SEBI Approves 6 Upcoming IPOs – HDB Financial & Vikram Solar Included
Date: June 3, 2025
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has issued observation letters to 6 companies, officially approving their Draft Red Herring Prospectus (DRHP). This move clears the path for these companies to launch their Initial Public Offerings (IPOs) in the upcoming months.
Companies Receiving SEBI Observations:
- Dorf-Ketal Chemicals India Limited
- Shreeji Shipping Global Limited
- HDB Financial Services Limited
- Vikram Solar Limited
- A-One Steels India Limited
- Shanti Gold International Limited
Why It Matters
An observation letter from SEBI signifies that the company can move forward with its IPO plans. It also means that SEBI has reviewed and approved the DRHP filed by the company. With these approvals, investors can expect a wave of fresh IPOs hitting the market soon.
Highlights to Watch
- HDB Financial Services – A subsidiary of HDFC Bank, this IPO is expected to gain major investor interest.
- Vikram Solar – A leading solar energy company, may attract ESG-focused investors.
- Dorf-Ketal Chemicals – A specialty chemical player with global exposure.
These approvals point toward a potentially strong IPO season in the upcoming quarters. Market participants and retail investors should keep an eye on official RHPs, pricing, and opening dates as they become available.
What’s Next?
Once the companies file their final RHPs and announce their IPO dates, the market is likely to witness significant activity. With strong names like HDB Financial and Vikram Solar in the mix, demand could be high.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before investing in IPOs.