Capital markets regulator SEBI has approved eight initial public offerings, including InCred Holdings, Shankesh Jewellers, Ardee Industries, Aarvee Engineering Consultants, Laser Power and Infra, Elevate Campuses, and SEDEMAC Mechatronics, while Mann Fleet Partners withdrew its IPO.
Capital markets regulator SEBI has approved eight initial public offerings, including those of InCred Holdings and Shankesh Jewellers, while the offering of Mann Fleet Partners was withdrawn.
InCred Holdings, a new-age NBFC, plans to raise between ₹3,000 crore and ₹4,000 crore. The company has a diversified multi-product lending book across personal and student loans, specialized MSME loans, secured business loans, and Financial Institutions loans. Since its inception, InCred Finance has disbursed loans worth over ₹25,000 crore, serving over 4 lakh customers through a network of 140 branches and a workforce of 2,600 employees. The lender has built scale, with assets under management (AUM) of over ₹12,585 crore as of FY25.
Ardee Industries Limited, a leading recycling company, will raise ₹320 crore through a fresh issue of equity shares and an offer-for-sale of up to 3.76 crore equity shares.
The company proposes to use the proceeds to fund incremental working capital of ₹220 crore, with the remaining for debt repayment and general corporate purposes. The banker to the issue is Pantomath Capital Advisors, and the registrar to the offer is KFin Technologies.
Other IPOs cleared by SEBI include Armee Infotech, Aarvee Engineering Consultants, Laser Power and Infra, Elevate Campuses, Shankesh Jewelers and SEDEMAC Mechatronics.
Published on February 6, 2026