Official Gazette Notification Text
Official TranscriptPROCESSING STATUS OF DRAFT OFFER DOCUMENTS As on January 30, 2026 SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 require every issuer, being an unlisted company desirous of making an initial public offer and a listed company desirous making a rights issue for a value exceeding Rs. 50 Crore or a public offer, to file a draft offer document with SEBI through a merchant...
PROCESSING STATUS OF DRAFT OFFER DOCUMENTS As on January 30, 2026 SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 require every issuer, being an unlisted company desirous of making an initial public offer and a listed company desirous making a rights issue for a value exceeding Rs. 50 Crore or a 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 Aarvee Engineering Consultants 1 Centrum Capital Limited IPO (Fresh + OFS) 26 September 2025 12 January 2026 Limited 2 Armee Infotech Limited Khandwala Securities Limited IPO (Fresh Only) 29 September 2025 08 January 2026 3 Elevate Campuses Limited JM Financial Limited IPO (Fresh Only) 30 September 2025 23 January 2026 4 Laser Power and Infra Limited IIFL Capital Services Limited IPO (Fresh + OFS) 30 September 2025 16 December 2025 Beeline Capital Advisors Private 5 Shah Investor's Home Limited IPO (Fresh Only) 30 September 2025 01 December 2025 Limited RK Steel Manufacturing Company 6 GYR Capital Advisors IPO (Fresh Only) 01 October 2025 22 January 2026 Limited 7 Vishvaraj Environment Limited JM Financial Limited IPO (Fresh + OFS) 08 October 2025 20 January 2026 8 Hotel Polo Towers Limited Equirus Capital Private Limited IPO (Fresh + OFS) 08 October 2025 22 January 2026 9 Hexagon Nutrition Limited Cumulative Capital Private Limited IPO (OFS Only) 08 October 2025 12 December 2025 Pantomath Capital Advisors Private 10 Bonbloc Technolgies Limited IPO (Fresh + OFS) 08 October 2025 29 January 2026 Limited 11 Advit Jewels Limited Holani Consultants Private Ltd. IPO (Fresh Only) 08 October 2025 28 November 2025 Smart Horizon Capital Advisors 12 Grand Housing Limited IPO (OFS Only) 08 October 2025 29 January 2026 Private Ltd 13 Shankesh Jewellers Limited Aryaman Financial Services Limited IPO (Fresh + OFS) 08 October 2025 14 January 2026 Beeline Capital Advisors Private 14 Om Power Transmission Limited IPO (Fresh + OFS) 09 October 2025 29 December 2025 Limited 15 Integris Medtech Limited ICICI Securities Limited IPO (Fresh + OFS) 10 October 2025 29 January 2026 16 Avaada Electro Limited ICICI Securities Limited Pre-filing 20 October 2025 29 December 2025 JM Financial Institutional Securities 17 Duroflex Ltd. IPO (Fresh + OFS) 23 October 2025 28 January 2026 Ltd.
18 SAEL Industries Limited ICICI Securities Limited IPO (Fresh + OFS) 06 November 2025 08 January 2026 19 Jindal Supreme (India) Ltd. Sarthi Capital Advisors Pvt. Ltd. IPO (Fresh + OFS) 11 November 2025 27 January 2026 20 SEDEMAC Mechatronics Limited ICICI Securities Limited IPO (OFS Only) 18 November 2025 19 January 2026 21 Milestone Gears Limited JM Financial Limited IPO (Fresh + OFS) 27 November 2025 21 January 2026 22 MV Electrosystems Ltd. Sundae Capital Advisors Pvt. Ltd. IPO (Fresh Only) 10 December 2025 19 January 2026 Motilal Oswal Investment Advisors 23 Aspri Spirits Limited IPO (Fresh + OFS) 12 December 2025 27 January 2026 Ltd.
Pantomath Capital Advisors Private 24 RENNY STRIPS LIMITED IPO (Fresh + OFS) 17 December 2025 16 January 2026 Limited 25 Crystal Crop Protection Limited IIFL Capital Services Ltd IPO (Fresh + OFS) 18 December 2025 16 January 2026 Motilal Oswal Investment Advisors 26 Surgiwear Limited IPO (Fresh + OFS) 30 December 2025 29 November 2026 Limited 27 Tonbo Imaging India Limited JM Financial Limited IPO (OFS Only) 30 December 2025 30 December 2025 28 Horizon Industrial Parks Limited JM Financial Limited IPO (Fresh Only) 01 January 2026 01 January 2026MEHTA HITECH INDUSTRIES Beeline Capital Advisors Private 29 IPO (Fresh Only) 02 January 2026 02 January 2026 LIMITED Limited NEOLITE ZKW LIGHTINGS 30 Anand Rathi Advisors Limited IPO (Fresh + OFS) 02 January 2026 21 January 2026 LIMITED Emkay Global Financial Services 31 Deepa Jewellers Ltd. IPO (Fresh + OFS) 02 January 2026 02 January 2026 Ltd.
32 SS Retail Limited Anand Rathi Advisors Limited IPO (Fresh + OFS) 05 January 2026 05 January 2026 Choice Capital Advisors Private 33 Hindustan Laboratories Limited IPO (Fresh + OFS) 06 January 2026 12 January 2026 Limited Saffron Capital Advisors Private 34 Vishal Nirmiti Limited IPO (Fresh + OFS) 08 January 2026 22 January 2026 Limited 35 Veegaland Developers Limited Cumulative Capital Private Limited IPO (Fresh Only) 09 January 2026 09 January 2026 36 Rodec Pharma Ltd. Khambatta Securities Ltd. IPO (OFS Only) 20 January 2026 20 January 2026 37 EAAA India Alternatives Limited Axis Capital Limited IPO (OFS Only) 21 January 2026 21 January 2026 38 Advanta Enterprises Limited JM Financial Limited IPO (OFS Only) 22 January 2026 22 January 2026 39 Kanohar Electricals Limited Nuvama Wealth Management Ltd. IPO (Fresh + OFS) 27 January 2026 27 January 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 January 2026 Limited 2 Mann Fleet Partners Limited Khambatta Securities Limited IPO (Fresh + OFS) 29 September 2025 25 November 2025 3 Alpine Texworld Limited D & A Financial Services Pvt. Ltd. IPO (Fresh Only) 30 September 2025 30 January 2026 4 Premier Industrial Corporation Unistone Capital Private Limited IPO (Fresh + OFS) 30 September 2025 25 November 2025 5 Sterlite Electric Limited Axis Capital Limited IPO (Fresh + OFS) 03 October 2025 21 January 2026 6 Anjali Labtech Limited IIFL Capital Services Limited Pre-filing 06 October 2025 29 January 2026 Saffron Capital Advisors Private 7 Arjun Jewellers Limited IPO (Fresh Only) 06 October 2025 10 December 2025 Limited 8 Jainam Broking Limited Intensive Financial Services Limited Pre-filing 07 October 2025 30 January 2026 9 Virupaksha Organics Limited Axis Capital Limited IPO (Fresh Only) 07 October 2025 30 January 2026 10 APPL Containers Limited Cumulative Capital Private Limited IPO (Fresh + OFS) 08 October 2025 12 January 2026 Pantomath Capital Advisors Private 11 Ardee Industries Limited IPO (Fresh + OFS) 10 October 2025 29 January 2026 Limited 12 Rays Power Infra Limited Anand Rathi Advisors Limited IPO (Fresh + OFS) 13 October 2025 23 January 2026 13 Prasol Chemicals Limited DAM Capital Advisors Limited IPO (Fresh + OFS) 27 October 2025 23 January 2026 14 NoPaperForms Solutions Limited IIFL Capital Services Limited IPO (Fresh + OFS) 11 November 2025 16 January 2026 15 Eastman Auto & Power Limited Axis Capital Limited Pre-Filing 09 December 2025 28 January 2026 Choice Capital Advisors Private 16 Sonaselection India Limited IPO (Fresh Only) 17 December 2025 14 January 2026 Limited Motilal Oswal Investment Advisors 17 Travelstack Tech Limited IPO (Fresh + OFS) 19 December 2025 21 January 2026 Limited18 SHIVGANGA DRILLERS LIMITED Aryaman Financial Services Limited IPO (Fresh Only) 19 December 2025 30 January 2026 19 Symbiotec Pharmalab Limited JM Financial Limited IPO (Fresh + OFS) 23 December 2025 23 January 2026 Nuvama Wealth Management 20 Jakson Green Limited Pre-filing 26 December 2025 27 January 2026 Limited 21 WOG Technologies Limited Unistone Capital Pvt. Ltd. IPO (Fresh + OFS) 29 December 2025 30 January 2026 22 Yatayat Corporation India Limited Unistone Capital Private Limited IPO (Fresh + OFS) 29 December 2025 30 January 2026 Motilal Oswal Investment Advisors 23 Casagrand Premier Builder Limited IPO (Fresh + OFS) 30 December 2025 30 January 2026 Limited 24 Oravel Stays Limited Axis Capital Limited Pre-filing 01 January 2026 28 January 2026 25 Zepto Limited Axis Capital Ltd. Pre-filing 02 January 2026 29 January 2026 26 Krishna Buildspace Limited Mefcom Capital Markets Ltd IPO (Fresh + OFS) 02 January 2026 30 January 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 Tea Post Ltd. Srujan Alpha Capital Advisors LLP IPO (Fresh + OFS) 12 June 2025 23 January 2026 2 Earthood Services Limited Unistone Capital Private Limited IPO (OFS Only) 23 June 2025 30 September 2025 Saffron Capital Advisors Private 3 Learnfluence Education Limited IPO (Fresh + OFS) 10 October 2025 22 January 2026 Limited 4 Incred Holdings Limited IIFL Capital Services Ltd IPO (Fresh + OFS) 13 November 2025 30 January 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 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 Observations issued during 1 HD Fire Protect Limited Ambit Private Limited IPO (OFS Only) 26 September 2025 the Week on 29-01-2026 Share India Capital Services Private Observations issued during 2 Xtranet Technologies Limited IPO (Fresh Only) 29 September 2025 Limited the Week on 30-01-2026 Observations issued during 3 Parijat Industries India Limited SBI Capital Markets Limited IPO (Fresh + OFS) 29 September 2025 the Week on 29-01-2026 Observations issued during 4 Rotomag Enertec Limited Equirus Capital Private Limited IPO (Fresh + OFS) 29 September 2025 the Week on 30-01-2026Associated Power Structures Issue Withdrawn/Returned on 5 IIFL Capital Services Ltd. IPO (Fresh + OFS) 29 September 2025 Limited 30-01-2026 Observations issued during 6 CSM Technologies Ltd. Keynote Corporate Services Ltd. IPO (Fresh Only) 06 October 2025 the Week on 28-01-2026 Eldeco Infrastructure and Properties Observations issued during 7 IIFL Capital Services Limited IPO (Fresh + OFS) 06 October 2025 Limited the Week on 30-01-2026 Observations issued during 8 AITMC Ventures Limited Khandwala Securities Limited Pre-filing 30 October 2025 the Week on 30-01-2026 ----------------------------------------------------------------------------------------------------------------------------