Seven companies have received SEBI approval to launch initial public offerings after filing draft papers between June and August. Shadowfax Technologies plans to raise 2,000-2,500 crore through a mix of fresh shares and offer-for-sale, with proceeds intended for capacity enhancement and network business investments. Rayzon Solar's IPO involves a fresh issue of up to 1,500 crore, with #1,265 crore allocated to establish a 3.5 GW solar cell manufacturing facility using TOPCon technology in Surat through subsidiary Rayzon Energy. ARCIL's offering is entirely an offer-for-sale of up to 10.54 crore equity shares by promoters and shareholders, including Avenue Capital (6.87 crore shares), State Bank of India (1.94 crore shares), and GIC's exit of 1.62 crore shares representing 5% stake. Other approved companies include Safex Chemicals with a 450 crore fresh issue plus OFS, Aggcon Equipments planning 332 crore fresh issue, PNGS Reva Diamond Jewellery with 7450 crore fresh issue, and Sudeep Pharma combining 795 crore fresh issue with promoter
OFS.Al companies plan to list on BSE and NSE.