The Securities and Exchange Board of India (SEBI) has approved seven IPOs, marking a significant expansion of India's primary market pipeline. Jio Platforms leads the approvals with its proposed ₹37,700 crore offering, representing a valuation of nearly ₹9.5 lakh crore and potentially becoming one of India's largest IPOs. The other approved companies include Paras Healthcare, Bharat PET, Paramotor Digital Technology, Pushp Brand, MK Sons Fine Jewels and Sadbhav Futuretech. These approvals come at a time when the IPO market has remained active across sectors ranging from healthcare and packaging to fintech, consumer brands and digital platforms, as reported by ETMarkets.
Paras Healthcare has received SEBI approval for its IPO of up to ₹1,800 crore, comprising a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of shares worth up to ₹1,300 crore. The company plans to use net proceeds from the fresh issue to prepay or repay certain outstanding borrowings and invest in its wholly owned subsidiary, PMHPL, for repayment or prepayment of its borrowings. The remaining proceeds will be utilized for general corporate purposes. The company operates under the Paras Health brand and provides tertiary and quaternary healthcare services, operating eight hospitals with an aggregate bed capacity of 2,211 beds across North India, Bihar and Jharkhand as of March 31, 2026. The company has a presence across five states and one union territory, with hospitals in Gurugram and Panchkula in Haryana, Patna and Darbhanga in Bihar, Kanpur in Uttar Pradesh, Udaipur in Rajasthan, Ranchi in Jharkhand and Srinagar in Jammu and Kashmir.
Bharat PET has received approval for a ₹760 crore IPO, including a fresh issue of up to ₹120 crore and an offer for sale of up to ₹640 crore by promoter selling shareholders. The company may also consider a pre-IPO placement of up to ₹24 crore. Incorporated in 1998, Bharat PET manufactures rigid packaging products such as PET bottles and jars, preforms, multi-layer co-extruded bottles, caps, closures and tin containers. The company has a strong presence in agrochemical packaging, where it holds about 11% market share in India, according to the CARE Report cited in the material. As of September 30, 2025, Bharat PET served more than 1,500 customers, including Tata Consumer Products, Dhanuka Agritech, PI Industries, India Pesticides, Safex Chemicals, GSP Crop Science and Fresca Foods. Repeat customers contributed about 91% of its revenue from operations. For FY25, the company reported revenue from operations of ₹411.82 crore and pro forma profit after tax of ₹50.99 crore. For the six months ended September 30, 2025, revenue stood at ₹274.90 crore and profit after tax was ₹48.12 crore.
Sadbhav Futuretech, a Haryana-based provider of solar water pumping solutions, plans a fresh issue of 2.55 crore shares and an offer for sale of up to ₹235 crore. The company provides EPC services for solar water pumping, rooftop solar and ground-mounted solar projects. It plans to use ₹215 crore of the fresh issue proceeds for working capital. The company operates across multiple states and has established itself as a key player in the renewable energy sector.
The proposed equity shares of all approved companies are to be listed on the BSE and NSE. For Paras Healthcare, JM Financial, BofA Securities India and Nuvama Wealth Management are the book-running lead managers to the issue. For Bharat PET, Equirus Capital and Ambit are the book-running lead managers. For Jio Platforms, the company has not yet announced its lead managers. The companies have not yet announced the IPO opening dates or price bands, as reported by CNBC TV18.
