SEBI approved 6 IPOs on March 27, 2026 including SAEL Industries, Vishvaraj Environment, Prasol Chemicals, NoPaperForms, Shah Investor's Home and Symbiotec Pharmalab. Jindal Supreme withdrew its IPO. Read the full update on iporise.com
India's market regulator SEBI gave its approval to six companies on March 27, 2026, clearing them to launch their IPOs. The list includes SAEL Industries, Vishvaraj Environment, Prasol Chemicals, NoPaperForms, Shah Investor's Home, and Symbiotec Pharmalab. At the same time, Jindal Supreme (India) officially withdrew its IPO plans.
India's stock market regulator, SEBI (Securities and Exchange Board of India), gave its go-ahead to six companies on March 27, 2026, allowing them to raise money from the public through IPOs. Together, these six companies are expected to raise around Rs 10,000 crore from the market. However, one company — Jindal Supreme (India) — decided to step back and cancel its IPO plans just a few days before these approvals.
Here is a simple breakdown of all six companies that received SEBI's approval:
1. SAEL Industries — Rs 4,575 Crore IPO
SAEL Industries is the biggest name in this batch. The company works in the renewable energy sector and is currently India's largest agri-waste-to-energy producer. In simple words, it converts leftover crop waste into clean electricity. It also has solar power projects. SAEL filed its draft papers with SEBI in November 2025 and received approval on March 27, 2026. The IPO is worth Rs 4,575 crore — made up of a fresh issue of Rs 3,750 crore and an offer for sale (OFS) of Rs 825 crore. ICICI Securities is managing the IPO.
2. Vishvaraj Environment — Rs 2,250 Crore IPO
Vishvaraj Environment works on water treatment projects across India, mostly through government partnerships (known as Public-Private Partnerships or PPP). The company has already built sewage treatment plants in cities like Nagpur and is working on projects for the 2027 Kumbh Mela. It filed its papers in October 2025 and got SEBI approval on March 27, 2026. The IPO size is Rs 2,250 crore — Rs 1,250 crore as fresh issue and Rs 1,000 crore as OFS. JM Financial is the lead manager for this issue.
3. Prasol Chemicals — Rs 500 Crore IPO
Prasol Chemicals is a specialty chemicals company that makes over 150 different chemical products used in industries like medicines, agriculture, and personal care products. The company filed its draft papers in October 2025 and received SEBI's observation on March 25, 2026. The IPO is worth Rs 500 crore — a small fresh issue of Rs 80 crore and an OFS of Rs 420 crore by existing shareholders. DAM Capital Advisors is managing this IPO.
4. NoPaperForms Solutions (Meritto) — Size Not Disclosed
NoPaperForms, known by its popular product name "Meritto," is a technology company that helps schools, colleges, and universities manage student admissions digitally. It is backed by Info Edge — the company behind Naukri.com. NoPaperForms filed its papers through a confidential route in November 2025 and received SEBI approval on March 25, 2026. The exact IPO size has not been announced yet, but market estimates suggest it could be between Rs 500 to Rs 600 crore. IIFL Capital Services is managing this issue.
5. Shah Investor's Home (SIHL) — 54 Lakh Shares Fresh Issue
Shah Investor's Home is an Ahmedabad-based financial services company that operates under the brand "SIHL." It offers services like stock broking, mutual fund investments, and margin trading, mainly in Gujarat. The company filed its draft papers in September 2025 and received SEBI approval on March 27, 2026. This is a 100% fresh issue of 54 lakh equity shares, managed by Beeline Capital Advisors. The money raised will be used for working capital needs and growing its digital trading platforms.
6. Symbiotec Pharmalab — Pharma Sector Addition
Symbiotec Pharmalab is a pharmaceutical company that also received SEBI's nod as part of this March 2026 batch. More details on the issue size and structure are expected to be shared as the company moves closer to its IPO launch date.
What About Jindal Supreme (India)?
While six companies moved forward, Jindal Supreme (India) took a step back. The company, which is in the business of manufacturing steel pipes and tubes, officially withdrew its IPO application on March 23, 2026 — just days before the other approvals came through. It had filed its draft papers in December 2025. The company has not shared any official reason for the withdrawal. It is likely that they want to wait for a better time to enter the market.
What Does This Mean for You as an Investor?
Once SEBI gives the approval, a company can launch its IPO anytime within the next 12 months. So you can expect to see these companies announcing their IPO dates, price bands, and subscription windows over the coming months. All six companies plan to list on both BSE and NSE.
Stay tuned to iporise.com for IPO dates, GMP updates, subscription status, and allotment results for all these upcoming IPOs.