SEBI Gives Nod To IPOs Of Kent RO, Vidya Wires, Karamtara Engineering, And Mangal Electrical Industries

Mumbai, June 10, 2025: The Securities and Exchange Board of India (SEBI) has officially authorised initial public offering (IPO) proposals of four companies: Kent RO Systems Ltd., Vidya Wires Ltd., Karamtara Engineering Ltd., and Mangal Electrical Industries Ltd. These approvals, issued during the period from June 3 to June 6, clear the way for these businesses to hit the public markets.

Kent RO Systems Ltd.

Kent RO Systems has received SEBI’s final approval to launch its initial public offering, which will be entirely an Offer for Sale (OFS) of over 1.01 crore equity shares. The offer will be made by promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta, who currently hold 99.77% of the company’s paid-up capital. Since it is a pure OFS, no fresh capital will be raised by the company, and the entire proceeds will go to the selling shareholders. The purpose of the IPO is to provide the promoters with an opportunity to partially monetise their holdings and enable public participation in the company. It will also help enhance the brand’s visibility and meet the minimum public shareholding norms post-listing.

Vidya Wires Ltd.

Vidya Wires Ltd., a key player in the winding wire manufacturing segment, has secured SEBI approval for its IPO, which will consist of a fresh issue of shares worth ₹320 crore and an Offer for Sale (OFS) of up to 1 crore equity shares by the promoter group. The IPO will follow standard investor category allocation—50% to QIBs, 35% to retail investors, and 15% to NIIs. The proceeds from the fresh issue will be used primarily for capital expenditure to set up a subsidiary unit, repayment or prepayment of certain borrowings, and general corporate purposes. The OFS portion will allow the promoter group to partially dilute their stake in the business.

Karamtara Engineering Ltd.

Infrastructure and power transmission solutions provider Karamtara Engineering Ltd. has received approval to launch an IPO aggregating up to ₹1,750 crore. The issue comprises a fresh issue of shares worth ₹1,350 crore and an Offer for Sale (OFS) of shares worth ₹400 crore by existing promoters and shareholders. The company plans to utilise ₹1,050 crore from the fresh issue towards the repayment or prepayment of existing borrowings, helping to reduce debt and strengthen the balance sheet. The remaining funds will be allocated for general corporate purposes, allowing the company to enhance operational flexibility and support growth initiatives. ICICI Securities, IIFL Securities, and JM Financial are the lead book-running managers for the issue.

Mangal Electrical Industries Ltd.

Rajasthan-based Mangal Electrical Industries Ltd., known for its manufacturing of transformer components, has been granted SEBI’s approval for a ₹450 crore IPO, which will be a pure fresh issue. There will be no Offer for Sale (OFS) by existing shareholders or promoters. The company has proposed to allocate the IPO proceeds towards repayment/prepayment of borrowings (₹96 crore), expansion of the Reengus manufacturing facility, upgrading its Jaipur head office (₹120 crore), and meeting working capital requirements (₹122 crore). The remaining funds will go towards general corporate purposes. Systematix Corporate Services is managing the IPO, and Bigshare Services is appointed as the registrar.

Market Sentiment & Sectoral Push

This wave of approvals from SEBI signals continued enthusiasm in the Indian capital markets, particularly within the engineering, infrastructure, manufacturing, and utility segments. These companies aim to leverage public investments to fuel their growth ambitions amid positive investor sentiment and a stable regulatory climate.

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