The IPO of CMR Green Technologies Ltd, non-ferrous metal recycler, is entirely through OFS of 4.28 crore shares, according to the draft red herring prospectus
Market regulator SEBI this week approved IPO papers of as many as 13 companies, including Sify Infinit Spaces, Purple Style Labs, BVG India and CMR Green Technologies.
These 13 companies cater to various sectors. The other companies that received SEBI’s clearance included Pride Hotels, Oswal Cables, Sai Parenterals, Commtel Networks, Transline Technologies, UKB Electronics, Medicap Healthcare, Jay Jagdamba and Hella Infra. Of these, Jay Jagadamba and Hella Infra filed IPO papers via confidential route.
Offer size
The proposed IPO of Sify Infinit Spaces Ltd is combination of a book-build Issue (fresh issue and offer for sale) with a total size of ₹3,700 crore. If listed, Sifi Infinit would be the first from India’s data centre industry.
Proceeds from the fresh issue are expected to be directed towards the company’s growth initiatives, operational expansion and related corporate purposes as outlined in regulatory documents.
Purple Style Labs, the parent firm of luxury fashion platform Pernia’s Pop-Up Shop, is entirely a fresh issue, according to its draft red herring prospectus. The company plans to raise ₹660 crore through the IPO.
The company plans to use IPO proceeds to the tune of ₹363.3 crore to invest in its wholly-owned subsidiary, PSL Retail, for lease liabilities related to experience centres and back-end offices in India; ₹128 crore will be deployed for sales and marketing and the rest will go towards general corporate purposes.
Facility management services provider, BVG India’s IPO comprises a fresh issue of ₹300 crore and an OFS of 2.85 crore shares by selling shareholders. BVG India provides soft services such as mechanised housekeeping, janitorial services, industrial housekeeping, manpower supply, security, office support and retail fuel outlet maintenance.
The IPO of CMR Green Technologies Ltd, non-ferrous metal recycler, is entirely through OFS of 4.28 crore shares, according to the draft red herring prospectus.
Sai Parenterals IPO comprises a fresh issue of up to ₹285 crore and an offer for sale of up to 35 lakh shares by shareholders.
Medicap Healthcare’s proposed IPO is entirely a fresh issue of ₹240 crore. Proceeds will be used to fund the purchase of plant and machinery for its manufacturing facility, repay existing debt of both the company and its subsidiary, KASR Healthcare, and for general corporate purposes.
The Noida-based UKB Electronics’ plans ₹800 crore IPO that comprises a ₹400 crore fresh issue and a ₹400 crore OFS by promoters. UKB Electronics caters to home appliances and consumer electronics.
Oswal Cables has filed DRHP for ₹500 crore IPO, which is a mix of fresh issue (₹300 crore) and Offer for Sale (OFS) of up to 2.22 crore shares.
Transline Technologies has filed for an IPO, which is entirely an OFS of about 1.62 crore shares. Commtel Networks’ IPO consist of a fresh issue of ₹150 crore and an offer for sale of up to ₹750 crore.
Published on January 23, 2026
