SEBI Updates Processing Status of Draft Offer Documents for Multiple Companies
As of April 2, 2026, the Securities and Exchange Board of India (SEBI) has released an update on the processing status of draft offer documents filed by various companies seeking to launch initial public offerings (IPOs). The list includes companies awaiting observations from SEBI, those with clarifications pending, and those awaiting in-principle approval from exchanges.Several companies are currently undergoing review by SEBI, including MV Electrosystems Ltd. (IPO - Fresh Only, received December 10, 2025), Aspri Spirits Limited (IPO - Fresh + OFS, received December 12, 2025), and Sonaselection India Limited (IPO - Fresh Only, received December 17, 2025). Other companies in this stage are Yatayat Corporation India Limited, WOGTechnologies Limited, Casagrand Premier Builder Limited, Surgiwear Limited, Deepa Jewellers Ltd., MEHTA HITECH INDUSTRIES LIMITED, NEOLITE ZKW LIGHTINGS LIMITED, Krishna Buildspace Limited, SS Retail Limited, Hindustan Laboratories Limited, Veegaland Developers Limited, EAAA India Alternatives Limited, Dhoot Transmission Limited, SRIT India Limited, Bonfiglioli Transmissions Limited, Sunil Gold India Limited, Moneyview Limited, Swaraj Green Power and Fuel Limited, SBI Funds Management Limited, Trenzet Infra Limited, Polite Powertech Limited, and Truhome Finance Ltd.
Manipal Health Enterprises is slated for an IPO with Fresh + OFS shares, Bharat PET Limited also has a Fresh + OFS offering, while Laxyo Limited anticipates a Fresh Only offering. Sohan Lal Commodity Management Limited and Synergy Advanced Metals Limited are currently in the pre-filing stage. Rentomojo, Pioneer Fil-med Ltd., SNVA Traveltech Limited, Chandan Steel Limited are also listed as in pre-filing.
For companies where SEBI has sought clarifications, responses from the coordinating merchant bankers are pending. This includes Cotec Healthcare Limited, RK Steel Manufacturing Company Limited, Sterlite Electric Limited, Grand Housing Limited, and Hotel Polo Towers Limited.
Additionally, in-principle approval from stock exchanges is awaited for Jainam Broking Limited, Avaada Electro Limited, and Vishal Nirmiti Limited.
The full list of companies, along with their coordinating merchant bankers, issue type, receipt dates, and last communication dates, can be viewed in the tables below.
Draft Offer Documents Under Process in SEBI:
| S.No | Name of the Issue | Coordinating LM | Type of Issue | Date of Receipt | Last Date of Communication |
|---|---|---|---|---|---|
| 1 | MV Electrosystems Ltd. | Sundae Capital Advisors Pvt. Ltd. | IPO (Fresh Only) | 10 December 2025 | 02 April 2026 |
| 2 | Aspri Spirits Limited | Motilal Oswal Investment Advisors Ltd. | IPO (Fresh + OFS) | 12 December 2025 | 11 March 2026 |
| 3 | Sonaselection India Limited | Choice Capital Advisors Private Limited | IPO (Fresh Only) | 17 December 2025 | 27 March 2026 |
| 4 | Yatayat Corporation India Limited | Unistone Capital Private Limited | IPO (Fresh + OFS) | 29 December 2025 | 16 March 2026 |
| 5 | WOGTechnologies Limited | Unistone Capital Pvt. Ltd. | IPO (Fresh + OFS) | 29 December 2025 | 11 February 2026 |
| 6 | Casagrand Premier Builder Limited | Motilal Oswal Investment Advisors Limited | IPO (Fresh + OFS) | 30 December 2025 | 06 March 2026 |
| 7 | Surgiwear Limited | Motilal Oswal Investment Advisors Limited | IPO (Fresh + OFS) | 30 December 2025 | 06 March 2026 |
| 8 | Deepa Jewellers Ltd. | Emkay Global Financial Services Ltd. | IPO (Fresh + OFS) | 02 January 2026 | 02 March 2026 |
| 9 | MEHTA HITECH INDUSTRIES LIMITED | Beeline Capital Advisors Private Limited | IPO (Fresh Only) | 02 January 2026 | 09 March 2026 |
| 10 | NEOLITE ZKW LIGHTINGS LIMITED | Anand Rathi Advisors Limited | IPO (Fresh + OFS) | 02 January 2026 | 13 March 2026 |
| 11 | Krishna Buildspace Limited | Mefcom Capital Markets Ltd | IPO (Fresh + OFS) | 02 January 2026 | 17 March 2026 |
| 12 | SS Retail Limited | Anand Rathi Advisors Limited | IPO (Fresh + OFS) | 05 January 2026 | 27 March 2026 |
| 13 | Hindustan Laboratories Limited | Choice Capital Advisors Private Limited | IPO (Fresh + OFS) | 06 January 2026 | 23 March 2026 |
| 14 | Veegaland Developers Limited | Cumulative Capital Private Limited | IPO (Fresh Only) | 09 January 2026 | 30 March 2026 |
| 15 | EAAA India Alternatives Limited | Axis Capital Limited | IPO (OFS Only) | 21 January 2026 | 20 March 2026 |
| 16 | Dhoot Transmission Limited | Axis Capital Limited | IPO (Fresh + OFS) | 02 February 2026 | 12 March 2026 |
| 17 | SRIT India Limited | Choice Capital Advisors Private Limited | IPO (Fresh) | 02 February 2026 | 14 March 2026 |
| 18 | Bonfiglioli Transmissions Limited | Axis Capital Limited | IPO (OFS Only) | 11 February 2026 | 05 March 2026 |
| 19 | Sunil Gold India Limited | Unistone Capital Private Limited | IPO (Fresh + OFS) | 09 March 2026 | 27 March 2026 |
| 20 | Moneyview Limited | Axis Capital Ltd | IPO (Fresh + OFS) | 09 March 2026 | 02 April 2026 |
| 21 | Swaraj Green Power and Fuel Limited | Centrum Capital Limited | IPO (Fresh + OFS) | 16 March 2026 | 16 March 2026 |
| 22 | SBI Funds Management Limited | Kotak Mahindra Capital Company Limited | IPO (OFS Only) | 19 March 2026 | 19 March 2026 |
| 23 | Trenzet Infra Limited | Unistone Capital Limited | IPO (Fresh + OFS) | 23 March 2026 | 23 March 2026 |
| 24 | Polite Powertech Limited | Arihant Capital Markets Limited | IPO (Fresh + OFS) | 23 March 2026 | 25 March 2026 |
| 25 | Truhome Finance Ltd. | JM Financial Ltd. | IPO (Fresh + OFS) | 24 March 2026 |
Clarifications Awaited from Merchant Bankers:
| S.No | Name of the Issue | Coordinating LM | Type of Issue | Date of Receipt | Last Date of Communication |
|---|---|---|---|---|---|
| 1 | Cotec Healthcare Limited | Pantomath Capital Advisors Private Limited | IPO (Fresh + OFS) | 19 September 2025 | 06 March 2026 |
| 2 | RK Steel Manufacturing Company Limited | GYR Capital Advisors | IPO (Fresh Only) | 01 October 2025 | 24 March 2026 |
| 3 | Sterlite Electric Limited | Axis Capital Limited | IPO (Fresh + OFS) | 03 October 2025 | 27 March 2026 |
| 4 | Grand Housing Limited | Smart Horizon Capital Advisors Private Ltd | IPO (OFS Only) | 08 October 2025 | 11 February 2026 |
| 5 | Hotel Polo Towers Limited | Equirus Capital Private Limited | IPO (Fresh + OFS) | 08 October 2025 | 09 February 2026 |
| 6 | RENNY STRIPS LIMITED | Pantomath Capital Advisors Private Limited | IPO (Fresh + OFS) | 17 December 2025 | 23 March 2026 |
| 7 | Crystal Crop Protection Limited | IIFL Capital Services Ltd | IPO (Fresh + OFS) | 18 December 2025 | 27 March 2026 |
| 8 | SHIVGANGA DRILLERS LIMITED | Aryaman Financial Services Limited | IPO (Fresh Only) | 19 December 2025 | 24 February 2026 |
| 9 | Jakson Green Limited | Nuvama Wealth Management Limited | Pre-filing | 26 December 2025 | 12 March 2026 |
| 10 | Tonbo Imaging India Limited | JM Financial Limited | IPO (OFS Only) | 30 December 2025 | 20 March 2026 |
| 11 | Horizon Industrial Parks Limited | JM Financial Limited | IPO (Fresh Only) | 02 January 2026 | 02 March 2026 |
| 12 | Oravel Stays Limited | Axis Capital Ltd. | Pre-filing | 01 January 2026 | 18 March 2026 |
| 13 | Zepto Limited | Axis Capital Ltd. | Pre-filing | 02 January 2026 | 18 February 2026 |
| 14 | Rodec Pharma Ltd. | Khambatta Securities Ltd. | IPO (OFS Only) | 20 January 2026 | 27 March 2026 |
| 15 | Kanohar Electricals Limited | Nuvama Wealth Management Ltd. | IPO (Fresh + OFS) | 27 January 2026 | 13 March 2026 |
| 16 | Bombay Coated and Speicla Steels Limited | Smart Horizon | IPO (Fresh Only) | 30 January 2026 | 02 April 2026 |
| 17 | MARRI RETAIL LIMITED | Nuvama Wealth Management Limited | IPO (Fresh + OFS) | 03 February 2026 | 04 March 2026 |
| 18 | Shreni Shares Limited | Aryaman Financial Services Limited | IPO (Fresh + OFS) | 04 March 2026 | 04 March 2026 |
| 19 | Torrent Gas Ltd. | Axis Capital Ltd. | Pre-filing | 25 March 2026 | 02 April 2026 |
Exchanges Awaiting In-Principle Approval:
| S.No | Name of the Issue | Coordinating LM | Type of Issue | Date of Receipt | Last Date of Communication |
|---|---|---|---|---|---|
| 1 | Jainam Broking Limited | Intensive Financial Services Limited | Pre-filing | 07 October 2025 | 09 March 2026 |
| 2 | Avaada Electro Limited | ICICI Securities Limited | Pre-filing | 20 October 2025 | 20 March 2026 |
| 3 | Vishal Nirmiti Limited | Saffron Capital Advisors Private Limited | IPO (Fresh + OFS) | 08 January 2026 | 12 March 2026 |
Source:
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