IPO Wave Ahead: Indira IVF, Jerai Fitness, RKCPL, Chartered Speed, four others get SEBI's green light

The IPO rush is likely to continue in 2026, as market regulator Securities and Exchange Board of India has given its nod to as many as eight companies to raise funds via initial public offerings. They include Indira IVF, RKCPL, Chartered Speed, Shriram Food Industry, Tempsens Instruments (India), Jerai Fitness, Glass Wall Systems (India) and Rays Of Belief.

These companies had filed their draft red herring prospectuses (DRHPs) between July and October. They received SEBI's observations, which means the regulator's approval, between December 26 and January 2.

Jerai Fitness IPO

Fitness equipment maker Jerai Fitness' proposed initial share sale is solely an offer for sale (OFS) of 43.92 lakh shares by promoters Rajesh Ramsukh Rai, Rajesh Ramsukh Rai HUF and Rinku Rajesh Rai, as per the DRHP.

Since the issue is only an OFS, the firm will not receive any IPO proceeds.

The company provides equipment to an array of clientele, such as commercial gyms, corporations, hotels, and real estate projects in domestic and international markets like the UAE, Japan, Australia, Sweden and Serbia.

Indira IVF IPO

Fertility treatment provider Indira IVF had filed for the IPO via the confidential route. In an announcement in July 2025, the company had said that it has submitted "the pre-filed draft red herring prospectus with SEBI and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges".

The confidential pre-filing method allows the firm to keep IPO details private until the later stages of the listing process.

RKCPL IPO

The proposed IPO of RKCPL, which offers construction and infrastructure services, seeks to raise ₹1,250 crore. It consists of a fresh issuance of shares worth ₹700 crore and an OFS of ₹550 crore.

The money generated will be utilised for working capital needs, purchase of equipment, debt repayment and general corporate purposes.

Chartered Speed IPO

Passenger mobility firm Chartered Speed's ₹855 crore IPO is a combination of new equity shares aggregating to ₹655 crore and an OFS valued at ₹200 crore by promoters Alka Pankaj Gandhi and Pankaj Gandhi, according to the preliminary papers.

The fresh issue proceeds will be allocated towards investing in electric buses, repayment of debt, and general corporate purposes.

Glass Wall Systems IPO

Facade systems maker Glass Wall Systems (India) Ltd's proposed IPO consists of a fresh issuance of shares worth ₹60 crore and an OFS of 4.02 crore shares.

The company intends to use the net proceeds from the issue for establishing a glass processing unit and general corporate purposes.

Shriram Food Industry IPO

The Shriram Food Industry IPO will be a fresh issuance of 2.12 crore shares and an OFS of 52 lakh shares by promoters Greta Industries Pte Ltd and Orient Dealtrade Pvt Ltd.

The funds generated will be used for repayment of borrowings availed by the company and general corporate purposes.

Shriram Food Industry, incorporated in 2014, operates on a business-to-business (B2B) model and is majorly engaged in the export of rice to international markets.

Tempsens Instruments

Thermal engineering and specialised cable manufacturer Tempsens Instruments (India) Ltd's IPO consists of fresh shares valued at ₹118 crore and an OFS of over 1.79 crore shares.

The objectives include funding certain capital expenditures towards electrical heating solutions and specialised cable solutions, loan repayment and general corporate purposes.

Rays of Belief IPO

Rays of Belief, the parent firm of Mom's Belief, which provides holistic care for children with autism and developmental delays, had filed a DRHP with SEBI through the confidential route.