The company manufactures water, foam and gas-based fire suppression systems from its two facilities in Maharashtra and also undertakes contract manufacturing and white labelling. Its products have been supplied to several high-profile projects, including installations at India’s space launch pad in Sriharikota, the Jamnagar refinery, the new Parliament building, Saudi Aramco’s Ras Tanura Sea Island and an integrated power and water project in Oman.
Industry estimates indicate that India’s fire protection equipment market was valued at around Rs 10,200 crore in FY25, with fire suppression equipment accounting for nearly three-fourths of the market.
IT services player Xtranet Technologies has also received Sebi’s approval for its proposed IPO. The issue is expected to be a pure fresh issue of equity shares aggregating to about Rs 190 crore. Founded in 2002, the company provides enterprise applications, digital services, managed IT operations and proprietary technology platforms, positioning itself as a full-spectrum IT services provider.
Parijat Industries is another company that has moved closer to the market. Its proposed IPO is a book-built issue comprising a fresh issue of Rs 160 crore along with an offer-for-sale of up to 2.04 crore equity shares. The company plans to list its shares on both the NSE and BSE. Prior to the issue, promoters together held nearly 65% of the company’s equity.
Rotomag Enertec has also received regulatory clearance for its public issue, which will combine a fresh issue of Rs 500 crore with an offer-for-sale of up to 2.40 crore equity shares. The company’s shares are proposed to be listed on the NSE and BSE. Promoters currently hold over 91% stake in the company, which operates in the energy equipment and solutions space.
CSM Technologies is set to tap the primary market through a book-built issue comprising only a fresh issue of up to 1.29 crore equity shares. The company plans to list on both major stock exchanges, with the IPO aimed at funding growth and expanding operations. Post-issue, the equity base will expand materially to reflect the capital infusion.Real estate developer Eldeco Infrastructure & Properties Limited has also secured Sebi’s nod for a Rs 1,000 crore IPO. The issue will include a fresh issue of Rs 800 crore and an offer-for-sale of Rs 200 crore. The company intends to use the proceeds to strengthen its balance sheet and support ongoing and future real estate projects, with a listing planned on the NSE and BSE.
Also read: Sebi gives no-objection for NSE IPO, clearing path for listing
In addition, AITMC Ventures, formerly known as AVPL International, has received approval for its proposed IPO, marking its second attempt at going public. The company plans to raise around Rs 200 crore through a fresh issue, with proceeds earmarked for business expansion, working capital and general corporate purposes.
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