Shiprocket, Meesho, Skyways Among 7 Companies Get SEBI Nod for IPO Launch

India’s primary markets are buzzing again as the Securities and Exchange Board of India (SEBI) has cleared the IPO proposals of seven companies, including Shiprocket, Meesho, and Skyways Air Services, paving the way for a new wave of listings from both digital-first startups and traditional industrial players.

This fresh round of approvals underlines growing investor confidence in India’s capital markets as more firms across technology, logistics, engineering, and manufacturing look to tap the public route for expansion and deleveraging.

Shiprocket 

Shiprocket, formally known as Bigfoot Retail Solutions Ltd, has become a vital logistics enabler for small and mid-sized e-commerce sellers. Backed by investors such as Zomato Temasek and Lightrock the company offers a full range of services from shipment consolidation and warehousing to checkout and post-purchase analytics.

According to the draft red herring prospectus, Shiprocket's IPO will consist of a fresh issue of  ₹900 crore , crore and an offer for sale (OFS) of a total of  ₹1,000-₹1,100.  And also we see in the DRHP that  the funds are used for technological developments, international expansion and working capital improvements.

The company posted a net loss of ₹341 crore in FY24 on a revenue base of ₹1,747 crore, reflecting continued investment in scale and infrastructure. Shiprocket’s improving unit economics and focus on profitability by FY26 make it one of the most anticipated listings in the logistics-tech space.

Meesho

E-commerce platform Meesho, operated by Fashnear Technologies Pvt Ltd, also secured SEBI’s approval for a highly anticipated IPO expected to raise ₹3,500–₹4,000 crore.

Backed by SoftBank, Meta, Peak XV Partners, and Fidelity, Meesho has grown into one of India’s largest social commerce platforms, enabling small sellers and resellers to reach mass consumers through a low-cost digital model.

In FY25 Meesho turned a profit for the first time marking an important milestone in the Indian startup ecosystem.  Seriously,  the company's revenue in FY24 was ₹5735 crore up over 37% year-on-year while its losses came down significantly year-on-year. The IPO is expected to value the company between Rs 35000 and Rs 40000.

Skyways Air Services

Skyways Air Services Ltd a Delhi-based freight , freight forwarding and logistics company has also received SEBI's approval to go public. The company filed its application for DRHP on June 30 2024 and proposed to issue shares worth Rs 3.29 crore while promoters and existing shareholders would sell shares worth Rs 1.33 crore through the OFS.

 guess?  You know what? The IPO is expected to raise between $600 million and $800 million that will be used for network expansion, warehouse automation and international growth.

Skyways generated revenue of ₹2,114 crore in FY24 maintained steady profitability and showcased the strength of its logistics backbone in India amid growing trade and e-commerce volumes.

Other SEBI-Cleared IPOs: Manufacturing and Energy Firms Join the Pipeline

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Apart from these three companies, SEBI also approved IPO plans from German Green Steel and Power, Rajputana Stainless, Manika Plastech, and Allied Engineering Works, spanning sectors from renewable energy and steel to smart meters and industrial packaging.

German Green Steel and Power Ltd

Listed in June 2024 the company plans to raise ₹450 crore through a fresh issue and OFS for promoters of up to 20 crore shares.  Seriously, the funds will be used for green energy projects and steel capacity expansion in line with India's drive towards sustainable industrialization.

Rajputana Stainless Ltd

The Jaipur-based stainless steel company has relaunched DRHP in June 2024 targeting an IPO of Rs 2.09 crore including issue of new shares worth Rs 1.46 crore , crore with promoter Shankarlal Deepchand Mehta and Rs 62.5 crore.

The proceeds will support the construction of a new manufacturing plant working capital and debt reduction a priority among mid-cap industrial exporters.

Manika Plastech Ltd

The Mumbai-based maker of rigid polymer packaging materials is looking to raise Rs 115 crore through a fresh issue and its promoter VRIDAA Holding Trust is selling OFS shares worth Rs 1.5 crore.

Yes this is true, infact the funds are being used for capital expenditures and debt repayments suggesting industry-wide balance sheet strengthening ahead of the expansion.

Allied Engineering Works Ltd

This Delhi-based smart energy meter manufacturer filed its DRHP in July 2024, planning a ₹400 crore fresh issue and an OFS of 75 lakh shares by promoter Ashutosh Goel.

The company’s public debut will add depth to India’s growing smart energy and infrastructure space, aligned with the government’s “Power for All” and smart metering initiatives.

Conclusion

The SEBI approvals mark a resurgence of confidence in India’s new-age IPO market after a two-year pause. Many startups, once focused solely on growth, have shifted toward profitability and sustainable unit economics, aligning with the expectations of public investors.

According to market analysts, India’s IPO pipeline now exceeds ₹90,000 crore, with a third of that linked to digital-first businesses in fintech, logistics, SaaS, and consumer commerce.

Venture capitalists see these listings as crucial liquidity events that will recycle capital back into the ecosystem. “The difference this time is discipline, companies are coming to market with profitability or a clear path to it, familiar with several filings.