SEBI Approves IPO Plans for Indo-MIM, Kissht, Alcobrew Distilleries Among 5 Companies
SEBI has approved IPO plans for five companies - Indo-MIM, Kissht, Alcobrew Distilleries, Astha Spintex, and Kusumgar - by issuing observations on their draft documents between December 29 and January 9. The companies collectively plan to raise over ₹3,000 crores, with Indo-MIM and Kissht each targeting ₹1,000 crores, Kusumgar aiming for ₹650 crores, Alcobrew Distilleries seeking ₹258.30 crores, and Astha Spintex planning ₹160 crores. The approvals allow these companies to launch their IPOs within the next one year.
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The Securities and Exchange Board of India (SEBI) has approved Initial Public Offering (IPO) plans for five companies, issuing observations on their draft documents between December 29 and January 9. The approved companies include Indo-MIM, Onemi Technology Solutions (operating under Kissht brand), Alcobrew Distilleries India, Astha Spintex, and Kusumgar. The issuance of observations allows these companies to launch their IPOs within the next one year.
SEBI Approval Timeline
SEBI issued observations on the draft documents across different dates, with the regulator providing its approval status update on January 9. The timeline shows a concentrated approval period spanning approximately two weeks.
| Company | Observation Date |
|---|---|
| Indo-MIM | December 29 |
| Kusumgar | January 7 |
| Onemi Technology Solutions (Kissht) | January 8 |
| Alcobrew Distilleries India | January 8 |
| Astha Spintex | January 9 |
Major IPO Details
Kissht (Onemi Technology Solutions)
The Temasek Holdings-backed fintech firm filed preliminary papers in August 2025 to raise funds for augmenting the capital base of its subsidiary Si Creva, a middle-layer NBFC. The Mumbai-based company's IPO structure includes both fresh issue and offer-for-sale components.
| Component | Details |
|---|---|
| Fresh Issue | ₹1,000.00 crores |
| Offer-for-Sale | 88.80 lakh shares |
| Key Investors | Vertex, VenturEast, AION Advisory |
Indo-MIM
The Bengaluru-based company, recognized as the world's largest player in metal injection molding (MIM), submitted its draft papers in September 2025. The company's IPO includes a significant pre-IPO placement component within its fresh issue structure.
| Component | Details |
|---|---|
| Fresh Issue | ₹1,000.00 crores |
| Pre-IPO Placement | ₹200.00 crores |
| Offer-for-Sale | 12.97 crore equity shares |
Alcobrew Distilleries India
The Gurugram-based producer of White & Blue and Golfer's Shot whisky brands approached SEBI in September 2025. The company's IPO structure includes both fresh capital raising and promoter stake dilution.
| Component | Details |
|---|---|
| Fresh Issue | ₹258.30 crores |
| Pre-IPO Placement | ₹51.65 crores |
| Offer-for-Sale | 1.80 crore shares (by promoter Romesh Pandita) |
Additional Approved IPOs
Astha Spintex
The Gujarat-based cotton yarns and bales manufacturer filed IPO papers in September 2025, planning a pure fresh issue without any offer-for-sale component. The company aims to raise ₹160.00 crores through the initial share sale.
Kusumgar
The Mumbai-based engineered fabrics maker submitted its Draft Red Herring Prospectus in September 2025. Unlike other approved IPOs, Kusumgar's offering comprises entirely of offer-for-sale by promoters, with no fresh issue component, targeting to raise up to ₹650.00 crores.
Market Impact
These five SEBI approvals represent a diverse range of sectors including fintech, manufacturing, liquor production, textiles, and engineered fabrics. The collective fundraising potential exceeds ₹3,000 crores, indicating significant capital market activity ahead. All companies filed their draft documents in the August-September 2025 timeframe, demonstrating coordinated market preparation during that period.
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