Parijat Industries India, Rotomag Enertec, CSM Technologies, Eldeco Infrastructure and Properties and AITMC Ventures gear up for public listing
The capital markets regulator SEBI has cleared the initial public offering (IPO) of seven companies on Friday.
The issues cleared were that of HD Fire Protect, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, Eldeco Infrastructure and Properties and AITMC Ventures. Associated Power Structures withdrew its IPO offer.
IPO structure
Eldeco Infrastructure and Properties plans to raise ₹1,000 crore through fresh equity issuance and offer for sale (OFS). The issue consists of a fresh issue of shares worth ₹800 crore and an OFS of ₹200 crore by promoters. The proceeds will be used for debt repayment, specifically for their subsidiary Eldeco Infracon Realtors, and general corporate purposes.
AITMC Ventures, an agri-drone start-up, will raise ₹200 crore via IPO to fund its expansion plans. The issue consists of a fresh issue of equity shares, aimed at funding business expansion, working capital and investments in subsidiaries.
The promoters and existing investors of HD Fire Protect plan to offload 2.63 crore shares. Incorporated in 1997, the company specialises in designing, manufacturing and supplying fire protection equipment and systems for industrial, commercial and institutional safety requirements.
Xtranet Technologies will raise about ₹190 crore through fresh share issuance. The funds raised will go to investors who are offloading shares in the IPO. The company is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships.
The agro chemical company Parijat Industries will raise ₹160 crore and an offer for sale of upto 2.04 crore equity shares. Its product portfolio includes plant protection products (insecticides, fungicides, bactericides, herbicides, and combinations), plant nutrition products such as specialty fertilisers, biostimulants, and plant growth regulators and technicals used in agrochemical formulations.
CSM Technologies will raise about ₹150 crore through fresh equity issuances. The company will issue 1.29 crore equity shares with no offer-for-sale component. Proceeds will be used to fund growth initiatives, strengthen technological infrastructure and pay off debt.
Published on January 30, 2026
