Meesho, Shiprocket and Five Other Companies Secure SEBI Nod for IPO Launch

New Delhi, November 4: The Securities and Exchange Board of India (SEBI) has provided its approval to the IPOs of seven companies. The two major companies who have got the SEBI approval for their IPOs include SoftBank-backed e-commerce major Meesho and Temasek-backed logistics platform Shiprocket.

SEBI Grants Approval to Seven Companies for IPO

SEBI has granted its approval to launch IPOs to seven companies in total. These include Meesho, Shiprocket, Skyways Air Services, Rajputana Stainless, German Green Steel Power, Allied Engineering Works, and Manika Plastech.

The approval by SEBI comes after all these seven companies filed their IPO papers with SEBI between May and July 2025. However, SEBI granted its approval to these companies between October 14 and October 31.

Meesho IPO Details

The Meesho IPO is a combination of fresh issue of ₹4,250 crore and an offer for sale of up to 17.57 crore shares. Kotak Mahindra Capital Co.Ltd. is the book running lead manager while Kfin Technologies Ltd. is the registrar of the issue. The company’s OFS will see investors such as Elevation Capital, Peak XV Partners, etc., sell their shares.

Shiprocket IPO Details

The Shiprocket IPO will see an issue between ₹2,000-₹2,500 crore. However, other information about the shiprocket IPO is awaited from the company.

What’s Ahead for the IPO Market?

The approval by SEBI is a welcome step for the companies and the retail investors. This comes at a time when the Indian IPO market is having one of its busiest weeks, with more IPOs lined up for subscription or are in their last stages of listing. Investors will now await key information about these IPOs.

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