As many as five companies, including fintech platform OnEMI Technology Solutions and precision components manufacturer Indo MIM, have received approval to launch their initial public offerings, according to an update released on Friday.
Along with these two firms, engineered fabric maker Kusumgar, spirits manufacturer Alcobrew Distilleries India, and textile company Aastha Spintex have also secured clearance for their IPO plans.
Combined Fundraising Target Crosses Rs 3,000 Crore
Collectively, the five companies are aiming to mobilise more than Rs 3,000 crore through their public issues. These firms had submitted their preliminary IPO documents between August and October and received approval observations between December 29 and January 8.Receipt of these observations allows the companies to move ahead with their respective IPO launches.
OnEMI Technology Solutions IPO Structure
OnEMI Technology Solutions plans to raise Rs 1,000 crore through a fresh issue of equity shares. The IPO also includes an offer for sale of 88.79 lakh equity shares by existing investors.The proceeds from the fresh issue will be used to strengthen the capital base of its subsidiary, Si Creva, to support future capital requirements. The remaining funds will be allocated for general corporate purposes.
Indo MIM IPO Details
Indo MIM’s public issue consists of a fresh issue of equity shares worth Rs 1,000 crore, along with an offer for sale of 12.97 crore equity shares by existing shareholders.The company intends to use the fresh issue proceeds for repayment of debt, with the balance earmarked for general corporate purposes.
Kusumgar IPO Entirely Offer for Sale
Kusumgar’s proposed Rs 650 crore IPO is fully structured as an offer for sale by promoters. As a result, the company will not receive any proceeds from the issue, and the entire amount will go to the selling shareholders.Alcobrew Distilleries India IPO Mix
Alcobrew Distilleries India’s IPO includes a fresh issue of shares aggregating up to Rs 258.26 crore and an offer for sale of 1.8 crore equity shares by a promoter.Funds raised from the fresh issue will be used for business expansion, working capital requirements, and general corporate purposes.
Aastha Spintex Fresh Issue Plan
Aastha Spintex is planning to raise Rs 160 crore entirely through a fresh issue of equity shares, with no offer for sale component in the proposed IPO.Strong Momentum in the Primary Market
The latest approvals come amid a strong phase for the primary market. In 2025, companies raised nearly Rs 1.76 lakh crore through IPOs, marking a record year for public issuances. This exceeded the Rs 1.6 lakh crore raised by 90 companies in 2024 and the Rs 49,436 crore mobilised by 57 companies in 2023, reflecting sustained investor interest and robust fundraising activity in the market.Source:
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