Three Diverse Companies File IPO Papers with SEBI, Eyeing Market Debut

1 min read     Updated on 29 Sept 2025, 06:39 PM
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Overview

Hotel Polo Towers, Bombay Coated & Special Steels, and APPL Containers have filed preliminary papers with SEBI for IPOs. Hotel Polo Towers aims to raise Rs 300 crore through a fresh issue and an OFS of 71.2 lakh shares. Bombay Coated & Special Steels plans a fresh issue of 1.5 crore shares. APPL Containers proposes a fresh issue of 12.5 lakh shares and an OFS of 25.60 lakh shares. The companies represent diverse sectors: hospitality, steel processing, and container manufacturing, respectively.

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*this image is generated using AI for illustrative purposes only.

In a significant development for the Indian capital markets, three companies from diverse sectors have filed their preliminary papers with the Securities and Exchange Board of India (SEBI) for initial public offerings (IPOs). Hotel Polo Towers, Bombay Coated & Special Steels, and APPL Containers are seeking to raise funds through the public route, each bringing its unique business proposition to potential investors.

Hotel Polo Towers: Expanding Hospitality Footprint

Hotel Polo Towers, a prominent hospitality chain operating across northeast, east, and north India, has filed for an IPO that combines a fresh issue worth Rs 300 crore and an offer for sale (OFS) of 71.2 lakh shares by promoters. The company, known for its 'Polo' and 'Max' brands, currently manages nine hotels and resorts.

Financial Highlights:

  • Revenue: Rs 118.00 crore
  • Profit: Rs 22.00 crore

Bombay Coated & Special Steels: Strengthening Steel Processing Capacity

Bombay Coated & Special Steels, a steel processing company, is looking to raise funds through a fresh issue of 1.5 crore shares, with no OFS component. The company boasts an impressive installed capacity of 350,411 tonnes per annum.

Financial Highlights:

  • Revenue: Rs 1,056.00 crore
  • Net Profit: Rs 28.60 crore

APPL Containers: Young Player in Container Manufacturing

APPL Containers, a relatively new entrant in the container manufacturing sector, has filed for an IPO comprising a fresh issue of 12.5 lakh shares and an OFS of 25.60 lakh shares by promoters. Incorporated in 2021, the company has shown promising financial results in a short span.

Financial Highlights:

  • Revenue: Rs 69.00 crore
  • Net Profit: Rs 33.00 crore

Comparative Financial Overview

Company Revenue (Rs Crore) Net Profit (Rs Crore)
Hotel Polo Towers 118.00 22.00
Bombay Coated & Special Steels 1,056.00 28.60
APPL Containers 69.00 33.00

These IPO filings reflect the diverse nature of India's growing economy, with representation from the hospitality, steel processing, and container manufacturing sectors. As these companies progress through the regulatory process, investors will have the opportunity to evaluate their potential and consider participation in their public offerings.

The success of these IPOs could provide these companies with the capital needed for expansion and growth, potentially contributing to their respective industries and the broader Indian economy. However, as with all investments, potential investors are advised to carefully review the offer documents and consider their risk appetite before making any investment decisions.

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