IPO Tracker

S. K. Offset Limited is engaged in printing and packaging solutions. The company's operations include offset printing of books, textbooks, magazines, journals, brochures, catalogues, stationery, pamphlets, business forms, and other commercial print materials. It also provides labelling and promotional printing services, including stickers, labels, barcodes, and product identification materials. Its packaging products include mono cartons, master cartons, boxes, folding cartons, and other customised packaging formats. The company also provides digital design services for packaging artwork, layouts, colour formatting and print-ready files. Its printing and packaging operations cover printing, designing, graphics, lithography, and publication activities. In addition, the company is involved in trading, importing, and exporting printing and packaging materials such as paper, paperboard, foils, and ink. S. K. Offset operates mainly from four facilities located in Meerut, Uttar Pradesh, with an aggregate covered area of approximately 38,313 square feet.

ArMee Infotech is an IT infrastructure and IT managed services company that also operates in retail sales and renewable energy. Its IT infrastructure business provides hardware and software, including computers, servers, interactive panels and peripherals, along with installation, integration, maintenance and functional training services. The company undertakes projects such as setting up ICT labs and smart classes, installing digital infrastructure for public distribution systems, and supplying and installing IT hardware for government entities. In the retail segment, ArMee operates Experience Zones that sell IT products, consumer electronics, gaming products and merchandise. In renewable energy, the company undertakes engineering, procurement and construction (EPC) of solar power projects, develops solar power projects under power purchase agreements (PPAs), and works on Battery Energy Storage Systems (BESS). ArMee is headquartered in Ahmedabad, Gujarat, and serves government and public sector undertakings (PSUs), as well as private sector clients across various industries. Most of its revenue comes from government and PSU projects.

Adroit Industries (India) Limited is a manufacturer and supplier of propeller shafts and related torque-transmission components for automotive and non-automotive applications. Its product portfolio includes precision-machined torque-transmission components, complete propeller shaft assemblies and forged components used as intermediate inputs in its manufacturing process. The company’s manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, and it offers more than 5,000 SKUs of torque-transmission components and assemblies as of July 31, 2026. Its products are used mainly in commercial vehicles and, to a limited extent, passenger vehicles such as SUVs, as well as in defence and emergency services, heavy equipment, off-highway machinery and industrial equipment. The company supplies products through distributors, Tier-1 driveline component suppliers and directly to original equipment manufacturers (OEMs). It supplied products to customers in more than 32 countries during FY26, including the United States, Canada, Australia, Mexico, the United Kingdom, and countries across Europe, Latin America, the Middle East, Africa, and Asia-Pacific.

Swastika Infra Limited is an engineering, procurement, and construction (EPC) company engaged in power transmission and distribution infrastructure projects. Its services cover turnkey execution of power infrastructure projects, including procurement, supply, erection, installation, testing and commissioning. The company undertakes underground cabling work involving the laying and installation of high-voltage and low-voltage power cables, and construction of gas insulated, air insulated and grid substations. It also executes rural and urban electrification projects involving distribution networks, service connections, and feeder lines. Other areas of work include installation of street lighting systems and renewable energy projects. As of July 31, 2026, the company had executed 36 power distribution infrastructure projects across six Indian states, covering 18,579.47 km of distribution lines. It had 18 ongoing EPC Power Projects across six states as of the same date. The company was incorporated in August 2019 following the conversion of the partnership firm Swastika Electricals & Fertilizers.

Liqvd Digital India Limited is a digital marketing and creative agency founded in 2013. The company provides services including content creation and production, media planning and buying, content marketing, performance reporting, social media management, online reputation management, influencer marketing, and web and application development. Following its acquisition of a majority stake in AdLift Marketing in April 2025, the company also offers services related to search engine optimisation (SEO), performance marketing, performance monitoring, and AI-driven content creation. AdLift Marketing operates in India and the United States through its subsidiary, AdLift Inc. The company serves large enterprises, mid-sized brands, and direct-to-consumer startups. Liqvd Digital India and AdLift Marketing have offices in Mumbai and Gurugram. The company also operates an in-house studio in Mumbai with a green screen setup, which is used for internal content such as founder videos and interviews, along with basic production activities including green screen work, editing, and voiceover coordination.

Elevate Campuses is an education infrastructure company that owns, operates, and manages on-campus student accommodation across higher education institutions (HEIs) and owns K-12 education assets. Its student accommodation business operates under the “Good Host Spaces” and “ScholarZ” brands. As of March 31, 2026, its owned portfolio comprised seven student accommodation campuses with 20,368 beds across six Indian cities and two K-12 assets in Dubai, UAE. Its managed portfolio comprised 14 student accommodation campuses with 55,487 beds under management. The company also provides community and campus technology services for its managed portfolio, including media coverage of HEIs and organising community events. Overall, its portfolio had the capacity to cater to 80,255 students and was present across 15 cities in India and one city in the UAE as of March 31, 2026. The company’s operations include deal sourcing, site selection, development, asset acquisition, asset repositioning, and community engagement.

Moneyview is a consumer-focused, digital-only, credit-led financial services platform serving customers in India through its Moneyview mobile application. The company provides access to financial products through a network of financial partners, including banks, NBFCs, insurance providers, and its NBFC subsidiary. Its offerings include personal loans, credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI transactions, and bill payments. The company launched its personal loan product in the financial year 2017 and expanded its product offerings from August 2024. All products are accessed through a fully digital process on its mobile application. As of June 30, 2026, the company had integrations with 48 financial partners and served 99.04% of pin codes across India. It operates without physical branches and processes close to 200,000 loan applications per day. More than 50% of its employees work in technology and data roles. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements — Rs 325 crore Investment in WFPL, the company’s material subsidiary, for the purpose of augmenting its capital base — Rs 250 crore General corporate purposes

A-One Steels India Limited is a backward and vertically integrated steel manufacturer based in southern India, with a diversified portfolio comprising long and flat steel products and industrial products used in steel manufacturing. The company commenced operations in 2013 with the manufacturing of MS billets at its Gauribidanur facility. Its integrated manufacturing process covers the production of direct reduced iron (sponge iron), MS billets, and finished steel products, including TMT bars, HR coils, CR coils, HR (MS) pipes, CR pipes, and galvanised tubes and pipes. The company also manufactures met coke and ferro alloys, including silicon manganese and ferro silicon, for sale in the open market. The company and its subsidiaries operate six manufacturing units across Karnataka and Andhra Pradesh, with facilities located at Gauribidanur, Hindupur, Chikkantapur, Bellary, and Koppal.

Peshwa Wheat Limited is engaged in processing wheat-based products and other flour products. Its product portfolio includes atta (wheat flour), Sortex wheat, broken wheat, wheat bran, gram flour (besan), and maize flour. The company also trades vegetables such as potatoes and tomatoes within Madhya Pradesh. It sells its flour products through super stockists, who supply wholesalers and retailers, as well as directly to customers purchasing in bulk. The company operates an integrated flour processing unit at the Apparel Cluster Industrial Area in Bijepur, Indore, Madhya Pradesh. The facility has an installed capacity of 56,100 MTPA and is used for processing its wheat and flour products. The company also uses wheat bran generated during the milling process for cattle and poultry feed. Its products are primarily sold in Madhya Pradesh, Maharashtra, Karnataka, and Gujarat.

Roopa Screen Limited is a manufacturer of rotary nickel screens used in rotary screen-printing machines, primarily for continuous printing on fabrics by textile manufacturers. Its rotary nickel screens are cylindrical perforated metal screens available in different mesh counts, thicknesses, and repeat sizes. The company offers Standard, Delta, Penta, and Nova variants for applications ranging from general-purpose printing and fine detailing to heavy paste flow and high-usage printing. It also trades in nickel cathodes, which are used as a key raw material in the production of nickel screens. In financial year 2026, the company supplied rotary nickel screens to more than 200 customers across India, mainly to customers in the textile industry. Its manufacturing operations are carried out at a facility at Gallops Industrial Park-II, Sanand, Ahmedabad, Gujarat. The company also operates a godown in Surat, Gujarat, and a sales depot in Panipat, Haryana, which serve as stocking and distribution points.

Green Asia Impex Limited is engaged in the sourcing, processing and export of frozen seafood and agri-commodities, with a focus on frozen shrimp and dried chillies. The company supplies its products to business-to-business (B2B) customers, including importers, distributors, and food processing entities, in domestic and international markets. Its operations involve procuring raw materials, processing, quality control, and exporting finished products according to customer specifications and applicable food safety and regulatory requirements. The company was incorporated in 2014 and is headquartered in Tadepalligudem, Andhra Pradesh. It has been recognised as a Two Star Export House by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. Green Asia Impex uses company-operated and third-party licensed processing facilities, as applicable. Before establishing its own processing facility in January 2023, the company relied on third-party processing facilities for processing its products.

Orient Cables (India) Limited is a manufacturing company focused on networking cables and passive networking equipment. It manufactures networking cables such as CAT5, CAT5e, CAT6, and CAT6A, along with patch cords, CCTV, and coaxial cables. Its specialty power and optical fibre cable products include instrumentation, control and power cables, Unitube and Multitube optical fibre cables, fibre patch cords and custom assemblies. The company also assembles wire and cable harnesses, EV charging gun cables and other ancillary components. Its other products include keystone jacks, power strips, and power cords. The company provides customised products based on customer requirements and specifications. It has also commenced commercial production of E-Beam irradiated specialty cables and has introduced products such as solar junction boxes and tethered drone systems. As of June 30, 2026, its installed capacity for networking cables, specialty power cables and optical fibre cables was 895,776 kilometres.

AceVector is a digital commerce company operating businesses across value e-commerce, e-commerce enablement software and consumer brands. Its businesses include Snapdeal, a value-focused e-commerce marketplace offering products across fashion, home and general merchandise, and beauty and personal care; Unicommerce, which provides SaaS products for managing e-commerce operations through its Uniware, Shipway, and Convertway platforms; and Stellaro Brands, a consumer brands business operating online channels and omnichannel retail stores. Unicommerce’s products cover order processing, inventory, warehouse and store management, shipping, logistics, and marketing automation. Stellaro Brands currently operates the Rangita women’s ethnic wear brand through online channels and 19 omnichannel single-brand retail stores. AceVector operates through its subsidiaries, including Unicommerce eSolutions Limited and Stellaro Brands Private Limited, and uses shared functions covering technology, finance, legal, human resources and other corporate activities.

Sai Urja Indo Ventures is an operation and maintenance (O&M) services company for industrial plants, primarily in the power generation industry, as well as the iron and steel and agrochemical industries. Its services cover electrical, mechanical, and control and instrumentation maintenance, along with operations of boiler-turbine-generator units, coal handling plants, and merry-go-round systems in power plants. The company also provides industrial housekeeping, equipment overhauls, and skilled and unskilled manpower supply. Its services are provided through annual maintenance contracts, performance-based contracts, manpower supply contracts, and short-term bill of quantity contracts. Over the last three years, the company has served 21 locations across nine states and executed more than 45 projects as of June 15, 2026. It holds valid electrical licences in Maharashtra, Uttar Pradesh, Bihar, Jharkhand, and Madhya Pradesh. The company operates from its registered office in Chandrapur and corporate office in Nagpur.

Runwal Enterprises Limited is a real estate developer involved in residential and other real estate projects. Its residential projects cater to affordable, mid-income, and luxury segments, while its other developments include commercial spaces, retail malls, and educational buildings. The company undertakes greenfield projects involving land acquisition, obtaining regulatory, statutory and environmental approvals, and planning, designing, and developing the projects, including construction. It also undertakes projects through joint development agreements (JDAs) and other asset-light models. As of March 31, 2026, the company had 19 completed projects, 28 ongoing projects, and 33 upcoming projects. Its projects are located primarily in Mumbai.

German Green Steel & Power Limited is a vertically integrated iron and steel manufacturer primarily operating in western India, with a focus on TMT bars. Its product portfolio mainly comprises TMT bars, MS billets, and sponge iron, with TMT bar manufacturing capabilities ranging from 8 mm to 40 mm. The company has also commenced production of cut and bent bars and epoxy-coated TMT bars as value-added steel products. It also plans to further produce and sell corrosion-resistant TMT bars. The company has two manufacturing facilities in Gujarat. The Samakhiyali facility is vertically integrated, while the Viramgam facility is operated through its material subsidiary, German TMT Private Limited. Steel scrap is one of its primary raw materials and is used to recycle ferrous material into finished steel products. Its corporate and registered office is located in Ahmedabad, Gujarat, while the Samakhiyali facility is located near ports in Gujarat.

SRIT India Limited is a Bengaluru-headquartered information technology and IT-enabled services company providing digital solutions, system integration, and automation services. Its operations are organised across healthcare, electronic governance, and telecommunications and broadband. In healthcare, the company provides hospital information systems, revenue cycle management, digital health platforms, system integration, implementation, data migration, and maintenance services. Its electronic governance services include e-governance platforms, cybersecurity solutions, enterprise software and digital service delivery systems for government clients and enterprises. In telecommunications and broadband, it provides networking, connectivity, system integration, and managed services, including fibre optic networks, broadband infrastructure, IP-MPLS networks, and smart city infrastructure. The company also develops AI-enabled solutions, including AI-based video analytics software, and has undertaken projects for power transformer monitoring and digital monitoring. Its delivery processes are appraised at CMMI Level 5 and SSE-CMM and certified to ISO 27034-1:2011, ISO/IEC 27001:2022, and ISO 45001:2018. It has executed over 103 projects in the last decade.

Shah Investors’ Home Limited is a retail broking company that provides equity and derivatives brokerage services. Its services facilitate transactions in equities, IPOs, mutual funds, and other securities, with a focus on secondary market broking for retail customers, including resident and non-resident Indians. The company also provides mutual fund distribution, margin funding, and stock lending and borrowing services under the “Shah Investors” brand. It operates through 11 branches in Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar, and Rajkot, serving customers across Gujarat and Maharashtra. The company also offers digital services through its app-based platform, SIHL Moneymaker, and operates an in-house ERP system across its branches and franchises. In FY26, it launched ALGOFY, an API-powered algorithmic trading platform that supports strategy development, testing, deployment, automation, and management through APIs, pre-built strategies, and a no-code interface. As of March 31, 2026, it had served over 100,000 demat accounts and had more than 38,000 active clients.

Robokidz Eduventures Limited is a technology-enabled learning and skill development company focused on K-12 education. The company provides experiential learning solutions across robotics, artificial intelligence, coding, electronics, and STEM through educational laboratory setup projects, subscription-based programmes, and other educational services. The company operates the Young Engineers Garage (YEG) subscription model and expands its activity-centre presence through the Young Engineers Academy (YEA) franchise model. The company operates through a two-tier revenue model, where laboratory setup projects establish institutional relationships, followed by recurring subscription and other educational services.

FX Multitech Limited is a distributor and exporter of products for the HVAC (heating, ventilation, and air conditioning) and industrial refrigeration industries. Its product portfolio includes compressors, refrigeration and air-conditioning controls, industrial refrigeration controls, variable frequency drives and automation products, specialised components and tools, heat exchangers, cold room evaporators, refrigerants and ancillary products. The company sources products from manufacturers and supplies them to industrial and commercial customers in India and overseas. Its suppliers include Danfoss Industries Private Limited, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company Ltd, KuzuFlex Metal San Ve Tic. A.S., Testo India Pvt. Limited, Refco Manufacturing Limited, US HVAC & Weld Tools, and Honeywell Automation India Ltd., among others. The company is headquartered in Ahmedabad, Gujarat, and has warehouses in Hyderabad, Thane, Kolkata, and Bangalore. Its subsidiary, Everestt Chillers Private Limited, manufactures customised industrial chillers, glycol chillers, chill water air conditioners, and effluent chillers.

Vivekanand Cotspin is engaged in cotton processing and yarn manufacturing. Its operations include ginning raw cotton (kapas) into cotton bales and cotton seeds and spinning cotton bales into cotton yarn. The company also trades in cotton bales and cotton yarn to meet customer requirements. Its product range includes cotton bales, cotton seeds, and cotton yarn, including carded and combed yarn in different counts and quality grades. The yarn is used by textile mills for weaving and knitting fabrics and is sold in domestic and international markets. The company operates a manufacturing facility and spinning mills at Rangpurda, Kadi, in the Mahesana district of Gujarat. The facility is located near cotton-growing areas of Maharashtra and the Saurashtra region of Gujarat. According to the prospectus, the company has an annual production capacity of approximately 4,551 MT of cotton yarn and 8,000 MT of cotton bales.

Anand Seamless Limited is an Indian manufacturer and exporter of tubes and pipes, with nearly two decades of experience in the industry. The company’s products are broadly classified into seamless tubes and pipes and finned tubes. Its products are used across industries such as automobiles, heat exchangers, petroleum, pharmaceuticals, chemicals, oil and gas refineries, thermal and nuclear power plants, boilers, textile machinery, railways and transportation, and defense. The company serves both domestic and international markets. Its manufacturing facility is located in Gujarat. The company has a manufacturing capacity of approximately 3,000 metric tonnes per annum (MTPA) for seamless pipes and tubes and approximately 360,000 MTPA of finned tubes. Its manufacturing processes include cold drawing, heat treatment, auto cutting, eddy current testing and fin welding. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:​ Financing the cost of capacity expansion, technological upgradation, cost optimisation of the operations and support at the manufacturing facility at Mahesana, Gujarat — Rs 13.20 crore Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the company — Rs 5.49 crore General corporate purposes — Rs 3.7 crore.

Varmora Granito Limited is engaged in the manufacturing and sale of tiles, including glazed vitrified tiles (GVT), polished vitrified tiles (PVT), and ceramic tiles. The company primarily sells GVT and technical products, which accounted for 84.19% of its revenue from operations from tiles in FY26. It also commercialised integrated stone technology (IST) in 2024 through a technology partnership with SACMI Imola S.C., an Italian tile equipment provider. In FY26, 81.72% of its revenue from operations came from products manufactured in-house. As of the date of its Red Herring Prospectus (RHP), the company and its subsidiaries operated eight manufacturing facilities in the Morbi cluster of Gujarat. The company sells its products through B2C and B2B channels. As of March 31, 2026, its B2C distribution network comprised 305 exclusive brand outlets and 2,758 multi-brand outlets across India and outside India. Its B2B channels include builders, contractors, developers, and government empanelments.

Himalaya Nutravedics India Limited is engaged in the manufacturing, marketing and distribution of Ayurvedic and nutraceutical formulations in India and also undertakes third-party contract manufacturing for other Ayurvedic and nutraceutical companies. Its product portfolio includes classical Ayurvedic formulations based on recognised Ayurvedic texts, proprietary Ayurvedic formulations and nutraceutical supplements. The products are available in dosage forms such as soft gelatin capsules, hard gelatin capsules, tablets, liquid orals and medicated oils. Its nutraceutical products include formulations using vitamins, minerals, herbal extracts, amino acids and other permitted ingredients. The company operates through both its own-brand and third-party manufacturing businesses. It commenced manufacturing operations in September 2022 from its facility in Cherlapally, Hyderabad, Telangana. The company has a stockist-driven distribution network across multiple states in India and an on-ground sales and marketing team of approximately 56 personnel, including regional managers and medical representatives. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding capital expenditure requirements — Rs 13.75 crore Investment in branding, digital marketing, and sales expansion — Rs 7.50 crore General corporate purposes.

Tempsens Instruments (India) Limited is a thermal engineering and specialised cable manufacturer engaged in the design and manufacture of temperature-sensing solutions, electrical heating solutions, and specialised cables. Its temperature-sensing portfolio includes thermocouples, resistance temperature detectors, infrared pyrometers, online thermal imagers, temperature gauges, pressure gauges, level gauges, thermowells, temperature transmitters, fibre optic temperature sensors, and temperature calibrators. Its electrical heating products include immersion, process, skid, cartridge, band, tubular, flexible and furnace heaters, as well as laboratory and process furnaces. The specialised cable portfolio includes control and power cables, instrumentation cables, thermocouple and RTD cables, heat trace cables and mineral insulated metal sheath cables. The company operates 15 manufacturing units with its subsidiaries and joint ventures, including 10 units in Udaipur, India, and five overseas units in the United Arab Emirates, South Korea, Indonesia, Germany, and Poland. It also has a network of 28 distributors as of March 31, 2026.

Augmont Enterprises Limited is an integrated gold and silver platform serving businesses and consumers across India. Its operations cover procurement and refining of gold and silver, bullion trading, digital gold and silver offerings, jewellery manufacturing, international sales and technology support for gold-backed financial services. The company conducts enterprise sales through its Augmont SPOT platform, which enables jewellers, bullion dealers and manufacturers to purchase gold and silver bars online for physical delivery. Its consumer-focused Augmont Gold For All platform enables customers to buy, sell and store gold and silver digitally, purchase gold through systematic investment plans, buy coins and access technology support for gold loans. The company manufactures gold jewellery at its unit in Sitapur SEZ, Jaipur, Rajasthan, and sells products in international markets, including Hong Kong, Turkey and the UAE. It operates gold and silver refining units in Rudrapur, Uttarakhand and Mumbai, Maharashtra. The company also procures refined bullion and doré bars from domestic and international sources. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding future working capital requirements towards procurement, maintenance and scaling up of inventory and funding advance margin requirements for procurement of inventory by the company — Rs 465 crore General corporate purposes

ABH Healthcare Limited operates a hospital providing tertiary medical care in Ferozepur, Punjab. The company operates the 150-bed Anil Baghi Hospital, which was established in 1985 and acquired by the company in 2022. The hospital provides services across 25 medical specialities, including cardiac sciences, neurology, gastroenterology, laparoscopic and bariatric surgery, urology, pulmonology, nephrology, orthopaedics and joint replacement, obstetrics and gynaecology, critical care, dentistry, physiotherapy, dermatology, laboratory investigations and radiology. The hospital is empaneled with over 30 private and public health insurance companies and third-party administrators, as well as various government schemes. It received NABH accreditation in 2021 and NABH Digital Standards accreditation in FY25. The company also uses a patient portal, website, Computerised Physician Order Entry system, and Electronic Health Record platform. As of June 30, 2026, this 150-bed hospital, as of FY26, had 37 doctors and 101 nurses.

Symbiotec Pharmalab is a pharmaceutical and biotechnology company involved in the development and manufacturing of active pharmaceutical ingredients (APIs), biotechnology products, and complex injectables. Its operations span three platforms — organic chemistry, biotechnology, and complex injectables. The company has a portfolio of over 60 corticosteroid and steroid hormone APIs, including hydrocortisones, betamethasone, methylprednisolones, progesterones, estrogens, and testosterone. It also provides contract development and manufacturing organisation (CDMO) services to pharmaceutical and nutraceutical companies. As of March 31, 2026, the company had two operational API manufacturing facilities at Rau and Pithampur in Madhya Pradesh. It has also commissioned a biomanufacturing facility at Ujjain and a complex injectables facility at Mhow, Madhya Pradesh. The company operates three R&D centres in Indore focused on organic chemistry, biotechnology and complex injectables. Its products and services have been supplied to over 200 customers across more than 40 countries. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale.​ Proceeds from the offer for sale segment will be directed to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company — Rs 112.5 crore General corporate purposes

Skyways Air Services Limited, established in 1984, is engaged in the air freight forwarding and logistics business. Its services include air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, cargo handling, logistics planning and management, and documentation and customs clearance. The company also provides technology-enabled logistics services through platforms supporting freight quotations, booking management, shipment tracking, workflow management, documentation and operational reporting. Its subsidiaries operate across areas including road transportation, warehousing, ocean logistics, cross-border freight forwarding, express cargo delivery and information technology services. The company also has international subsidiaries and operations in markets including Germany, Hong Kong, the UAE, Vietnam, Cambodia, the United Kingdom, the United States, Canada and Saudi Arabia. It operates through a network across 28 cities in 12 states and one Union Territory in India. The company has also expanded its activities into logistics and cargo-related infrastructure, including cargo terminals, container freight stations, logistics parks, warehousing complexes and related facilities.

Madhur Knit Crafts Limited is a textile manufacturer engaged in producing fabrics, blankets and garments. The company commenced commercial operations in 2013 with the manufacture of blankets and has since expanded its product range to include consumer textile products and technical textiles such as paint roller fabrics. Its manufacturing processes include knitting, dyeing, printing, brushing, polishing, sueding and stentering, with capabilities covering the conversion of yarn into finished cloth. The company operates from its registered office and manufacturing facility in Ludhiana, Punjab. Its plant is equipped with circular knitting machines, warp knitting machines, dyeing machines, flatbed and rotary printing machines, stenter machines, brushing, embossing, punching, bonding, shearing and other textile machinery. The company also has an in-house effluent treatment plant for treating wastewater generated during dyeing and processing. Its machinery is sourced from Korea, Taiwan and China, and its operations are certified under ISO 9001:2015.

Hy-Tech Engineers is an engineering company engaged in the design, manufacture, and supply of hydraulic fittings for industrial applications. Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings, and fittings customised to customer specifications. As of March 31, 2026, the company had more than 11,000 SKUs catering to industries such as construction machinery, automotive, farming machinery, injection moulding machines, and hydraulic systems. It operates on a B2B model and supplies products to domestic and international customers through direct sales and a network of distributors and distribution partners. The company operates six manufacturing facilities in India, with four located in Maharashtra and two in Madhya Pradesh. Its facilities at Thane, Pithampur, Shirwal, and Kavathe manufacture hydraulic fittings, while its Nashik facility manufactures forged metal parts, primarily for captive consumption.

Annu Projects Limited is an EPC company engaged in the design, development, implementation, operation and maintenance of overhead and underground utility infrastructure. Its business is divided into four verticals: telecom infrastructure, sewerage infrastructure, gas pipelines and railway signalling. The telecom business includes surveying, designing and installing cabling and tower infrastructure and laying optical fibre cable networks. Its sewerage activities include pipe laying, construction of manholes, sewage treatment plants, pumping stations and stormwater drainage systems. The gas pipeline vertical involves laying MDPE pipelines and GI house connections for domestic and commercial gas supply. The company has also undertaken railway signalling projects. Established in 2003, the company operates across multiple states in India and executes projects through direct contracts, subcontracts, and project-specific joint ventures or consortiums. As of June 30, 2026, it had completed 362 projects and had 23 ongoing projects. It also owned more than 558 machines and pieces of equipment and had 469 permanent employees.

Sumax Engineering Limited is engaged in the manufacturing and trading of products for the automotive original equipment manufacturer (OEM) and auto refinish markets. Its manufacturing portfolio includes adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products. The company also manufactures and supplies paint protection film (PPF), a thermoplastic polyurethane film used on vehicle-painted surfaces. Its trading portfolio comprises electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products. The company operates two manufacturing units, one at SIPCOT Industrial Park, Sriperumbudur, Tamil Nadu, and another at IMT Manesar, Haryana. Its registered office is located in Secunderabad, Telangana. The company’s manufacturing processes are certified under ISO 9001:2015 and IATF 16949:2016 standards.

Lumino Industries Limited is an engineering, procurement and construction (EPC) company involved in manufacturing and supplying conductors, power cables, electrical wires and other specialised products and components for power transmission and distribution and industrial applications. Its manufacturing segment covers aluminium conductors, power cables, and electrical wires, including HTLS conductors, ACSS conductors, ACFR conductors, LV aerial bunch cables, railway signalling cables, thermoset insulated wires, earth wires, and house wires. Its EPC segment undertakes power transmission and distribution, EHV substation, HTLS re-conductoring, railway electrification, solar power, and water management projects. The company operates two manufacturing facilities in Howrah. The company also operates four warehouses covering 156,600 sq. ft.

Kwick Forensic Solutions is a provider of products, solutions, and technologies for forensic sciences, fingerprint science, cyber and digital forensics, DNA forensics, social media analytics and big data analytics, primarily for law enforcement and forensic investigation applications. The company supplies forensic science and physical evidence solutions, including fingerprint and evidence collection kits, handheld forensic devices and laboratory equipment, mobile crime scene investigation vehicles, cyber and digital forensic tools, and DNA forensic solutions. The company also provides forensic equipment on a rental or sublease basis, including handheld liquor-detection scanners and other detection, scanning, and imaging systems, along with manpower support where required. Its customers include police stations, central and state forensic laboratories, fingerprint bureaus, crime investigation departments, police training academies, and universities offering forensic science courses. The company procures forensic products through a combination of domestic sourcing and imports, while certain forensic kits and handheld devices are assembled or developed in-house. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale.​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be used for the following purposes:​ Funding the working capital requirement of our company — Rs 31.42 crore General corporate purposes

Priority Jewels India Limited is engaged in the design, manufacturing and sale of lightweight diamond-studded gold and platinum jewellery. Its product portfolio includes daily-wear jewellery such as rings, earrings, pendants, neckwear, and bracelets, as well as occasion couture jewellery and lab-grown diamond jewellery manufactured against specific customer orders. The company supplies its products to independent jewellers and jewellery chains in India and select international markets, including CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited, and Senco Gold Limited. As of June 30, 2026, it had more than 200 customers, including 125 independent jewellers and 53 jewellery chains, and exported to 13 countries. The company operates two manufacturing facilities in Mumbai, Maharashtra, including an integrated facility in MIDC, Andheri East, and another facility at SEEPZ SEZ. Its manufacturing processes include design, prototyping, casting, polishing, stone setting, and quality control.

ESDS Software Solution is an artificial intelligence (AI)-enabled cloud, managed services, data centre infrastructure, and software solutions provider in India. Its offerings include infrastructure-as-a-service (IaaS), managed services, and software-as-a-service (SaaS). The IaaS portfolio includes colocation and data centre services, public, private, virtual private, hybrid, and community cloud services, cloud computing, and GPU-as-a-Service (GPUaaS). Its managed services include cloud and data centre management, cybersecurity and compliance, IT infrastructure and network management, backup and disaster recovery, database management, DevOps, and automation services. The company operates five data centres in Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida, covering an aggregate area of over 75,266 square feet. Its SaaS portfolio includes data centre management and monitoring software, vulnerability scanners, web access firewalls, and virtual private network (VPN) solutions. The company also provides services to banking, financial services, and insurance (BFSI) companies, government entities, and enterprises. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Purchase and installation of cloud computing and other equipment and infrastructure for relevant data centres – Rs 576 crore General corporate purposes

Paluck Technologies Limited is an engineering services and infrastructure support company engaged in automobile & engineering services, logistics & equipment rental, and telecom engineering services. Its services include concrete transportation, construction equipment rental, RMC plant setup, infrastructure and construction logistics, telecom site implementation and maintenance, and servicing of diesel and gas generators. The company also operates authorised service centres and dealerships for commercial vehicles and two-wheelers, including maintenance services and spare parts distribution in Haryana. Its vehicle fleet is managed through ERP, SAP, and GPS tracking systems. The company operates across Delhi NCR, Rajasthan, Haryana, Madhya Pradesh, Gujarat, Odisha and Jammu & Kashmir, with its operations supported by OEM partnerships and service arrangements.

Complete Sports and Management India Limited (CSML) is engaged in the sourcing, trading and distribution of amusement and leisure equipment, along with installation, commissioning, maintenance, advisory, and consulting services. Its product portfolio includes bowling solutions, arcade games, soft play areas, trampoline parks, laser tag systems, bumper cars, go-karting systems, cashless gaming systems, spares, and accessories. The company is an authorised distributor of Brunswick Bowling Products LLC in India, Singapore, Malaysia, and Indonesia and also has relationships with other international amusement equipment manufacturers. Its customers include family entertainment centres, clubs, hotels, resorts, corporate clients, and residential developments. CSML operates in India and Singapore and has a wholly owned subsidiary in Singapore. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding the capital expenditure requirements of the company towards the purchase of gaming equipment and other capital equipment, including computers, printers and software, equipment and tools, and CCTV and safety equipment, for its existing warehouse located at Bhiwandi, Maharashtra – Rs 39.88 crore Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company from banks and financial institutions – Rs 11.50 crore Funding the capital expenditure requirements for setting up of the ‘Duckpin – The Bowling Bistro’ entertainment centre in Mumbai – Rs 8.09 crore General corporate purposes

Purple Style Labs Limited is a multi-brand luxury fashion platform serving customers in India and international markets through online and physical channels. Its product categories include womenswear, menswear, jewellery, accessories, and kidswear, with a focus on wedding and occasion wear. As of March 31, 2026, the platform offered products from 1,109 active designer brands. Customers can purchase products through the company’s website, mobile application, telephonic and digital sales channels, experience centres, and events and exhibitions. The company operates 14 experience centres globally, including 12 in India, one in London and one in New York. Its Indian experience centres are located in Mumbai, Delhi, Bengaluru, Chennai, Kolkata, Ahmedabad, Indore, Hyderabad, and Surat. The company also operates large format experience centres ranging from 20,000 to 60,000 square feet in built-up area in Mumbai, Delhi, and New York. Pernia’s Pop-Up Shop acquired its website and related business assets and intellectual property in February 2018.

Shanti Inorganics is engaged in the manufacturing and supply of sulphur-based inorganic chemicals. Its product portfolio includes ammonium bisulphite solution, sodium bisulphite powder and solution, sodium metabisulphite, and sodium sulphite powder/anhydrous. These products are used as preservatives, reducing agents, oxygen scavengers, and process intermediates across industries such as food and beverages, chemicals, oil drilling, pharmaceuticals, ceramics, agrochemicals, water treatment, petrochemicals, cosmetics, paints, polymers, boilers, and mining. The company operates two manufacturing units in Ahmedabad, Gujarat. Manufacturing Unit I at Vatva has an installed capacity of 18,800 metric tonnes per annum (MTPA), while Phase I of Manufacturing Unit II at Bavla commenced commercial production in February 2025 with an installed capacity of 18,000 MTPA. Phase II of the Bavla facility is under development with a proposed capacity of 78,544 MTPA. The company holds ISO 9001:2015, NSF, KOSHER, HACCP, and HALAL certifications and sells its products in the domestic and international markets.

Phychem Technologies Limited manufactures rotational moulding (roto moulding) compounds used as raw materials for producing hollow plastic products. Its product portfolio primarily includes customised polyethylene-based compounds formulated using linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE) and specialty additives, supplied in powder or granulated form. These compounds are used in products such as water, fuel, and chemical storage tanks, portable sanitation units, furniture and industrial containers. The company also manufactures custom-moulded tanks and provides jobwork services, including rotolining and toll pulverising. In addition, it undertakes trading and distribution of chemicals, compounds, tools, and equipment used in the rotational moulding industry. The company operates its manufacturing facility at Khatwad, Dindori, Nashik, Maharashtra, which includes a laboratory and quality control department. Its manufacturing process includes blending, pelletising and pulverisation. The company exports its products to various countries and is an ISO 9001:2015 certified company.

Ashutosh Fibre is a manufacturer of technical and synthetic yarns and fabrics for industrial and specialised applications. The company operates across four categories of technical textiles: Indutech, Protech, Hometech, and Mobiltech. Its products are used in applications including filtration, construction, automotive, packaging, protective equipment, and home furnishing. The company supplies its products directly to industrial manufacturers, processors, and institutional buyers under a business-to-business (B2B) model. It also undertakes yarn trading and job work services, with manufacturing being its principal activity.

Rays of Belief Limited is a for-profit social enterprise that provides intervention plans for children with neurodevelopmental disorders (NDDs), including Autism Spectrum Disorder, ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities and Global Developmental Delays. Its personalised intervention plans are based on each child's needs and condition severity. The company provides early intervention, parental guidance, occupational therapy, language therapy, and family support programmes through its centres and digital e-therapy programmes. Its services primarily cater to children aged 18 months to 12 years, with programmes for children up to 15 years focused on vocational and life skills. The company operates under the brand name Mom’s Belief and had 136 centres across 57 cities in 20 states and Union Territories in India as of March 31, 2026. It also has three centres in Virginia, USA, following its acquisition of Mom’s Belief US, Inc. in June 2025.

Fly-Hi Maritime Travels Limited is a marine travel company engaged in managing end-to-end travel arrangements for crew members of commercial shipping companies. The company was incorporated in September 2021 and was converted into a public limited company in December 2025. The company manages various aspects of crew travel, including airline tickets, ground transportation, hotel accommodation, and visa applications, to facilitate the movement of crew members from their home countries to their designated ports of boarding. The company works with commercial shipping companies across more than six countries and focuses exclusively on addressing the travel requirements of maritime crew. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding working capital requirements of the company — Rs 24.24 crore Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company — Rs 4 crore Towards talent acquisition for business marketing and development activities — Rs 1.80 crore General corporate purposes — Rs 6.36 crore

Farm Peace Limited is an integrated contract farming company focused on cultivating and supplying processed-grade potato varieties to food processing companies. The company works with farmers under a 100% buy-back model. It provides certified seed varieties, agronomic support and technical assistance covering land preparation, sowing, irrigation, pest management, harvesting and post-harvest handling. Its potato varieties include Santana, Frysona, Innovator, Lady Rosetta and Chipsona, which are used in products such as French fries, potato chips, flakes, powders and other processed potato products. The company also supplies processing-grade potatoes to frozen food manufacturers, snack companies and other processing units. It operates primarily in Gujarat and, as of FY26, cultivated over 5,660 acres and produced 61,680 metric tonnes of potatoes annually. Its operations are supported by the Farm Peace mobile application, which is used for farmer KYC, seed distribution and recording field-level activities. The company also uses leased cold storage facilities and temperature-controlled logistics in Gujarat.

Deepa Jewellers is a business-to-business (B2B) company engaged in designing, processing and supplying 22-karat hallmarked gold jewellery to jewellery retail chains and standalone stores. The company also undertakes job work assignments and trades in silver ornaments, 18-karat and 20-karat gold ornaments, precious stones, and gold bullion. Its jewellery portfolio includes vaddanam which is a a traditional South Indian gold waist belt, CNC machine-cut bangles, gents kada, vanky, dandpatti, necklaces, kangan, earrings, mangtika, maatil, jada, rings, and bracelets, among other products. As of July 31, 2026, it had 16 product categories and 110 SKUs, with 15 in-house designers. The company follows an outsourced manufacturing model and works with a network of 41 karigars. It supplies gold, alloys, and precious stones to the karigars, who manufacture jewellery according to its designs and specifications. The company is setting up an in-house manufacturing facility in Hyderabad, Telangana, and operates a sales office in Vijayawada, Andhra Pradesh, which was opened in November 2025.

Qualiance International is engaged in the design, engineering, manufacture and export of performance garments for institutional, government, and brand clients in international markets. Its product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear, and performance activewear. The company operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of 450,000 garment pieces per annum. The facility also undertakes specialised processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting, and lamination. The company primarily generates revenue from exports to clients across Europe and North America. It holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 14064-1:2018, SA 8000, Global Organic Textile Standard and Global Recycle Standard certifications, and has undergone a Sedex Members Ethical Trade Audit. It also holds Two Star Export House status from the Government of India. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur, Tamil Nadu – Rs 38 crore General corporate purposes

Apana Logistics Limited, incorporated in 1992 and headquartered in Kolkata with corporate offices in Mumbai, provides integrated logistics solutions across India. Its operations cover container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, alongside road transportation, cargo handling at third-party warehouses, and truck-trailer maintenance. Managed by promoter Mr. Pratyaksh Sureka, the company operates via a hybrid model of owned and rented fleet assets, expanding revenue from ₹2,009.64 lakhs in FY24 to ₹3,085.13 lakhs in FY26.

Pranav Constructions is a Mumbai-based real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) region. The company focuses on redeveloping existing residential properties by demolishing older structures and constructing new premises for existing occupants and homes for sale. Its projects cater to the economical, mid- and mass, and aspirational housing segments. As of March 31, 2026, its portfolio comprised 65 redevelopment projects, including 28 completed projects, 20 under-construction projects, and 17 upcoming projects. These projects had a combined total developable area of approximately 5.01 million square feet. The company predominantly operates in the western suburbs of Mumbai, including Vile Parle, Santacruz, Juhu, Andheri, Jogeshwari, Goregaon, Malad, Kandivali, Borivali, and Dahisar. Pranav Constructions follows an integrated redevelopment model and handles activities across tendering, pre-construction, construction, and post-construction stages. It began undertaking redevelopment projects in 2012. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation and hardship compensation in relation to the development of certain of the under-construction and certain upcoming redevelopment projects — Rs 145.72 crore Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the company — Rs 91.5 crore Funding acquisition of future redevelopment projects and general corporate purposes.

Kanohar Electricals Limited is a company engaged in transformer manufacturing and engineering, procurement and construction (EPC) activities in the power transmission and distribution sector. Its transformer manufacturing business covers transformers used in power transmission, railways, renewable energy, and power distribution. As of March 31, 2026, the company had short circuit test certification for 500 MVA 400 kV transformers and had conducted short circuit testing for more than 200 ratings. It is also certified by the Research Designs and Standards Organisation (RDSO) to manufacture 100 MVA 132 kV Scott transformers and is certified to manufacture 100 MVA 220 kV Scott transformers for railway electrification. Through its EPC business, the company undertakes turnkey installation of air and gas-insulated substations, bay augmentation of existing substations up to 400 kV, and transmission lines across 132 kV, 220 kV, and 400 kV. Its EPC activities include design, engineering, procurement, supply, erection, testing, and commissioning of electrical infrastructure.

Prasol Chemicals Limited is a specialty chemicals manufacturer incorporated in 1992. The company is involved in the manufacture of acetone-based, phosphorous-based and other specialty chemicals involving complex chemistries. Its product portfolio comprises over 150 specialty chemical products, including 21 acetone-based chemicals, 53 phosphorous-based chemicals and 76 other specialty products such as surfactants, performance additives, ethers, esters, polymers and acids. These products are used across performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care industries. The company manufactures products such as diacetone alcohol, isophorone, hexylene glycol, meta xylenol, phosphorous pentasulphide, phosphorous pentoxide, dithio-phosphates, polyphosphoric acid, DETC and phosphate esters. As of July 15, 2026, the company had over 1,600 customers and exported its products to 69 countries. The company also states that it was the only manufacturer of isophorone in India during the period covered by the CARE Report.

Glass Wall Systems (India) Limited is engaged in providing façade and fenestration solutions in India and international markets, including the United States and Australia. The company offers curtain wall façades, storefront systems, unitised and semi-unitised façades, frameless façades, windows, doors, skylights, and partition systems. Its operations are divided into domestic façade solutions, international façade product supply, and fenestration solutions. The company provides services across design, engineering, fabrication, manufacturing, supply, and installation. Glass Wall Systems operates its primary manufacturing facility at Vile Bhagad, Maharashtra, with a developed area of 32,415.45 square metres and a production capacity of 130 panels per day. The facility operates under ISO 9001:2015 and ISO 45001:2018 certifications.

Rentomojo Limited is a technology-driven direct-to-consumer online rental and subscription platform for furniture and appliances in India. The company offers furniture and home appliances, including beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions, and water purifiers, through flexible subscription plans. Its portfolio includes products from brands such as Haier, Wakefit, Livpure, and Duroflex, along with products sold under its private-label brands. Rentomojo manages various stages of the asset lifecycle, including category management, product design, procurement, refurbishment, servicing, reverse logistics, and redeployment of products across multiple subscription cycles. As of March 31, 2026, the company had 253,825 live subscribers across 29 cities in India and a portfolio of 851,184 live products. Its omni-channel operations include an online ordering platform and 82 experience stores across India. The company also launched private-label refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited, along with its own branded water purifiers. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the company — Rs 70 crore Payment of lease rental/license fee for the warehouses and experience stores — Rs 42.5 crore General corporate purposes

LCC Projects is a multidisciplinary engineering, procurement and construction (EPC) company primarily engaged in irrigation and water supply projects. The company undertakes projects including dams, barrages, weirs, hydraulic structures, canals, pipe distribution networks, lift irrigation works, and water supply schemes. The company has also executed a metro rail project involving the construction of a station, approaches and viaducts, and is currently executing a mining development and operations project. As of FY26, its order book comprised 103 projects. LCC Projects operates across 12 states in India and has experience in executing projects across varied geographical and terrain conditions. The company has also established a manufacturing unit in Jaspur, Gujarat, for producing precast concrete elements used in infrastructure and construction projects. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Purchase of equipment — Rs 14.69 crore Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company — Rs 180 crore General corporate purposes

Karamtara Engineering is a backward integrated manufacturer of products for the renewable energy and transmission line sectors. Its product portfolio includes solar module mounting structures, solar tracker piles and piers, solar torque tubes, lattice towers for transmission lines, fasteners, structural steel profiles, and overhead transmission line (OHTL) hardware fittings and accessories. The company has also commenced production of angular and tubular towers for wind turbines. As of March 31, 2026, Karamtara Engineering operated 13 manufacturing facilities, comprising eight facilities in Maharashtra, four in Gujarat, and one in Italy. Its aggregate installed manufacturing capacity stood at 889,200 MTPA, excluding galvanising capacity, along with a capacity of 480,000 pieces at its Italy facility. The company also operates in-house galvanising facilities and rolling mill furnaces. It has a global delivery presence, with exports to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America. Use of proceeds: The IPO is a combination of a fresh issue of shares and offer for sale.​ The net proceeds from the offer for sale will go to the selling shareholders, whereas those from the fresh issue will go to the company and will be utilised for the following purposes:​ Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and acceptances, in part or full - Rs 600 crore General corporate purposes

Vinod Texworld Limited is engaged in the manufacturing, processing, and supply of textile products, primarily dyed and printed fabrics. Its product portfolio includes cotton, polyester, and blended fabrics, catering to the fast-fashion segment and evolving customer requirements. The company supplies products based on customer specifications across domestic and international markets. Its domestic network covers several states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and West Bengal. During FY25, the company also exported its products to Nepal. The company claims to have also undertaken initiatives towards adopting sustainable practices and incorporating renewable and green energy solutions to improve operational efficiency and reduce its carbon footprint. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Expansion of Existing Plant – Rs 6.39 crore Repayment of Loan – Rs 6.50 crore To meet working capital requirements – Rs 18.50 crore General corporate purposes Issue expenses

Manipal Payment & Identity Solutions Limited is a provider of payments, identification, secure, smart tagging, and Internet of Things (IoT) solutions for banks, fintechs, non-banking finance companies, and governments in India and international markets. Its payment solutions include payment cards, cheque solutions, near-field communication (NFC) and quick-response (QR) codes, payment-enabled wearables and digital automation solutions. Its identification solutions include driving licences, registration certificates, national identity cards, and transit management solutions. The company’s secure solutions include secure logistics, insurance policy personalisation, premium notices, renewal letters, marketing collaterals, tamper-evident envelopes, holograms and coated products. Its smart tagging and IoT solutions include excise labels with holograms and encrypted QR codes, RFID-based IoT and track-and-trace solutions, and anti-counterfeiting solutions. Incorporated in 2008, the company is part of the Manipal Group. It acquired the variable data printing and secure logistics business of Manipal Technologies Limited in 2024 and its smart tagging and IoT solutions and related security printing businesses in 2025. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Capital expenditure on equipment — Rs 238.43 crore General corporate purposes

Asset Reconstruction Company (India) Limited (ARCIL) is an asset reconstruction company engaged in acquiring stressed assets from banks and financial institutions and resolving them through restructuring, settlements, enforcement of security interests, and other recovery mechanisms. It operates across three business verticals – Corporate loans, SME and Other loans, and Retail loans. It acquires both single-credit and portfolios of secured and unsecured stressed assets. The company generates fee and investment income through various acquisition structures, including cash acquisitions, co-investor acquisitions, ordinary security receipt acquisitions, and structured acquisitions.

Steamhouse India Limited is engaged in the generation and centralised distribution of industrial gases, primarily steam and nitrogen, through its pipeline network. Its operations include generation and distribution of steam through community boiler systems, purchase and distribution of steam generated by third parties, and separation, compression and distribution of nitrogen. The company also undertakes coal trading, primarily involving excess coal procured for its industrial gas operations. The company operates seven community steam boilers in Gujarat across Vapi, Ankleshwar, Sarigam, Nandesari, and Panoli, with an aggregate installed steam capacity of 345 TPH as of July 31, 2026. It also distributes purchased steam in Dahej GIDC (Phase 1) and Sachin GIDC. Its nitrogen generation and distribution facility at Ankleshwar has a capacity of 350 NM³ per hour. Its customers operate across sectors including pharmaceuticals, chemicals, textiles, agrochemicals, tyres, dyes and pigments, polymers, and paints. Use of proceeds: The IPO is a combination of a fresh issue of shares and an offer for sale.​ The net proceeds from the offer for sale will go to the selling shareholders, whereas those from the fresh issue will go to the company and will be utilised for the following purposes:​ Repayment or prepayment of certain outstanding borrowings – Rs 180.00 crore Capital expenditure for infrastructure development – Rs 75.95 crore Capacity expansion of Ankleshwar Facility (Phase 3) – Rs 37.98 crore Capacity expansion of Panoli Facility (Phase 2) – Rs 37.98 crore Capital expenditure for setting up a steam generation facility at Dahej GIDC (Phase 2) – Rs 38.17 crore General corporate purposes

Amtech Esters Limited is a B2B manufacturer of unsaturated polyester resins (UPRs) and also trades in complementary products used in resin and fibre-reinforced plastic (FRP) applications. Its product portfolio includes different grades of UPRs, fibreglass products, hardeners, silicones, and ancillary products. Through its wholly owned subsidiary, Croda Pigments Pvt Ltd (CPPL), the company also manufactures pigments used as colourants and additives in industrial and household applications. The company’s products are used across industries, including automotive, electrical and switchgear, fashion and apparel accessories, decorative products, and other industrial applications. Amtech operates manufacturing facilities in Bahadurgarh, Haryana. Its UPR manufacturing facility has an installed capacity of 2,960 MTPA, while CPPL’s pigment manufacturing facility has an installed capacity of 382.20 MTPA as of March 31, 2026. Use of proceeds: The IPO is a fresh issue of shares.​ So, the net proceeds from the fresh issue will go to the company and will be utilised for the following purposes:​ Investment in its wholly owned subsidiary, Croda Pigments Pvt Ltd, by way of debt — Rs 8.81 crore a. Towards capital expenditure requirements of the wholly owned subsidiary b. To meet the incremental working capital requirements of the wholly owned subsidiary Repayment or prepayment, in full or in part, of certain borrowings availed by the company — Rs 3.98 crore Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Asset Reconstruction Company (India) Limited (ARCIL) is an asset reconstruction company engaged in acquiring stressed assets from banks and financial institutions and resolving them through restructuring, settlements, enforcement of security interests, and other recovery mechanisms. It operates across three business verticals – Corporate loans, SME and Other loans, and Retail loans. It acquires both single-credit and portfolios of secured and unsecured stressed assets. The company generates fee and investment income through various acquisition structures, including cash acquisitions, co-investor acquisitions, ordinary security receipt acquisitions, and structured acquisitions.

Panchatv Bharat Limited is a manufacturer and wholesale distributor of denim fabrics in India. The company offers grey fabrics and finished denim fabrics, which are distributed across markets including Delhi, Uttar Pradesh, Gujarat, Haryana, and Rajasthan. Its denim fabrics are manufactured under its own brand through third-party manufacturing arrangements and a leased self-production facility. The company has partnered with manufacturing facilities in Narol and Piplaj, Ahmedabad, for outsourced production, where finished denim fabrics are produced from cotton yarn supplied by the company. The manufacturing process includes yarn warping, yarn dyeing, weaving through air jet looms, finishing treatments, and fabric inspection. The company also procures fabrics from distributors and suppliers for wholesale distribution. In addition to third-party manufacturing and trading activities, the company has set up a limited self-manufacturing line using leased machinery, with commercial operations yet to commence in full. The company was incorporated in March 2024.

Raksan Transformers is an ISO 9001:2015 certified company, which manufactures transformers across different voltage ratings. Its product portfolio includes distribution transformers, power transformers, transformers for solar applications, and special purpose transformers, which are used in power generation, transmission and distribution networks, and various industrial and infrastructure projects. The company began operations in 1995, initially providing repair and servicing of distribution and power transformers, and started manufacturing transformers in 2005-06. As of March 31, 2026, the company operates two manufacturing facilities at HSIIDC Industrial Estate, Rai, District Sonepat, Haryana, with a combined area of approximately 3,037.5 sq. mtrs. The facilities have an installed production capacity of approximately 1,500,000 KVA for distribution transformers and 1,350 MVA for power transformers. The company also has a backward integration arrangement through its group company, SHR Powers Private Limited, which manufactures transformer tanks and bodies used in its production. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding capital expenditure towards setting up a manufacturing facility at Liwaspur, Distt. Sonepat, Haryana — Rs 62.14 crore To meet working capital requirements — Rs 35 crore Repayment of certain borrowing availed by the company, in part or full — Rs 7.28 crore General corporate purposes

Veegaland Developers is a real estate development company engaged in the planning, development and sale of multi-storied residential apartment projects in Kerala, India. The company develops residential projects across the mid-premium, premium, ultra-premium, luxe-series, and ultra-luxury segments under the ‘Veegaland Homes’ brand. Its projects are developed in accordance with applicable RERA provisions. Veegaland Developers has undertaken residential projects across different cities in Kerala. The company commenced its residential real estate operations in 2011 with the development of its first project, Green Clouds, in Kochi. The company carries out construction through independent third-party civil contractors, subcontractors, and vendors, while external consultants provide architectural, structural engineering, and MEP design services. The company’s in-house engineering team oversees project planning, supervision, quality control, and regulatory compliance. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding a part of the expense to be incurred in the development of the ongoing projects — Rs 119.82 crore Funding unidentified acquisition of land and general corporate purposes

Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company. It is engaged in the manufacturing, branding, marketing, and distribution of stainless-steel bottles and allied drinkware products for retail and institutional customers. Its product portfolio comprises Standard Products, including stainless-steel bottles for routine use, and Novelty Products, including tumblers, feeding bottles, and gym shakers. The company also undertakes OEM and private-label manufacturing, offering customised products for corporate gifting, institutional buyers, and brand partners. Manufacturing operations are primarily undertaken through its subsidiary, Dewdrop Bottles Private Limited, which operates two facilities in Sonipat, Haryana. These facilities have an installed production capacity of approximately 45.24 lakh units annually across 223 SKUs. The company has a pan-India distribution network of 101 distributors across 17 states and two Union Territories, supported by modern trade and online sales channels. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiary from banks — Rs 24.10 crore Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary — Rs 21.41 crore General corporate purposes

Om Galaxy Limited designs, develops, and manufactures moulds, hot runner systems (HRS), and cleaning products. The company manufactures pipe fittings and industrial moulds for the building materials and plastics and polymer processing industries. Through its subsidiary OMG Auto Mould Private Limited, it manufactures automotive moulds for the automotive and auto components industry. In contrast, its subsidiary Infuse HRS Private Limited manufactures hot runner systems used in injection moulding processes. The company also manufactures cleaning products under the WONDRA brand, including mops, brushes, scrubbers, wipers, and brooms. Its products cater to industries such as building materials, plastics and polymer processing, automotive and auto components, and industrial and engineering applications. Om Galaxy, along with its subsidiaries, operates seven manufacturing units with a total area of 88,652.16 sq. ft. across Vasai in Palghar district and Pune, Maharashtra.

Injecto Polymers Limited is a manufacturer of packaging products and trades in plastic granules and polyvinyl chloride (PVC) resins. Its manufactured products include polypropylene (PP) woven fabrics and bags, biaxially oriented polypropylene (BoPP) bags, leno bags, low-density and polyester pouches, flexible intermediate bulk container (FIBC) bags, and non-woven bags. These products are used for packaging applications across industries such as agriculture, construction, textiles, chemicals, and consumer goods. The company primarily operates on a business-to-business (B2B) model and supplies products in customised shapes and sizes based on customer requirements. Its manufacturing operations use raw materials including PP granules, linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), plastic resins, and specialty polymers. The company operates two manufacturing units in West Bengal, located at Jaugram, Jamalpur, and Panchpara, Howrah. Unit I also has an in-house testing facility and a 1 MWp rooftop solar power plant. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company — Rs 10 crore Funding the capital expenditure towards setting up phase IV at the existing manufacturing facility — Rs 30.50 crore General corporate purposes

Established in 1999, Century Business Media provides Out-of-Home (OOH) advertising services through digital and non-digital media formats. Its operations primarily cover Airport Out-of-Home (AOOH) and Railway Out-of-Home (ROOH) advertising, and it has recently expanded into Metro Out-of-Home (MOOH) advertising and in-shop branding. The company offers advertising spaces within and outside airport terminals, railway stations, and railway land, as well as traditional city media formats such as hoardings, billboards, unipoles, multipoles, pole kiosks, wall wraps, wall paintings, lollipops, and gantries. It holds exclusive advertising rights at Patna, Ranchi, Deoghar, Darbhanga, and Jorhat airports, along with non-exclusive or marketing rights at other airports. In the railway segment, it holds exclusive advertising rights outside station campuses across 714 railway stations under the East Central Railway zone. The company also holds Platform Screen Door advertising rights at Howrah and Esplanade metro stations. Its operations have a presence across Bihar, Jharkhand, West Bengal, and the North Eastern states, while it also undertakes advertising campaigns across India through exclusive and non-exclusive media rights. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding capital expenditure towards purchase of media assets – Rs 4.21 crore Payment of security deposit for advertising rights at Patna airport – Rs 3.76 crore Repayment of certain borrowing availed by the company – Rs 1.45 crore To meet working capital requirements – Rs 3.25 crore General corporate purposes

Manika Plastech is a design-led, precision-engineered rigid polymer packaging manufacturing company catering to industries including energy storage, dairy and edible food products, paints, chemicals, automotive, telecommunications, lubricants, and agrochemicals. The company offers customised rigid polymer packaging solutions, covering product design and development, raw material sourcing, manufacturing, heat sealing, labelling, quality assurance and delivery. Its portfolio includes high-performance battery casings, pails and food-grade thinwall containers, with 30 registered designs under its intellectual property portfolio. The company has seven operating facilities, including six manufacturing facilities across Dehradun, Hosur, Panipat, Una and Dadra, along with a dedicated paint facility in Hosur.

Vama Wovenfab Limited is engaged in the manufacturing and sale of polypropylene (PP) and high-density polyethylene (HDPE) woven sack bags and fabric-based products. Its product range includes woven sack bags, HDPE trampolines and coloured woven fabric sheets, and loop handle bags, manufactured in different weights, sizes, and colours based on customer specifications. The company also trades in plastic granules and provides customised bulk packaging products to B2B manufacturers and traders across industries such as agriculture, chemicals, food processing, food grains, sugar, fertilisers, and cement. Its manufacturing process uses plastic granules that are melted, extruded into tapes, and woven into fabric, which is then converted into woven bags. The company operates a manufacturing unit at Bhimpore, Daman, where production commenced in 2013. Its registered office is located at Borivali (West), Mumbai. The manufacturing unit is ISO 9001:2015 certified for its quality management system.

Quanto Agroworld is engaged in the cultivation, processing, and supply of medicinal and aromatic plants (MAPs) in India, with lemongrass as its primary crop. The company undertakes activities including land preparation, plantation, crop management, harvesting, steam distillation, packaging, and dispatch. Its products include lemongrass biomass, lemongrass tea-cut, and lemongrass essential oil, which are supplied primarily to institutional and B2B customers across India. The company’s cultivation operations are undertaken on government-leased agricultural land and privately leased farmland. It has approximately 424 acres of developed MSFCL land under cultivation, 312.57 acres under development, and 165.33 acres of privately leased agricultural land managed through its subsidiary, Quanto Agritech Private Limited. Its processing facility located at Ravalgaon, Maharashtra, is spread across approximately 0.50 acres. The facility has steam distillation units, storage infrastructure, and related utilities, with a certified installed essential oil processing capacity of approximately 11.25 metric tonnes per annum (MTPA). Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure for distillation plant at Ravalgaon, Maharashtra – Rs 3.79 crore Capital expenditure for expansion and development of farms – Rs 15.23 crore Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company – Rs 3.63 crore General corporate purposes – Rs 4.65 crore

Shakti Polytarp is a manufacturer of tarpaulin and water-resistant materials used for protecting goods, equipment, and other products from rain, moisture, and weather-related exposure. Its tarpaulins are manufactured using PP granules, LLDPE, LDPE, and HDPE and are available in different sizes, colours, specifications and thicknesses ranging from 70 GSM to 450 GSM. The company specialises in manufacturing six-layer and eight-layer tarpaulins and sells its products under the brand name Dinotarp. Its manufacturing unit is located at Nimrani, Khargone, Madhya Pradesh, and spans approximately 198,450 sq. ft. The facility is equipped with an extrusion tape line, extrusion lamination, circular looms, sealing machines, and recycling machines. Products undergo examination, testing, and evaluation for compliance with customer specifications and industry standards. The company also sells granules used as raw materials in tarpaulin manufacturing. It primarily operates on a B2B model, supplying products to businesses across industries, while also catering to B2C customers.

Jindal Supreme (India) Limited is engaged in the manufacture and supply of steel pipes, tubes, and related products for infrastructure and industrial applications. Its product portfolio includes mild steel (MS) black pipes and tubes, galvanised pipes and tubes, metal beam crash barriers, and galvanised iron (GI) tubular poles. These products are used in water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, rural electrification, and other applications. The company primarily sells its products directly to institutional buyers, including infrastructure contractors and industrial customers, and also supplies through a network of dealers, mainly in northern states of India. The company commenced operations in 1974 and has expanded its product portfolio over the years. Its manufacturing facility is located in Hisar, Haryana, and is equipped with machinery, mills, welding plants, and galvanising plants, along with an in-house maintenance workshop and testing equipment.

SS Retail is a multi-brand retail chain engaged in selling mobile phones, accessories, and other electronic items. The company operates across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat and serves customers across metros, mini-metros, Tier I, Tier II, Tier III, and beyond cities. Its stores covered a total area of 241,365 square feet as of March 31, 2026. The company had expanded its store network from 236 stores across 109 cities as of March 31, 2024, to 503 stores across 215 cities as of March 31, 2026, including 458 in Maharashtra. The company commenced operations in Gujarat in FY27. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding capital expenditure for setting up new stores in FY27 and FY28 — Rs 12.45 crore Part funding the incremental working capital requirements of the company — Rs 241.35 crore General corporate purposes.

Hero Motors is an automotive technology company engaged in designing, developing, manufacturing, and supplying powertrain solutions to automotive OEMs in the United States, Europe, India, and the ASEAN region. Its offerings cover design, prototyping, validation, development, and delivery of system-level and component-level solutions for electric and non-electric powertrains. The company’s products are used across two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications. Its key offerings include continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The company operates through two business segments: Powertrain Solutions and Alloys and Metallics (A&M). Powertrain Solutions comprises Gears and Transmissions (G&T) and Bike Powertrain (BPT), while A&M provides sheet metal and tubular assemblies and component solutions primarily to automotive OEMs. As of FY26, the company operated six manufacturing facilities across India, the United Kingdom and Thailand, along with two technology centres in the United Kingdom and India. It has in-house design, engineering, manufacturing, testing and validation capabilities and is also setting up additional facilities in Ludhiana, Punjab and Bengaluru, Karnataka.

Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production and processing of finished fabrics. The company manufactures 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends and polyester blends. It also processes 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics. In addition to manufacturing its own fabric, the company undertakes processing of greige fabric on a job-work basis for third-party customers based on specified quality, colour, finish and other requirements. Incorporated in 2022, the company acquired an established textile processing unit and initially operated as a job-work processing unit. It subsequently set up a cotton fabric processing plant, which became operational in July 2024. Its manufacturing facility is located in Bhilwara, Rajasthan, and is spread across approximately 49,540 sq. m. The facility has an installed processing capacity of 82.44 million metres per annum and carries out bleaching, dyeing, and finishing of greige fabric.

The National Stock Exchange of India Limited (NSE) is India’s premier stock exchange that provides platforms and infrastructure for trading, clearing, listing, and related market services. Its product portfolio includes cash market, futures and options, mutual funds, commodity derivatives, exchange-traded currency derivatives, wholesale debt market, and interest rate futures. The company also provides index services, market data, analytics, news and information services, data feeds, data terminal services, and licensing services. Through its subsidiaries and associates, it also provides clearing and settlement, foreign currency-denominated trading, mutual fund registry, depository, e-corporate governance, mobile trading, and other exchange-related services. NSE operates a vertically integrated technology infrastructure comprising seven data centres, including a primary data centre, member colocation data centre, disaster recovery site, and near data centre. The company operates from its corporate office in Mumbai, Maharashtra, and it also has points of presence across more than 30 locations in India, including across New Delhi, Bangalore, Noida, Kolkata, Chennai, Ahmedabad, Pune, Hyderabad, Gandhinagar, Jaipur, Indore, Chandigarh, Bhopal and Vizag. The company commenced operations in November 1992. Use of proceeds: The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India​.

SpectraA Technology Solutions Limited is an engineering company involved in designing, fabrication, installation, commissioning and decommissioning of greenfield and brownfield projects. It serves industries including breweries, distilleries, food and beverages, malt spirit and blending, extraction plants, FMCG, and pharmaceuticals. Its products and systems include commercial brewery equipment, distillery equipment, food and beverage processing plants, microbrewery equipment, malt spirit equipment and extraction plants. The company undertakes projects covering engineering, fabrication, installation, commissioning and decommissioning, with equipment built in-house and customized to customer specifications. It operates two manufacturing facilities in Bengaluru and Jaipur, with an aggregate built-up area of 33,214.75 square feet. The company also has a rooftop solar capacity of 100 kWp installed across its Malur plant, Jaipur plant, and registered office. SpectraA Technology Solutions Limited was incorporated in Bengaluru in January 2009 as a private company and was converted into a public limited company in February 2021. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Capital Expenditure at Jaipur manufacturing facility — Rs 11.00 crore Repayment of term loans availed by the company — Rs 6.48 crore Working capital requirements — Rs 9.5 crore General corporate purposes.

Kheria Autocomp Limited, incorporated in 2009, is an auto ancillary company engaged in plastic injection moulding and sub-assembly operations, primarily supplying the automotive sector. It operates as a Tier-II supplier, manufacturing components based on specifications provided by Tier-I vendors serving passenger vehicle OEMs. Its products include interior cabin trims, exterior plastic parts, under-hood components, and HVAC ducts for both internal combustion engine and electric vehicles. The company operates a manufacturing facility at Tata Vendor Park, Sanand, Gujarat, spread across approximately 3 acres. As of FY26, the facility has 30 injection moulding machines with capacities ranging from 120 to 1,700 tonnes and an installed capacity of 5,400 MTPA. The facility also uses automation, robotic systems, and vision measuring equipment. The company is certified under IATF 16949, ISO 45001:2018 and ISO 14001:2015. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Part funding of capital expenditure for setting up a new manufacturing facility for plastic moulded auto components – Rs 39.96 crore General corporate purposes

Axiom Gas Engineering Limited, incorporated in 2007 as Axiom Gas Engineering Private Limited, is engaged in the distribution and retailing of auto liquefied petroleum gas (auto LPG). The company was founded by Alpeshkumar Naginbhai Patel and was joined by Sadique Abdul Kadar Banani in 2012. The promoters have around 26 years of experience in the oil and gas sector. The company operates through a network of auto LPG dispensing stations (ALDS) across Telangana, Karnataka, and Maharashtra. Its operations include procurement of auto LPG, storage, transportation, and distribution to its dispensing stations, where the fuel is sold to end consumers, primarily catering to the transport sector. The company has developed storage and allied infrastructure to support its distribution activities. Its infrastructure includes storage, handling, and dispensing facilities designed to comply with applicable regulatory requirements for auto LPG distribution. The company’s revenues are primarily derived from the retail sale of auto LPG through its ALDS network. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure – Rs 27.60 crore Prepayment or repayment of a portion of certain outstanding borrowings availed by our company – Rs 9.12 crore General corporate purposes