New IPOs Alert: Alpine Texworld, Anjali Labtech, 2 others get SEBI approval to launch public offers

Capital markets regulator Securities and Exchange Board of India (SEBI) has approved initial public offerings of medical technology platform Integris MedTech, shipping container maker Appl Containers, textile manufacturer Alpine Texworld and lab-grown diamond player Anjali Labtech.

The four firms, which filed their draft red herring prospectuses between September and October, are now eligible to raise funds via IPOs. They received SEBI's observation between February 13 and 20. In regulatory terminology, receipt of observations means the company can go forward with the public issue.

Integris MedTech IPO

PE firm Everstone Capital-backed Integris Medtech's proposed IPO is a mix of a fresh issue of shares aggregating to ₹925 crore and an offer for sale (OFS) component of 2.16 crore shares by Evercure Holdings, Gurmit Singh Chugh and Punita Sharma, according to the DRHP.

Fresh issue proceeds will be used for debt clearance and corporate general purposes.

The company may also consider a pre-IPO placement of up to ₹185 crore. If such placement takes place, the fresh issue size will be reduced.

Co-founded by Gurmit Singh Chugh and Punita Sharma, Integris Medtech has expertise in developing, manufacturing, commercialising and selling a broad and integrated portfolio of medical devices and solutions. Its portfolio includes cardiovascular devices, clinical diagnostics, and scientific laboratory solutions.

Appl Containers IPO

The proposed IPO of Appl Containers consists of a fresh issue of up to 12.5 lakh shares and an OFS of up to 25.6 lakh shares by promoters.

The money generated will be utilised for incremental working capital needs, debt clearance and general corporate purposes.

Appl Containers is into container manufacturing. In the financial year 2025-26, the company has also entered into container leasing services to meet the diverse needs of its clients.

Alpine Texworld IPO

Gujarat-based Alpine Texworld's proposed public offer is exclusively a fresh issue of up to 1.5 crore shares.

The net proceeds from the fresh issue will be used for establishing a new weaving facility at its proposed manufacturing unit to enhance its production capabilities to produce grey fabric at Ahmedabad, debt clearance and general corporate purposes.

Incorporated in 2016, Alpine Texworld is an integrated textile manufacturer with capabilities in weaving and spinning.

Anjali Labtech IPO

Anjali Labtech, which had filed its preliminary papers to SEBI through the confidential route in October 2025.

Incorporated in 2021, the company is a key player in lab-grown diamonds, lab-grown diamond jewellery, diamond semiconductor materials and MPCVD systems.