Clipped from: https://www.thehindubusinessline.com/markets/sebi-clears-7-ipos-worth-over-6000-crore/article70403501.ece
The companies that received SEBI approval include Fusion CX, Orient Cables India, RSB Retail India, Lohia Corp, SFC Environmental Technologies, Turtlemint Fintech Solutions and Yashoda Hospitals
Capital market regulator SEBI on Tuesday has greenlighted the initial public offer applications worth over ₹6000 crore of seven companies including Turtlemint Fintech Solutions and Yashoda Hospitals, data on the regulator’s website showed.
Among other companies that received SEBI approval include Fusion CX, Orient Cables India, RSB Retail India, Lohia Corp and SFC Environmental Technologies.
Yashoda Healthcare Services plans IPO of the size of ₹3,000-4,000 crore through a mix of fresh shares and selling by existing investors. The company has filed papers through confidential route with SEBI. The company plans to use the proceeds for expansion and deleveraging balance sheet.
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint is designed to simplify the purchase and management of insurance policies.
The company has filed DRHP through the confidential route and withheld most of the IPO details. The platform helps financial advisors instantly match each customer with a suite of products best suited for their unique needs through a digital solution, thereby making advisors and their business efficient.
Fusion CX, a customer experience service provider, is seeking to raise ₹600 crore through a fresh issue in its IPO while another ₹400 crore is on offer under OFS.
Orient Cables’s public offering of ₹700 crore involves fresh equity share issuance of ₹320 crore and OFS of ₹380 crore by promoters.
Proceeds from the fresh issue will be used for the purchase of machinery, equipment and civil works at the company’s manufacturing facilities, repay debt and general corporate purposes.
The Hyderabad-based RSB Retail India’s IPO is a combination of a fresh issue of ₹500 crore and an OFS of 2.98 crore equity shares by the selling shareholders, according to the DRHP.
The company plans to use funds for debt repayment, setting up new stores and for general corporate purposes.
The IPO wastewater treatment solution provider SFC Environmental Technologies’ plans to raise ₹150 crore through fresh share issuance and OFS of 1.23 crore shares by promoters and existing shareholders.
The Kanpur-based Lohia Corp, the machinery and equipment manufacturer for technical textiles, plans to tap the market with an OFS of 4.22 crore equity shares to be offloaded by the promoters with no fresh issue component.
Published on December 16, 2025
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