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India IPO SEBI DRHP Activity Filings โ€” December 29, 2025

India IPO Activity Monitor

1 high priority42 medium priority43 total filings analysed

Executive Summary

Despite the 'India IPO Activity Monitor' stream capturing 43 filings labeled as IPO listings on December 29, 2025, actual IPO listing events are sparse (e.g., Laxmi Dental, Trishakti Industries, Ceigall India, Everest Industries, Kimia Biosciences), with the majority comprising routine Regulation 30 disclosures from already-listed companies, including management changes, analyst meetings, and minor orders. Overarching neutral sentiment reflects low materiality (mostly 1-2/10) and data quality issues like mislabeling, truncations, and uniform 'technology' sector tagging across diverse industries (steel, pharma, infra, paints). Cumulative impact signals subdued IPO momentum, potential monitoring system noise, and limited alpha from isolated positives like tax refunds amid governance and regulatory risks.

Tracking the trend? Catch up on the prior India IPO SEBI DRHP Activity Filings digest from December 28, 2025.

Investment Signals(4)

  • โ–ฒ

    Subex Limited receipt of income tax refund improving cash position [BULLISH] - Subex Limited

  • โ–ฒ

    Siyaram Recycling Industries securing Rs. 14.3 Cr order adding potential revenue [BULLISH] - Siyaram Recycling Industries Limited

  • โ–ฒ

    Sterling Tools receipt of CGST Commissionerate order signaling potential tax liability [BEARISH] - Sterling Tools Limited

  • โ–ฒ

    Multiple new IPO listings (Laxmi Dental, Trishakti, Ceigall, Everest, Kimia) indicating selective fresh supply [NEUTRAL-to-BULLISH] - Recent listers

Risk Flags(4)

  • โ–ผ

    Repeated management changes across 6+ filings for Kolte-Patil Developers (scrip variants 532924, 975276, etc.) suggesting internal instability or data duplication [SYSTEMIC/COMPANY-SPECIFIC]

  • (SYSTEMIC)
    โ–ผ

    Disclosure delays, truncations, and exchange queries (e.g., Omnipotent Industries, Hemisphere Properties, AJR Infra) eroding transparency in post-listing phase

  • (SYSTEMIC)
    โ–ผ

    Mismatch between 'IPO Listing' labels and routine Reg 30 content for 90%+ filings, plus erroneous 'technology' sector tagging, highlighting data integrity risks in monitoring

  • (COMPANY-SPECIFIC)
    โ–ผ

    High-risk CGST order on Sterling Tools with undisclosed implications amid rising regulatory scrutiny

Opportunities(4)

  • โ—†

    Engage with post-IPO investor roadshows (e.g., Windlas Biotech, Hariom Pipe, Sambhv Steel site visits) for early institutional positioning in fresh listers

  • โ—†

    Capitalize on Subex cash inflow from tax refund as undervalued liquidity catalyst in tech-adjacent space

  • โ—†

    Target order wins like Siyaram Recycling for near-term revenue alpha in metals/recycling amid industrial recovery

  • โ—†

    Monitor sparse authentic IPO listings (Laxmi Dental, Ceigall) for listing-day pops if broader market sentiment improves

Sector Themes(3)

  • โ—†

    Governance churn in realty/infra (Kolte-Patil dominance with 6 filings on management shifts; extensions at Shipping Corp subsidiary) signals post-listing housekeeping but potential leadership risks

  • โ—†

    Investor outreach surge post-listing (analyst meets at Windlas, Hariom; site visits at Sambhv Steel) across pharma, metals, infra, fostering institutional flows despite low materiality

  • โ—†

    Regulatory/tax jolts in industrials (CGST order at Sterling Tools; tax refund at Subex) underscore uneven compliance burdens amid diverse 'tech'-mislabeled sectors like steel, paints, cement

Watch List(4)

  • 532924, 975276, 977231, etc.) - Cluster of undisclosed management changes risking operational continuity

  • ๐Ÿ‘

    Sterling Tools Limited (530759) - CGST order details/tax demand implications for earnings

  • ๐Ÿ‘

    Omnipotent Industries (543400) & Hemisphere Properties (543242) - Disclosure delays/exchange queries on resignations and price-volume triggers

  • ๐Ÿ‘

    Authentic new listers (Laxmi Dental 544339, Ceigall 544223, Trishakti 531279) - Debut performance amid single-day IPO cluster

Filing Analyses(43)
Laxmi Dental LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Laxmi Dental Limited (544339) issued an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding its IPO Listing on BSE dated December 29, 2025. The company is positioned in the technology sector. No financial metrics, pricing, performance data, or other quantitative details are disclosed in the filing.

Kirloskar Industries LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Kirloskar Industries Limited (500243) made a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing about the Scrutiniser's Report on voting results. The filing is dated December 29, 2025, sourced from BSE, and labeled as IPO Listing event type with sector as technology. The message is truncated with no further details provided.

UnknownIPO Listingneutralmateriality 1/10

29-12-2025

Devika Proteins Ltd (531171) disclosed newspaper publication of Standalone Un-audited Financial Statements in compliance with Regulation 30 and 47 of SEBI (LODR) Regulations, 2015. This is presented as an IPO Listing event on BSE dated December 29, 2025, with sector noted as technology. No financial metrics, IPO details, or numerical data provided in the filing.

Windlas Biotech LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Windlas Biotech Limited (BSE: 543329) provided an intimation to BSE regarding the schedule of Analyst / Institutional Investor meetings in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure is dated December 29, 2025, categorized as an IPO Listing event in the technology sector. No specific details on meeting schedules, financials, or other quantitative data are mentioned.

Sambhv Steel Tubes LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Sambhv Steel Tubes Ltd (544430) disclosed the schedule of a Group Site Visit by Analysts pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made via BSE on December 29, 2025. No specific details on the schedule, financials, or IPO-related metrics are provided in the filing.

UnknownIPO Listingneutralmateriality 2/10

29-12-2025

Gammon India Ltd (509550) intimated under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, regarding the appointment of Company Secretary & Compliance Officer. The disclosure is from BSE dated December 29, 2025, and labeled as IPO Listing event but contains no IPO details. No financial metrics, transaction values, or quantitative data are mentioned.

PRAVEG LIMITEDIPO Listingneutralmateriality 2/10

29-12-2025

Praveg Ltd (531637) submitted an intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the execution of a Strategic Inventory Agreement (details cut off at 'betw'). This disclosure is labeled as an IPO Listing event on BSE dated December 29, 2025. No further details on parties, terms, value, or financial impact are provided in the filing.

UnknownIPO Listingneutralmateriality 1/10

29-12-2025

ADITYA BIRLA RENEWABLES Ltd (976038) announced the appointment of Ms. Surbhi Chaudhary as Company Secretary of the Company and Compliance Officer under Listing Regulations. The event is categorized as IPO Listing on BSE dated December 29, 2025. No financial, valuation, or quantitative details are disclosed in the filing.

Trishakti Industries LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Trishakti Industries Limited (BSE:531279) IPO listing occurred on December 29, 2025, as disclosed via BSE pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is positioned in the technology sector. No financial metrics, pricing details, share counts, or performance data are mentioned in the announcement.

Ceigall India LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Ceigall India Limited (BSE: 544223) announced IPO listing on December 29, 2025, in continuation of a letter dated December 28, 2025, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The announcement encloses a press release. Sector classified as technology; no financial, pricing, or performance details disclosed.

JINDAL STEEL LIMITEDIPO Listingneutralmateriality 1/10

29-12-2025

Jindal Steel Limited (532286) provided an intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, via BSE on December 29, 2025, regarding a press release linked to an IPO Listing event. The company is classified in the technology sector. No financial details, IPO specifics, or quantitative data are disclosed in the provided information.

Siyaram Recycling Industries LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Siyaram Recycling Industries Ltd (BSE:544047) intimated securing an order amounting to Rs. 14336410 under Regulation 30 of SEBI (LODR) Regulations 2015. This disclosure is from BSE, dated December 29, 2025, for a company in the technology sector. No additional details on order specifics, materiality, or financial impact provided.

ALGOQUANT FINTECH LIMITEDIPO Listingneutralmateriality 1/10

29-12-2025

Algoquant Fintech Ltd (BSE: 505725), a technology sector company, has informed BSE pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 about a Notice of Postal Ballot and Calendar. This disclosure is labeled as an IPO Listing event dated December 29, 2025. No details on IPO pricing, financials, proceeds, share counts, or listing performance are provided in the filing.

Alfred Herbert (India) Ltd.IPO Listingneutralmateriality 2/10

29-12-2025

Alfred Herbert India Ltd (scrip code 505216) disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on BSE, related to its IPO Listing event on December 29, 2025. The company is positioned in the technology sector. No financial metrics, pricing, share counts, performance data, or other quantitative details are mentioned in the disclosure.

Hemisphere Properties India LimitedIPO Listingneutralmateriality 2/10

29-12-2025

BSE sought clarification from Hemisphere Properties India Ltd (scrip: 543242) via email dated 26.12.2025 regarding any information or announcement that may impact the price or volume behaviour of the company's scrip, in the context of its IPO listing on December 29, 2025. No specific details on such information, financials, or announcements were provided in the disclosure. The company operates in the technology sector.

Kansai Nerolac Paints LimitedIPO Listingneutralmateriality 1/10

29-12-2025

Kansai Nerolac Paints Ltd (500165) provided an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with relevant SEBI circulars enclosed herewith. The event is categorized as IPO Listing dated December 29, 2025, sourced from BSE. No specific details on IPO, financials, or transaction metrics are disclosed.

Linde India LimitedIPO Listingneutralmateriality 1/10

29-12-2025

Linde India Limited (BSE: 523457) issued an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosing letter no. Sect/80 dated December 29, 2025, in the context of an IPO Listing event on BSE. No specific details on listing performance, financials, pricing, or proceeds are disclosed in the filing. Event classified as IPO Listing stage with sector noted as technology.

SHREE CEMENT LIMITEDIPO Listingneutralmateriality 1/10

29-12-2025

Shree Cement Limited (BSE: 500387) made a disclosure on December 29, 2025, via BSE under Regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations 2015, stating that the company has received demand. The event is labeled as IPO Listing, though no IPO-specific details such as pricing, shares, or proceeds are mentioned. Sector is noted as technology.

UnknownIPO Listingneutralmateriality 1/10

29-12-2025

Shree Cements Ltd (975104) made a disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations 2015, stating that the Company has received demand. This is in the context of an IPO Listing event on BSE dated December 29, 2025, with sector noted as technology. No numerical data, financial details, or further specifics on the demand or listing are provided.

Raymond LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Raymond Limited (Raymond Ltd, BSE: 500330) issued an intimation on December 29, 2025, via BSE regarding the appointment of Independent Directors as per Regulation 30 of the Listing Regulations. The event is labeled as IPO Listing but pertains to a listed company's governance update in the technology sector. No specific details on appointees, numbers, or financials are disclosed.

Everest Industries LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Everest Industries Limited (BSE: 508906) completed its IPO listing on December 29, 2025, with the announcement made via BSE pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references SEBI Master Circular No. SEBI/HO/. The company is classified in the technology sector.

Omnipotent Industries LimitedIPO Listingneutralmateriality 3/10

29-12-2025

Omnipotent Industries Limited (BSE: 543400), a technology sector company, issued a corporate announcement on December 29, 2025, explaining a delay in disclosures pursuant to BSE's email query dated December 22, 2025. The company submitted a revised disclosure attaching resignation details. No financial, IPO pricing, or performance data is mentioned.

Kolte - Patil Developers LimitedIPO Listingneutralmateriality 3/10

29-12-2025

Kolte-Patil Developers Ltd (532924) disclosed a change in management under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on December 29, 2025, via BSE. The event is framed as an IPO Listing, but no IPO-specific details such as pricing, proceeds, or listing performance are provided. Sector is noted as technology.

UnknownIPO Listingneutralmateriality 4/10

29-12-2025

Kolte-Patil Developers Ltd (975276) IPO listing on BSE dated December 29, 2025, with a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding Change in Management. Sector identified as technology. No specific numerical data, financials, or details on the management change provided in the filing.

UnknownIPO Listingneutralmateriality 2/10

29-12-2025

Kolte-Patil Developers Ltd (977231) disclosed a change in management under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, via BSE on December 29, 2025. The event is categorized as IPO Listing in the technology sector, but no specific details on the management change, IPO terms, or financials are provided in the filing.

UnknownIPO Listingneutralmateriality 3/10

29-12-2025

Kolte-Patil Developers Ltd (scrip: 974771) made a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding a Change in Management, reported on BSE as an IPO Listing event dated December 29, 2025. The company is categorized in the technology sector. No further details on the management change, financials, or IPO specifics are provided in the filing.

UnknownIPO Listingneutralmateriality 4/10

29-12-2025

Kolte-Patil Developers Ltd (976030) disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Change in Management on December 29, 2025, sourced from BSE. This is presented as an IPO Listing event in the technology sector. No financial details, IPO specifics, or quantitative data are mentioned.

HINDUSTHAN URBAN INFRASTRUCTURE LIMITEDIPO Listingneutralmateriality 2/10

29-12-2025

Hindusthan Urban Infrastructure Ltd (BSE: 539984) intimated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Industry Standards, regarding its IPO Listing event on December 29, 2025. The company operates in the technology sector. No financial metrics, pricing, share details, or performance data are disclosed in the filing.

Shipping Corporation of India Land and Assets LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Shipping Corporation of India Land and Assets Ltd (BSE:544142, SCILAL) intimated the extension of additional charge of the CMD post to Capt. B.K. Tyagi under Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure was made on December 29, 2025, via BSE. No financial, quantitative, or transaction details are mentioned.

FDC LimitedIPO Listingneutralmateriality 2/10

29-12-2025

FDC Limited (BSE: 531599) issued an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, categorized as an IPO Listing event on December 29, 2025, via BSE. The disclosure pertains to the technology sector. No additional details, financials, or IPO specifics are provided.

Nimbus Projects LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Nimbus Projects Limited (511714), a technology sector company, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the availing of a secured loan/credit facility amounting to โ‚น7.45 crore and โ‚น25.00 lakh. The disclosure was filed with BSE on December 29, 2025, labeled as an IPO Listing event. No additional details on terms, use of proceeds, or impact provided.

SBL Infratech LimitedIPO Listingneutralmateriality 1/10

29-12-2025

SBL Infratech Ltd (BSE: 543366), a technology sector company, disclosed the proceedings and outcome of its 10th Annual General Meeting held on December 29, 2025, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure is sourced from BSE and labeled as an IPO Listing event, though it pertains to a post-listing AGM for an already listed entity. No specific details on resolutions, outcomes, financials, or numerical data are provided in the filing.

UnknownIPO Listingneutralmateriality 1/10

29-12-2025

BSE disclosure by AJR Infra And Tolling Ltd (532959) under Regulation 30 of SEBI (LODR) Regulations 2015 read with Schedule III, informing about Mr. Srinivasu Chaganti. Event typed as IPO Listing on December 29, 2025, with sector noted as technology. Filing text is incomplete with no specific details on the event or Mr. Chaganti's involvement.

Subex LimitedIPO Listingbullishmateriality 4/10

29-12-2025

Subex Limited (BSE: 532348), a technology sector company, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the receipt of an income tax refund on December 29, 2025, as per BSE filing. No details on the refund amount, materiality, or financial impact were provided. This is a post-listing disclosure for an already listed company, not an IPO event.

Hariom Pipe Industries LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Hariom Pipe Industries Limited (BSE: 543517) filed a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimating an Analyst / Institutional Investor Meeting on December 30, 2025. This follows the company's IPO listing event dated December 29, 2025, sourced from BSE. No quantitative financial data, shareholding changes, or other numerical details are mentioned in the filing.

Thomas Cook (India) LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Thomas Cook (India) Limited (BSE: 500413) issued an intimation under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on December 29, 2025, via BSE, in the context of an IPO Listing event. The company operates in the technology sector. No quantitative details such as transaction values, share counts, financial metrics, pricing, or performance are disclosed.

Senores Pharmaceuticals LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Senores Pharmaceuticals Limited (544319) informed BSE on December 29, 2025, regarding an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, in the context of its IPO Listing event. The company is positioned in the technology and pharma sector. No financial metrics, pricing details, share counts, or other quantitative data are disclosed in the filing.

CSB Bank LimitedIPO Listingneutralmateriality 1/10

29-12-2025

CSB Bank Limited (BSE scrip code 542867) provided an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as disclosed on BSE on December 29, 2025. The event is classified as an IPO Listing in the technology and banking sector. No further details on the intimation, financials, or IPO specifics are mentioned.

Prime Focus LimitedIPO Listingneutralmateriality 2/10

29-12-2025

Prime Focus Ltd (532748) made a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) regarding the incorporation of an indirect subsidiary. No financial details, transaction values, or subsidiary name provided. Event dated December 29, 2025, sourced from BSE.

Sterling Tools LimitedIPO Listingbearishmateriality 6/10

29-12-2025

Sterling Tools Limited (BSE: 530759) disclosed under Regulation 30 of SEBI Listing Regulations an order received from the Principal Commissioner, CGST Commissionerate, Dehradun. No details on the order's nature, amount, or implications are provided. Sector noted as technology.

KIMIA BIOSCIENCES LIMITEDIPO Listingneutralmateriality 2/10

29-12-2025

Kimia Biosciences Ltd (530313) announced its IPO listing on BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, dated December 29, 2025. The company operates in the technology sector. No financial metrics, transaction details, share counts, pricing, or performance data are disclosed in the provided information.

RNIT AI SOLUTIONS LIMITEDIPO Listingneutralmateriality 1/10

29-12-2025

RNIT AI Solutions Limited (BSE: 517286) disclosed the summary of proceedings of its First Annual General Meeting (Post Relisting) held on December 29, 2025. The filing from BSE provides no details on resolutions, outcomes, financials, or other specifics. This routine post-relisting corporate event indicates compliance with listing obligations but lacks substantive information.

ELITECON INTERNATIONAL LIMITEDIPO Listingneutralmateriality 1/10

29-12-2025

Elitecon International Ltd (BSE:539533), a technology sector company, submitted copies of the publication of Notice of Postal Ballot under Regulation 30 read with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. The submission was announced on December 29, 2025, via BSE. No details on the postal ballot purpose, outcomes, financials, or IPO-related information are disclosed in the filing.

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