Synopsis: SEBI has approved IPOs of five companies, including Oyo parent Prism and Truhome Finance, across diverse sectors. The issues aim to raise capital for expansion, debt reduction, and business growth amid strong primary market momentum.
India’s primary market is witnessing strong momentum as the capital markets regulator has cleared multiple initial public offerings across diverse sectors. The upcoming listings include companies from sectors such as housing finance, agriculture inputs, industrial manufacturing, laser equipment, and real estate development. Several of these issues comprise a mix of fresh capital raising and offer-for-sale components, aimed at expansion, debt strengthening, and operational funding.
Truhome Finance
The proposed initial share sale for the Warburg Pincus-backed Truhome Finance is set at a total of Rs. 3,000 crore. This issue is evenly split, consisting of a fresh issue of shares aggregating to Rs. 1,500 crore alongside an offer-for-sale (OFS) worth Rs. 1,500 crore by its promoter, Mango Crest Investment Ltd.
The company plans to use the proceeds to strengthen its capital base, meet the capital adequacy norms prescribed by the Reserve Bank of India (RBI), support its future lending requirements, and handle general corporate purposes.
Prism (Oyo’s Parent Entity)
Prism, the parent company of global travel-tech unicorn Oyo, intends to raise Rs. 6,650 crore through its public offer. The company initially filed its preliminary papers using the confidential pre-filing route back in December 2025.
Following SEBI’s recent nod, the firm’s next step is to file an updated draft red herring prospectus (UDRHP), which will open for public comments for three weeks. Sources indicate that Prism could file this updated draft by early July.
Advanta Enterprises
Advanta Enterprises is a global agricultural-solutions company that specialises in offering advanced hybrid seeds and post-harvest solutions. Its upcoming public issue will be structured entirely as an offer-for-sale (OFS) consisting of 3.61 crore shares. The shares are being offloaded by its promoter, UPL, along with investor shareholders Melwood Holdings II and KIA EBT Scheme 2.
Mehta Hitech Industries
Based out of Ahmedabad, Mehta Hitech Industries is engaged in manufacturing CO2 laser equipment, fibre laser equipment, CNC routers, and digital printers. The company’s upcoming issue consists strictly of a fresh issuance of 62 lakh shares.
The capital raised from this public offer will be utilised to fund the company’s capital expenditure requirements, support its working capital needs, and fulfill general corporate purposes.
Veegaland Developers
Veegaland Developers, a real estate developer and part of the V-Guard Group, is planning an IPO structured solely as a fresh issuance of Rs. 250 crore. Unlike some of the other listings, this issue features no offer-for-sale (OFS) component.
The company aims to deploy the net proceeds from the issue toward acquiring identified land parcels for residential developments as well as funding both its ongoing and upcoming real estate projects.
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