Capital markets regulator Sebi has cleared eight companies across healthcare, mobility, infrastructure, manufacturing and consumer segments to proceed with their public listings. The regulator issued its final observations on the draft papers, spanning diverse sectors and indicating regulatory comfort for well-established businesses with scale or niche positioning.

Infrastructure and Construction Sector

Construction and infrastructure firm RKCPL Ltd leads the pack with the largest proposed IPO, aiming to mobilise ₹1,250.00 crore through a combination of fresh equity and offer for sale. The company plans to raise ₹700.00 crore via fresh shares, while promoters will sell ₹550.00 crore worth shares.

Proceeds from the fresh issue will be strategically deployed with ₹200.00 crore earmarked for working capital requirements, ₹130.02 crore for construction equipment purchase, ₹50.00 crore for debt repayment, and ₹138.00 crore for subsidiary investments.

Mobility Sector

Ahmedabad-based passenger mobility company Chartered Speed plans to raise ₹855.00 crore through its IPO. The issue structure combines a fresh equity sale worth ₹655.00 crore and an offer for sale of shares worth ₹200.00 crore by promoters.

Healthcare and Fertility Services

Indira IVF emerges as one of the most prominent names in the current IPO pipeline. The company operates one of India's largest fertility clinic networks, with presence across major cities and tier-II markets. The fertility services provider filed its draft papers with Sebi using the confidential route, allowing the company to withhold public disclosure of details under the draft red herring prospectus until later stages.

Rays of Belief also received approval to launch its public offer after filing papers via confidential route, completing the healthcare segment representation in this approval batch.

Manufacturing and Technology Segments

Mumbai-based Glass Wall Systems India, which manufactures and installs facade systems, received Sebi clearance for its IPO comprising ₹60.00 crore fresh issue and offer-for-sale of 4.02 crore shares by promoters and investors.

Vadodara-based thermal engineering and specialised cable manufacturer Tempsens Instruments India IPO is structured as a book-built issue, comprising a fresh issue worth ₹118.00 crore and offer for sale of up to 1.79 crore equity shares.

Shriram Food Industry Limited, incorporated in 2014 and primarily engaged in rice export to international markets, plans to raise funds through fresh issue of up to 2.12 crore shares and offer for sale of up to 52.00 lakh shares by promoter shareholders.

Jerai Fitness IPO will be entirely an offer for sale of 43.92 lakh equity shares by promoters. The fitness equipment maker offers products to commercial gyms, hotels, corporations, and real estate projects, with exports to Japan, UAE, Australia, Serbia, and Sweden.

All shares will be listed on both BSE and NSE upon successful completion of their respective public offerings.

Securities and Exchange Board of India (SEBI) is developing an artificial intelligence-powered cybersecurity tool to enhance supervision of regulated entities, Chairman Tuhin Kanta Pandey announced at the BSE's Sensex 40th anniversary event. The regulator is simultaneously working on establishing a comprehensive technology roadmap for market infrastructure institutions to strengthen the securities market ecosystem.

AI-Driven Cybersecurity Enhancement

The AI-powered inspection tool currently under development will serve multiple critical functions in strengthening SEBI's regulatory oversight capabilities. Pandey explained that this tool represents a significant advancement in risk-based supervision methodology for regulated entities.

The AI-driven tool represents a significant step toward modernizing regulatory supervision methods and ensuring robust cybersecurity standards across the securities market.

Technology Roadmap for Market Infrastructure

SEBI is constituting a working group to develop a structured technology roadmap for market infrastructure institutions (MIIs). This comprehensive strategic framework will provide clear guidance for technological advancement across different planning horizons.

The technology roadmap aims to provide MIIs with structured guidance for technological advancement and infrastructure development to support the evolving needs of India's capital markets.

Regulatory Focus on Innovation and Market Integrity

Pandey urged exchanges and other market infrastructure institutions to continue investing in three critical areas: technology advancement, risk management systems, and cyber resilience capabilities. He emphasized the importance of ensuring that innovation strengthens rather than weakens market integrity.

The SEBI Chairman highlighted the regulator's ongoing focus on strengthening regulatory architecture that upholds market integrity amid widening participation and diversification in the investor base. He noted that enduring markets are built on institutions that inspire trust, regulation that evolves with markets, and systems that continuously adapt and upgrade.

Market Development Context

Speaking at the Sensex 40th anniversary celebration, Pandey described the benchmark index, launched in 1986, as more than just a market indicator. He called it a testament to India's capital market journey, noting that India's securities market is deeply intertwined with the history of the Bombay Stock Exchange, now BSE, which stands as one of the oldest stock exchanges in Asia.

The announcements reflect SEBI's commitment to leveraging advanced technology for regulatory enhancement while maintaining the integrity and stability of India's growing capital markets ecosystem.