SEBI Approves 8 Upcoming IPOs Including Elevate Campuses and InCred Holdings

The Indian primary market continues to remain active as the Securities and Exchange Board of India (SEBI) has approved IPO proposals of eight companies, paving the way for new public issues in 2026.

Among the companies receiving SEBI observations are Elevate Campuses, InCred Holdings, Aarvee Engineering Consultants, Laser Power & Infra, Armee Infotech, Ardee Industries, Shankesh Jewellers, and SEDEMAC Mechatronics.

Here’s a detailed breakdown of these upcoming IPOs.

What Does SEBI Approval Mean?

When SEBI issues its observations on a company’s Draft Red Herring Prospectus (DRHP), it allows the company to proceed with filing its Red Herring Prospectus (RHP) and launch the IPO.

• Companies filing through the regular route must launch within 12 months.
• Companies filing via the confidential route get up to 18 months.

This approval marks a crucial step toward listing on Indian stock exchanges.

1️⃣ Elevate Campuses IPO – ₹2,550 Crore Fresh Issue

Mumbai-based Elevate Campuses, a student housing platform backed by Hillhouse Investment (Singapore), plans to raise up to ₹2,550 crore through a pure fresh issue.

• Sector: Student Accommodation / Real Estate
• Issue Type: 100% Fresh Issue
• Use of Funds: Expansion and business growth

This IPO is expected to attract investors interested in India’s growing student housing market.

2️⃣ InCred Holdings IPO – ₹4,000–₹5,000 Crore Expected

InCred Holdings, the parent company of NBFC InCred Financial Services, has filed via the confidential route.

• Expected Size: ₹4,000–₹5,000 crore
• Issue Structure: Fresh Issue + Offer for Sale (OFS)
• Sector: NBFC / Financial Services

This could be one of the largest upcoming IPOs in 2026, given the company’s strong presence in lending and fintech.

3️⃣ Aarvee Engineering Consultants IPO – ₹202.5 Crore + OFS

Telangana-based Aarvee Engineering Consultants plans to raise:

• Fresh Issue: ₹202.5 crore
• Offer for Sale: Up to 67.5 lakh shares
• Use of Funds: Debt repayment, subsidiary investments, general corporate purposes
• Sector: Engineering & Infrastructure Consulting

4️⃣ Laser Power & Infra IPO – ₹1,200 Crore Issue

West Bengal-based Laser Power & Infra, a power cables and conductors manufacturer, is planning a ₹1,200 crore IPO.

• Fresh Issue: ₹800 crore
• OFS: ₹400 crore
• Objective: Debt reduction
• Sector: Power & Infrastructure

This IPO could benefit from India’s infrastructure and power sector expansion.

5️⃣ Armee Infotech IPO – ₹300 Crore Fresh Issue

IT infrastructure and managed services provider Armee Infotech has refiled draft papers for:

• ₹300 crore Fresh Issue
• No Offer for Sale
• Sector: IT Infrastructure & Managed Services

The proceeds will likely be used for business expansion and working capital.

6️⃣ Ardee Industries IPO – ₹320 Crore + OFS

Lead smelter and processor Ardee Industries plans:

• Fresh Issue: ₹320 crore
• OFS: 3.76 crore shares
• Sector: Metals & Recycling

7️⃣ Shankesh Jewellers IPO – 4 Crore Equity Shares

Mumbai-based Shankesh Jewellers, a manufacturer of handcrafted gold jewellery supplying brands like Kalyan Jewellers and Joyalukkas, plans:

• Fresh Issue: 3 crore shares
• OFS: 1 crore shares
• Sector: Jewellery Manufacturing

This IPO adds to the growing list of jewellery companies entering the public market.

8️⃣ SEDEMAC Mechatronics IPO – OFS Only

Pune-based SEDEMAC Mechatronics, backed by Xponentia Capital, A91 Partners, and 360 ONE, will launch:

• Offer for Sale: 80.43 lakh shares
• No Fresh Issue
• Sector: Automotive Mechatronics & Engineering

Upcoming IPOs in India – What Investors Should Watch

With SEBI clearing multiple IPOs across financial services, infrastructure, IT, engineering, metals, and jewellery sectors, 2026 is shaping up to be a strong year for the primary market.

Investors should monitor:

• IPO launch dates
• Grey Market Premium (GMP) trends
• Subscription status
• Financial performance and valuations
• Use of IPO proceeds

Stay updated with IPO Ideas for the latest updates on IPO dates, price bands, GMP, and allotment status.

Conclusion

SEBI’s approval of these eight companies signals robust IPO activity ahead. From large financial players like InCred Holdings to sector-specific companies like Laser Power & Infra and Elevate Campuses, investors will have diverse opportunities in the upcoming IPO pipeline.

Keep tracking IPO Ideas for real-time IPO news and analysis.

Disclaimer

This article is for educational and informational purposes only and should not be considered investment advice. Investors should conduct their own research before making any investment decisions. Investments in the securities market are subject to market risks.