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Six Companies File IPO Papers With SEBI Amid Market Rush
Six companies have submitted documents to SEBI to prepare for possible stock-market listings.
These documents are called draft red herring prospectuses, or DRHPs.
The companies work in areas such as real estate advice, foam recycling, road safety products, jewellery, steel and infrastructure.
Each company has proposed raising money through new shares, shares sold by existing owners, or both.
BS Sponge has proposed the largest issue, worth up to Rs 1,000 crore.
The companies would use the money for things like factories, working capital, equipment and repaying loans.
Their reported FY26 revenues and profits differed because the businesses are different sizes.
Filing a DRHP does not itself mean that an IPO has been completed.
Anarock, Sarva Foam Industries, Kataline, Sunil Gold India, BS Sponge and Pioneer Fabricators filed DRHPs with SEBI.
BS Sponge proposed a Rs 1,000-crore IPO, including a fresh issue of up to Rs 800 crore and an offer for sale of up to Rs 200 crore.
Sunil Gold India reported FY26 revenue of Rs 1,332.27 crore after gold processing more than doubled year-on-year.
Sarva Foam Industries plans to use Rs 90 crore from its issue to establish a rebonded polyurethane foam facility.
Pioneer Fabricators proposed a Rs 190-crore fresh issue to fund working capital, facility upgrades and a new manufacturing unit.
- Who
- Anarock, Sarva Foam Industries, Kataline, Sunil Gold India, BS Sponge and Pioneer Fabricators.
- What
- The six companies filed draft red herring prospectuses with SEBI for proposed initial public offerings.
- Where
- The companies are based in India, including locations such as Bhopal, Nagpur, Raigarh and New Delhi, while Anarock operates across India and the Middle East.
- When
- The filings and financial figures cited relate to FY26, with capacities reported as of March 2026; no specific filing date is provided.
- Why
- They plan to raise funds for working capital, manufacturing expansion, project execution, facility development, debt repayment and general corporate purposes.
Key facts
- Companies filing DRHPs
- Anarock, Sarva Foam Industries, Kataline, Sunil Gold India, BS Sponge and Pioneer Fabricators
- Largest proposed issue
- BS Sponge: Rs 1,000 crore
- BS Sponge use of proceeds
- Rs 650 crore is planned for repaying or pre-paying borrowings
- Sunil Gold FY26 revenue
- Rs 1,332.27 crore, up 155.64% from FY25
- Sarva Foam FY26 revenue
- Rs 206.12 crore, compared with Rs 174.84 crore in FY25
- Kataline FY26 revenue and profit
- Revenue was Rs 220.58 crore and net profit was Rs 26.83 crore
- Pioneer Fabricators order book
- Rs 320.3 crore as of March 2026
- Anarock FY26 performance
- Revenue was Rs 881.8 crore and net profit was Rs 93.2 crore
Sources
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