New IPOs Alert: Casagrand Premier Builder, Bonfiglioli Transmissions, 2 others get SEBI approval to launch issues

Capital markets regulator Securities and Exchange Board of India has given its nod to Bonfiglioli Transmissions, Swaraj Green Power and Fuel, Bombay Coated & Special Steels Ltd and Casagrand Premier Builder to raise funds via initial public offerings.

The four companies received SEBI's observations during June 8-12, 2026. In the market regulator's terminology, receiving an observation means approval to float an IPO.

Real estate developer Casagrand Premier Builder's initial share sale is a fresh issuance of ₹1,200 crore and an offer for sale of ₹20 crore by promoters Casagrand Luxor Pvt Ltd and Casagrand Luxor Pvt Ltd.

The Chennai-based company might also consider a pre-IPO placement of ₹240 crore. If such a placement takes place, then the fresh issue size will be reduced.

The objectives of the issue include debt repayment of the company and its subsidiaries and general corporate purposes.

Casagrand Premier Builder, incorporated in 2003, claims to be the largest developer in the residential sector and a well-known residential brand in Chennai, Tamil Nadu.

Italy-based Bonfiglioli Group's Indian arm Bonfiglioli Transmissions' initial public offering is exclusively an offer for sale (OFS) of 4.7 crore equity shares by promoter Bonfiglioli S.p.A. There is no fresh issue component, as per the draft red herring prospectus (DRHP).

Bonfiglioli Transmissions is a global leader in power transmission, drive systems and gearmotors.

The proposed IPO of Bombay Coated and Special Steels, which converts steel coils into value-added processed steel products, is only a fresh issue of ₹191 crore.

The money raised will be used for debt clearance, financing the cost of the acquisition of capital equipment under existing lease arrangements with Siemens Financial Services and corporate general purposes.

Swaraj Green Power and Fuel is a Maharashtra-based integrated ethanol production and sugar manufacturing company. The company runs a modern integrated complex producing sugar, ethanol, co-gen power and rectified spirit (ENA).