New Delhi/Mumbai, May 20 (HS): Mumbai-based Jaro Institute of Technology Management and Research Limited, Shri Lotus Developers & Realty, Caliber Mining, Gem Aromatics, Jenson Industries, and Euro Symbol have all received approval from SEBI for their Initial Public Offering (IPO).
The capital market regulator, the Securities and Exchange Board of India (SEBI), provided this information in a statement issued on Tuesday. All these companies have set a target of raising at least ₹3,000 crore collectively. SEBI received the IPO documents from these companies between October 2024 and January 2025.
Mumbai-based Jaro Institute of Technology Management and Research Limited plans to raise ₹570 crore through its IPO. The company filed its IPO documents with SEBI on September 30, 2024. Jaro Institute of Technology Management and Research Limited’s IPO includes a new issue of equity shares worth ₹170 crore and an offer for sale of ₹400 crore worth of shares by promoter Sanjay Namdev Salunkhe.
Shri Lotus Developers and Realty Limited, supported by Bollywood stars and Ashish Kacholia, is a real estate developer that plans to raise ₹792 crore through its IPO. The company submitted its IPO documents to SEBI on December 24, 2024. This IPO, with a face value of ₹1, does not have any offer-for-sale component and includes a new issue of shares up to ₹792 crore.
Caliber Mining and Logistics Limited, one of the top 10 mining operators managing overburden removal, coal extraction, and coal logistics, plans to raise ₹600 crore through its IPO. The company filed its IPO documents with SEBI on December 30, 2024. This IPO, with a face value of ₹10, includes a mix of new share issues up to ₹500 crore and an offer-for-sale of up to ₹100 crore by selling shareholders.
Euro Symbol Sales IPO
Mumbai-based decorative wall panel and decorative laminates brand Euro Symbol Sales Limited plans to raise ₹730 crores through its Initial Public Offering (IPO). The company filed its IPO documents with SEBI on January 20, 2025. This IPO, with a face value of ₹1, is a complete offer for sale of shares up to ₹730 crores by promoter and promoter group selling shareholders.
Gem Aromatics IPO
Mumbai-based Gem Aromatics Limited is an established manufacturer of specialty materials, including essential oils, fragrance chemicals, and value-added derivatives in India, and is planning to raise funds through its Initial Public Offering (IPO). The company filed its IPO documents with SEBI on December 28, 2024. This IPO, with a face value of ₹2, is a mix of a fresh issue of shares worth up to ₹175 crores and an offer for sale (OFS) of 8,924,274 equity shares by promoter and investor selling shareholders.
Jason Industries IPO
Mumbai-based Jason Industries is one of the leading manufacturers in the paint sector in terms of sales value regarding coating emulsions and the water-based pressure-sensitive adhesive segment in tapes and labels, and it plans to raise funds through its Initial Public Offering (IPO). The company refiled its IPO papers with SEBI on January 9, 2025. This IPO, with a face value of ₹5, is a proposal for a new issue of shares worth up to ₹300 crores and the sale of 9.46 million equity shares by Dhiresh Shashikant Gosalia.
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Hindusthan Samachar / Jun Sarkar
