Upcoming IPOs: Six companies, including Sterlite Electric, Rays Power Infra, Augmont Enterprises, Rotomag Enertec, Oswal Cables, and Pride Hotels, have filed draft IPOs with SEBI. The offerings will be a mix of fresh equity and offer-for-sale, with proceeds aimed at expansion, working capital, and debt repayment, keeping India’s IPO pipeline strong.
1 / 71. Sterlite Electric IPO | Vedanta Group firm Sterlite Electric has filed papers with SEBI for an IPO comprising a fresh issue of 77.9 lakh shares and an equal OFS. Proceeds will be used for debt repayment, capex, including new plants and machinery, and general corporate purposes. The company operates in power transmission and distribution, serving both domestic and global markets.
2 / 72. Rays Power Infra IPO | Mumbai-based Rays Power Infra aims to raise ₹1,150 crore through an IPO, including a fresh issue of ₹900 crore and OFS of ₹250 crore. Funds will go into its subsidiary Rays Green Energy for a 1.5 GW solar cell plant in Madhya Pradesh, working capital, and corporate needs.
3 / 73. Augmont Enterprises IPO | Augmont Enterprises, an integrated gold and silver platform, plans to raise ₹800 crore, a fresh issue of ₹620 crore and OFS of ₹180 crore. Proceeds will support working capital for procurement and inventory, advance margin needs, and general expenses.
4 / 74. Rotomag Enertec Ipo | Gujarat-based Rotomag Enertec looks to raise ₹500 crore via a fresh issue, alongside an OFS of 2.4 crore shares by promoters and investors. The company may also explore a ₹100 crore pre-IPO round. Proceeds will be used for debenture redemption, working capital, and corporate purposes.
5 / 75. Oswal Cables IP | Oswal Cables plans an IPO of ₹300 crore fresh issue and an OFS of 2.22 crore shares. Funds will be used to set up a new project, repay debt, and meet general corporate needs.
6 / 76. Pride Hotels IPO | New Delhi-based Pride Hotels has filed for an IPO, including a ₹260 crore fresh issue and an OFS of 3.92 crore shares. The funds will go towards hotel renovation, debt repayment, and corporate purposes. It may also raise ₹52 crore via pre-IPO placement.
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