Processing Status : Issues

PROCESSING STATUS OF DRAFT OFFER DOCUMENTS As on April 2, 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 Sundae Capital Advisors 1 MV Electrosystems Ltd. IPO (Fresh Only) 10 December 2025 02 April 2026 Pvt. Ltd. Motilal Oswal 2 Aspri Spirits Limited Investment Advisors IPO (Fresh + OFS) 12 December 2025 11 March 2026 Ltd. Sonaselection India Choice Capital Advisors 3 IPO (Fresh Only) 17 December 2025 27 March 2026 Limited Private Limited Yatayat Corporation India Unistone Capital Private 4 IPO (Fresh + OFS) 29 December 2025 16 March 2026 Limited Limited WOG Technologies Unistone Capital Pvt. 5 IPO (Fresh + OFS) 29 December 2025 11 February 2026 Limited Ltd. Motilal Oswal Casagrand Premier 6 Investment Advisors IPO (Fresh + OFS) 30 December 2025 06 March 2026 Builder Limited Limited Motilal Oswal 7 Surgiwear Limited Investment Advisors IPO (Fresh + OFS) 30 December 2025 06 March 2026 Limited Emkay Global Financial 8 Deepa Jewellers Ltd. IPO (Fresh + OFS) 02 January 2026 02 March 2026 Services Ltd. MEHTA HITECH Beeline Capital Advisors 9 IPO (Fresh Only) 02 January 2026 09 March 2026 INDUSTRIES LIMITED Private Limited NEOLITE ZKW Anand Rathi Advisors 10 IPO (Fresh + OFS) 02 January 2026 13 March 2026 LIGHTINGS LIMITED Limited Krishna Buildspace Mefcom Capital Markets 11 IPO (Fresh + OFS) 02 January 2026 17 March 2026 Limited Ltd Anand Rathi Advisors 12 SS Retail Limited IPO (Fresh + OFS) 05 January 2026 27 March 2026 Limited Hindustan Laboratories Choice Capital Advisors 13 IPO (Fresh + OFS) 06 January 2026 23 March 2026 Limited Private Limited Veegaland Developers Cumulative Capital 14 IPO (Fresh Only) 09 January 2026 30 March 2026 Limited Private Limited EAAA India Alternatives 15 Axis Capital Limited IPO (OFS Only) 21 January 2026 20 March 2026 Limited Dhoot Transmission 16 Axis Capital Limited IPO (Fresh + OFS) 02 February 2026 12 March 2026 Limited Choice Capital Advisors 17 SRIT India Limited IPO (Fresh) 02 February 2026 14 March 2026 Private Limited Bonfiglioli Transmissions 18 Axis Capital Limited IPO (OFS Only) 11 February 2026 05 March 2026 Limited Unistone Capital Private 19 Sunil Gold India Limited IPO (Fresh + OFS) 09 March 2026 27 March 2026 Limited 20 Moneyview Limited Axis Capital Ltd IPO (Fresh + OFS) 09 March 2026 02 April 2026 Swaraj Green Power and 21 Centrum Capital Limited IPO (Fresh + OFS) 16 March 2026 16 March 2026 Fuel Limited SBI Funds Management Kotak Mahindra Capital 22 IPO (OFS Only) 19 March 2026 19 March 2026 Limited Company Limited 23 Trenzet Infra Limited Unistone Capital Limited IPO (Fresh + OFS) 23 March 2026 23 March 2026 Arihant Capital Markets 24 Polite Powertech Limited IPO (Fresh + OFS) 23 March 2026 25 March 2026 Limited 25 Truhome Finance Ltd. JM Financial Ltd. IPO (Fresh + OFS) 24 March 2026 24 March 2026Manipal Health Kotak Mahindra Capital 26 IPO (Fresh + OFS) 25 March 2026 25 March 2026 Enterprises Company Limited Equirus Capital (P) 27 Bharat PET Limited IPO (Fresh + OFS) 25 March 2026 25 March 2026 Limited Indorient Financial 28 Laxyo Limited IPO (Fresh Only) 30 March 2026 30 March 2026 Services Limited Sohan Lal Commodity Pantomath Capital 29 Pre-filing 31 March 2026 31 March 2026 Management Limited Advisors Private Limited Synergy Advanced Metals 30 Ambit Pvt. Ltd. Pre-filing 01 April 2026 01 April 2026 Limited Motilal Oswal 31 Rentomojo Investment Advisors IPO (Fresh + OFS) 01 April 2026 01 April 2026 Limited Nuvama Investment 32 Pioneer Fil-med Ltd. IPO (Fresh + OFS) 02 April 2026 02 April 2026 Banking SNVA Traveltech Limited Equirus Capital Private 33 Pre-filing 02 April 2026 02 April 2026 (Confidential) Limited Motilal Oswal Chandan Steel Limited 34 Investment Advisors Pre-filing 02 April 2026 02 April 2026 (Confidential) Ltd. 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 RK Steel Manufacturing 2 GYR Capital Advisors IPO (Fresh Only) 01 October 2025 24 March 2026 Company Limited 3 Sterlite Electric Limited Axis Capital Limited IPO (Fresh + OFS) 03 October 2025 27 March 2026 Smart Horizon Capital 4 Grand Housing Limited IPO (OFS Only) 08 October 2025 11 February 2026 Advisors Private Ltd Equirus Capital Private 5 Hotel Polo Towers Limited IPO (Fresh + OFS) 08 October 2025 09 February 2026 Limited Pantomath Capital 6 RENNY STRIPS LIMITED IPO (Fresh + OFS) 17 December 2025 23 March 2026 Advisors Private Limited Crystal Crop Protection 7 IIFL Capital Services Ltd IPO (Fresh + OFS) 18 December 2025 27 March 2026 Limited SHIVGANGA DRILLERS Aryaman Financial 8 IPO (Fresh Only) 19 December 2025 24 February 2026 LIMITED Services Limited Nuvama Wealth 9 Jakson Green Limited Pre-filing 26 December 2025 12 March 2026 Management Limited Tonbo Imaging India 10 JM Financial Limited IPO (OFS Only) 30 December 2025 20 March 2026 Limited Horizon Industrial Parks 11 JM Financial Limited IPO (Fresh Only) 01 January 2026 02 March 2026 Limited 12 Oravel Stays Limited Axis Capital Limited Pre-filing 01 January 2026 18 March 2026 13 Zepto Limited Axis Capital Ltd. Pre-filing 02 January 2026 18 February 2026 Khambatta Securities 14 Rodec Pharma Ltd. IPO (OFS Only) 20 January 2026 27 March 2026 Ltd. Kanohar Electricals Nuvama Wealth 15 IPO (Fresh + OFS) 27 January 2026 13 March 2026 Limited Management Ltd. Bombay Coated and 16 Smart Horizon IPO (Fresh Only) 30 January 2026 02 April 2026 Speicla Steels Limited Nuvama Wealth 17 MARRI RETAIL LIMITED Management IPO (Fresh + OFS) 03 February 2026 04 March 2026 Limited Aryaman Financial 18 Shreni Shares Limited IPO (Fresh + OFS) 04 March 2026 04 March 2026 Services Limited 19 Torrent Gas Ltd. Axis Capital Ltd. Pre-filing 25 March 2026 02 April 2026 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 2 Avaada Electro Limited ICICI Securities Limited Pre-filing 20 October 2025 20 March 2026 Saffron Capital Advisors 3 Vishal Nirmiti Limited IPO (Fresh + OFS) 08 January 2026 12 March 2026 Private LimitedIV) 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 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 / withdrawn / returned ----------------------------------------------------------------------------------------------------------------------------