**SEBI Clears 7 IPOs: 2026 Pipeline Gains Momentum** The Securities and Exchange Board of India (SEBI) has issued final observations for seven companies, effectively clearing them for initial public offerings (IPOs). This regulatory green light reinforces expectations for a record-breaking year in India's primary market, with analysts projecting fundraising could reach between **₹3.5 lakh crore** and **₹4 lakh crore** in 2026. Here is a breakdown of the approved issuers and their proposed structures. **Real Estate & Infrastructure** **Eldeco Infrastructure and Properties** Leading the pack by size, the Haryana-based developer has secured approval for a **₹1,000 crore** IPO. The structure includes a fresh issue of **₹800 crore** and an Offer for Sale (OFS) of **₹200 crore**. Capital from the fresh issue is largely earmarked for debt repayment (approx. **₹600 crore**) and general corporate needs. **Energy & Manufacturing** **Rotomag Enertec** Operating in the renewable energy and industrial drive space, Gujarat-based Rotomag Enertec plans a significant listing. The issue comprises a fresh equity injection of **₹500 crore** alongside an OFS of up to **2.40 crore** shares by existing shareholders. Funds will primarily address debt reduction and working capital requirements. **HD Fire Protect** This Mumbai-based fire safety manufacturer has opted for a pure Offer for Sale route. Promoters will offload approximately **2.63 crore** shares, with no fresh capital entering the company. HD Fire Protect is a key player in a domestic market valued at **₹10,200 crore**, supplying projects like the new Parliament building and ISRO launch pads. **Technology & Services** **CSM Technologies** The Bhubaneswar-based GovTech and IT solutions provider has received approval for a fresh issue of **1.29 crore** equity shares. Uniquely, this issue carries no OFS component, ensuring all proceeds go directly into the company for growth initiatives and technological infrastructure upgrades. **Xtranet Technologies** Focused on IT services and enterprise applications, Xtranet aims to raise approximately **₹190 crore** through a purely fresh issue. The capital is designated for debt repayment and working capital, positioning the firm to expand its digital services footprint. **AITMC Ventures** Formerly AVPL International, this drone technology and skill development firm is targeting a **₹200 crore** fresh issue. The funds are intended to support business expansion in the drone sector and general corporate purposes. **Agrochemicals** **Parijat Industries** The New Delhi-based agrochemical firm will launch a mixed issue featuring a fresh capital raise of **₹160 crore** and an OFS of **2.04 crore** shares. A significant portion of the fresh proceeds (approx. **₹121 crore**) is allocated for debt repayment. **Market Context** While approval activity is high, market entry remains selective. Associated Power Structures, which had also filed draft papers, withdrew its IPO application on **January 30, 2026**, citing strategic reasons. The primary market outlook for early 2026 remains robust, driven by strong domestic liquidity and a shift toward quality-led listings. Investors are advised to monitor the Red Herring Prospectus (RHP) filings for final price bands and issue dates.