Among the approvals, InCred Holdings stands out as the most prominent. InCred Holdings is the 100% holding company of InCred Financial Services, one of India’s fastest-growing new-age NBFCs. InCred Group has built a diversified lending franchise spanning personal loans, student loans, specialised MSME loans, secured business loans and lending to financial institutions.
Since inception, the platform has disbursed loans worth over Rs 25,000 crore to more than 4 lakh customers through a network of over 140 branches and a workforce of more than 2,600 employees. As of FY25, InCred Finance reported assets under management of Rs 12,585 crore, reflecting 39% year-on-year growth, supported by technology-led underwriting and disciplined risk management.
Engineering consultancy firm Aarvee Engineering Consultants has also received approval for its IPO, which will comprise a fresh issue of Rs 202.5 crore along with an offer for sale of up to 67.5 lakh equity shares by promoter Venkatachala Chakrapani Redla. The company provides infrastructure engineering and project management services across transportation, water and urban development segments.
IT infrastructure and system integrator ArMee Infotech has secured Sebi’s nod for a pure fresh issue of Rs 300 crore. Headquartered in Ahmedabad, the company operates across 14 locations and serves government, BFSI, corporate and education clients, with offerings ranging from IT hardware and software deployment to managed services and digital infrastructure projects.
Kolkata-based cable and conductor manufacturer Laser Power and Infra has been cleared to raise Rs 1,200 crore through its IPO. The company is targeting a valuation in the range of Rs 5,500 crore to Rs 6,500 crore, with the issue aimed at strengthening its balance sheet and supporting expansion plans.
Education infrastructure platform Elevate Campuses has received approval for its Rs 2,550 crore IPO, which will be entirely a fresh issue. The company focuses on developing and operating student housing and campus infrastructure and plans to list on both NSE and BSE.Jewellery retailer Shankesh Jewellers was cleared for a small-sized IPO comprising a fresh issue of up to Rs 3 crore and an offer for sale of up to Rs 1 crore, with shares proposed to be listed on NSE and BSE.
Metals recycling and recovery player Ardee Industries secured approval for an IPO that includes a fresh issue of up to Rs 320 crore and an offer for sale of up to 3.77 crore shares. Founded in 1995, the company operates across lead recycling, smelting and refining.
Auto and industrial electronics firm SEDEMAC Mechatronics has also been cleared for a pure offer-for-sale IPO of up to 0.8 crore shares, with no fresh capital raising involved.