone Gears Limited JM Financial Limited IPO (Fresh + OFS) 27 November 2025 on 06-03-2026 Eastman Auto & Power Observations issued during the Week 3 Axis Capital Limited Pre-Filing 09 December 2025 Limited on 04-03-2026 ----------------------------------------------------------------------------------------------------------------------------