1.) Executive Centre India: With the issue size of Rs 2,600 crore, the IPO comprises a fresh issue of equity shares with a face value of Rs 2 each. The company plans to utilise the net proceeds primarily for investment in TEC Abu Dhabi, its direct subsidiary, to part-finance the acquisition of TEC SGP and TEC Dubai, which are step-down subsidiaries currently held by one of the company’s corporate promoters, TEC Singapore.
For the financial year ended March 31, 2025, the company reported total income of Rs 1,346.40 crore, a 27.58% rise from Rs 1,055.32 crore in FY24, after having grown 36.68% in FY24 over Rs 772.11 crore in the previous year. Revenue from operations stood at Rs 1,322.64 crore in FY25, up 27.59% from Rs 1,036.62 crore in FY24, which itself had increased 35.79% from Rs 763.39 crore in FY23. EBITDA continued its upward trend, rising to Rs 713.33 crore in FY25, compared with Rs 583.59 crore in FY24 and Rs 468.03 crore in FY23.
2.) OnEMI Technology Solutions: With one of the largest offerings in the pipeline, the company is behind the digital lending platform Kissht. The proposed IPO will consist of a fresh issue of shares worth up to Rs 1,000 crore, along with an offer for sale of up to 88,79,575 equity shares by existing investor shareholders. The issue will also include a reservation portion for eligible employees.
The company may also undertake a pre-IPO placement of up to Rs 200 crore, which, if completed, will lead to a corresponding reduction in the size of the fresh issue. Founded in 2016, Kissht offers digital loans through its mobile application, providing credit for consumption and business needs, positioning itself as a fast, personalised lending platform.
3.) Alcobrew Distilleries: The company plans to raise up to Rs 258.26 crore through a fresh issue, alongside an offer for sale of 1.8 crore shares by a promoter. The company intends to use the proceeds from the fresh issue to fund business expansion, meet working capital requirements and for general corporate purposes.
Alcobrew manufactures and markets alcoholic beverages, including whisky, vodka and rum, with brands such as Golfer’s Shot, White & Blue, White Hills and One More, catering to multiple price segments across India.
4.) Aastha Spintex: is also preparing to enter the capital markets with an entirely fresh issue of up to Rs 160 crore, to be conducted through the book-building route. The proceeds will be primarily used to fund the acquisition of Falcon Yarns, along with general corporate requirements. BOI Merchant Bankers and PNB Investment Services are acting as book-running lead managers, while Bigshare Services is the registrar to the issue.
Aastha Spintex is engaged in the manufacturing and trading of carded, combed and compact combed cotton yarn, along with cotton bales. It uses cotton bales both for captive consumption in its yarn manufacturing operations and for supply to other spinning units. Its cotton yarn products cater to knitting and weaving applications across a wide range of end-use segments, including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles and industrial fabrics.
5.) Indo MIM: The company has received approval for an IPO comprising a fresh issue of equity shares worth Rs 1,000 crore, in addition to an offer for sale of 12.97 crore shares by existing shareholders. The company plans to utilise Rs 720 crore from the fresh issue to repay debt, with the balance earmarked for general corporate purposes. Incorporated in 1996, Indo MIM specialises in manufacturing precision components using metal injection moulding technology.
Indo-MIM is a global leader in the manufacturing of precision engineering components using metal injection moulding (MIM) technology, offering end-to-end solutions that span mould design, tooling, finishing and assembly.
6.) Kusumgar: The company received an approval to raise Rs 650 crore entirely through an offer for sale by promoters. Since there is no fresh issue component, the company will not receive any proceeds from the IPO. Kusumgar manufactures woven, coated and laminated synthetic fabrics used across aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.
Also read: Bharat Coking Coal IPO: Why a small PSU drew Rs 1.1 lakh crore bids and what investors should expect from listing?
Axis Capital Ltd is the book-running lead manager to the issue, while Bigshare Services Pvt Ltd has been appointed as the registrar. Key details such as the IPO dates, price band and lot size are yet to be announced.
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