Bharat PET, Sadbhav Futuretech, Paras Healthcare and MK Sons Fine Jewels get Sebi clearance for IPO plans

As many as four companies -- Bharat PET Ltd, Sadbhav Futuretech Ltd, Paras Healthcare Ltd and MK Sons Fine Jewels Ltd -- have received Sebi's clearance to float their initial public offerings (IPOs), according to an update from the market regulator on Friday.

Sebi observation is a key step in the IPO process, after which companies can proceed with further preparations for their public issues, subject to applicable regulatory requirements.

All four companies had filed their draft IPO papers between March and June. They obtained Sebi's final observations during August 24-28, the update with the regulator showed.

What the four companies plan to raise through IPOs

Bharat PET had filed its IPO papers with Sebi on March 25 and received the regulator's observations on August 26.

The company's proposed IPO aggregates around Rs 760 crore and comprises a fresh issue of equity shares worth up to Rs 120 crore and an offer for sale (OFS) of shares worth about Rs 640 crore by promoter selling shareholders.

The proceeds from the fresh issue are proposed to be used for repayment of borrowings of Rs 50 crore, funding capital expenditure towards purchase of machinery and equipment worth Rs 35.8 crore, and general corporate purposes.

Sadbhav Futuretech filed its IPO papers on April 7 and received Sebi's observations on August 28.

Its proposed IPO comprises a fresh issue of up to 2.55 crore equity shares along with an OFS aggregating Rs 235 crore by promoters and other shareholders.

The proceeds are proposed to be utilised towards working capital requirements and general corporate purposes.

Paras Healthcare filed its IPO papers on June 16 and received Sebi's observations on August 24.

Paras Healthcare plans to raise up to Rs 1,800 crore through the IPO comprising a fresh issue of equity shares worth up to Rs 500 crore and an OFS of shares worth up to Rs 1,300 crore by the selling shareholder.

The company proposes to utilise the IPO proceeds towards prepayment or scheduled repayment of certain outstanding borrowings, investment in its wholly-owned subsidiary PMHPL for repayment or prepayment of its borrowings, and general corporate purposes.

Operating under the "Paras Health" brand, the company has a network of eight hospitals with an aggregate bed capacity of 2,211 beds as of March 31, 2026.

MK Sons Fine Jewels filed its IPO papers on May 14 and received Sebi's observations on August 28.

The company's proposed IPO comprises a fresh issue of up to 1.36 crore equity shares and an OFS of up to 34 lakh equity shares by promoter Ramchand Murlidhar Raimalani.

The company proposes to use the net proceeds from the fresh issue for setting up a new showroom in Maharashtra, expanding an existing showroom in Gujarat, repayment or prepayment of certain borrowings and general corporate purposes.

Earlier, packaged spices company Pushp Brand (India) Ltd and fintech firm Paramotor Digital Technology received Sebi's approval to float IPOs.