Indian IPO pipeline strengthens with six companies securing Sebi approval. Quick commerce unicorn Zepto leads the charge, targeting Rs 11,000 crore in its maiden public offering, positioning itself to compete with already-listed rivals Zomato and Swiggy. Auto components manufacturer Dhoot Transmission aims to raise USD 250 million, while Horizon Industrial Parks, backed by Blackstone, seeks Rs 2,600 crore. Additional approvals include Surgiwear, Crystal Crop Protection, and Hotel Polo Towers. These companies filed preliminary papers between October and February, with Zepto and Dhoot Transmission utilizing the confidential pre-filing route for initial Sebi feedback. The approvals signal growing investor confidence in Indian startups and infrastructure plays, potentially injecting significant capital into the markets as these firms move toward formal IPO launches.
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