The IPO pipeline is gathering momentum, with seven companies across sectors including biscuits and beer, HVAC components, agricultural machinery, engineering, edible oils and telecom infrastructure filing their Draft Red Herring Prospectuses (DRHPs) with the Securities and Exchange Board of India (Sebi). The companies are looking to tap the primary market through proposed IPOs.
The firms that have filed the draft papers include Kolkata-based Anmol Industries Limited, Punjab-based Koolking Industries India Limited, Ludhiana-based Jagatjit Agri Engineering Limited, Indore-based Mount Everest Breweries Limited, Mohali-based Jai Parvati Forge Limited, Dhule-based Maharashtra Oil Extractions Limited and Haryana-based S.G. Encon Limited.
