The Securities and Exchange Board of India (SEBI) cleared five new initial public offerings (IPOs) on Monday, signalling continued strength in India’s primary markets.

The approved issues span dairy, food technology, private equity, manufacturing, and cement, reflecting a broad base of investor interest ahead of the year-end pipeline.

Among the companies to receive approval is Milky Mist Dairy Food Ltd, which plans to raise around ₹2,035 crore. The issue includes a fresh equity component of ₹1,785 crore and an offer for sale worth ₹250 crore by promoters. The Tamil Nadu-based dairy brand will use part of the proceeds to repay about ₹750 crore of debt and fund capacity expansion at its Perundurai plant, adding new production lines for whey protein concentrate, yogurt, and cream cheese.

M

See Full Page