Upcoming IPOs: Veeda Clinical, Shringar House of Mangalsutra, Rite Water Among 5 Firms to Get SEBI Nod to Raise Funds
The Securities and Exchange Board of India (SEBI) has granted its approval to five companies to raise funds through initial public offerings (IPOs). The companies that have received the green light from SEBI include Veeda Clinical Research Limited, Shringar House of Mangalsutra Limited, Rite Water Solutions India Limited, Seedworks International, and LCC Projects.
What You Need to Know About the Upcoming IPOs
The five companies have received observation letters on their draft offer documents, indicating that they have met the necessary requirements to proceed with their IPOs. Here are the key details about each of the upcoming IPOs:
Veeda Clinical Research Limited
Veeda Clinical Research Limited, an Ahmedabad-based company, filed its draft red herring prospectus (DRHP) with SEBI on January 31, 2025. The company plans to raise a mix of a fresh issue of shares worth up to ₹185 crore and an offer-for-sale of up to 130 lakh equity shares. The proceeds from the fresh issue will be used to meet the company’s working capital needs and general corporate purposes.
Shringar House of Mangalsutra Limited
Mumbai-based Shringar House of Mangalsutra Limited filed its DRHP with SEBI on February 5, 2025. The company plans to raise ₹250 crore through a fresh issue of 2.43 crore equity shares. The proceeds from the fresh issue will be used to meet the company’s working capital needs and general corporate purposes.
Rite Water Solutions India Limited
Rite Water Solutions (India) Limited, a Nagpur-based company, filed its DRHP with SEBI to raise ₹745 crore through its proposed IPO. The IPO will comprise a new issue of equity shares worth up to ₹300 crore and an offer-for-sale of up to ₹445 crore by the Promoter and Investor Selling Shareholders.
Seedworks International
Seedworks International, a Telangana-based company, filed its DRHP with SEBI on February 11, 2025. The company plans to raise funds through an entirely offer-for-sale of 5.2 crore shares with a face value of ₹2.
LCC Projects
LCC Projects filed its DRHP with SEBI on February 27, 2025. The company plans to raise ₹320 crore through a fresh issue of shares worth up to ₹320 crore at a face value of ₹5, and an offer-for-sale of 2.29 crore shares by promoters.
Why These IPOs Matter
The upcoming IPOs of Veeda Clinical Research, Shringar House of Mangalsutra, Rite Water Solutions India, Seedworks International, and LCC Projects are significant because they will provide investors with new opportunities to invest in the Indian stock market. The IPOs will also help the companies raise capital to fund their business expansion plans, debt repayment, and other corporate purposes.
Conclusion
In conclusion, the upcoming IPOs of Veeda Clinical Research, Shringar House of Mangalsutra, Rite Water Solutions India, Seedworks International, and LCC Projects are expected to be major events in the Indian stock market. Investors should closely monitor the developments related to these IPOs and consider investing in them if they meet their financial goals and risk tolerance.
