Four companies have received approval from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings (IPOs). AGS Health Limited, PGP Glass Limited, Shreni Shares Limited, and SRIT India Limited secured regulatory clearance after SEBI issued its observations on their respective draft offer documents.

The proposed public issues span diverse sectors, including asset management, healthcare outsourcing, glass packaging, financial services, and information technology services.

Company	Issue Type	Fresh Issue	Offer for Sale (OFS)
AGS Health Limited	Fresh Issue + OFS	To be announced	To be announced
PGP Glass Limited	To be announced	To be announced	To be announced
Shreni Shares Limited	Fresh Issue + OFS	0.69 crore equity shares	0.82 crore equity shares
SRIT India	Fresh Issue Only	1.68 crore equity shares	Not Applicable

AGS Health Limited IPO - Issue Details

Issue Type: Book-built IPO
Total Issue Size: To be announced
Fresh Issue: To be announced
Offer for Sale: To be announced
Proposed Listing: BSE, NSE

About AGS Health Limited

AGS Health Limited is a healthcare revenue cycle management (RCM) and business process outsourcing company serving hospitals, physician groups, and healthcare systems. The company provides end-to-end solutions, including medical coding, billing, claims processing, accounts receivable management, and analytics services. Through a combination of technology, automation, and domain expertise, AGS Health helps healthcare providers improve operational efficiency and maximise revenue realisation.

PGP Glass Limited IPO - Issue Details

Issue Type: Book-built IPO
Total Issue Size: To be announced
Fresh Issue: To be announced
Offer for Sale: To be announced
Proposed Listing: NSE and BSE

About PGP Glass Limited

PGP Glass Limited, formerly Piramal Glass, is a leading specialty glass packaging manufacturer catering to the cosmetics, perfumery, pharmaceutical, food, and beverage industries. The company offers premium glass packaging solutions and serves a diverse customer base across domestic and international markets. Its focus on innovation, design, and sustainable packaging has helped it establish a strong position in the glass container industry.

Shreni Shares Limited IPO - Issue Details

Issue Type: Book-built IPO
Total Issue Size: 1.51 crore shares
Fresh Issue: 0.69 crore shares
Offer for Sale (OFS): 0.82 crore shares
Face Value: ₹10 per share
Proposed Listing: BSE, NSE
Book Running Lead Managers: Aryaman Financial Services Limited.
Registrar: Bigshare Services Private Limited

Utilisation of Shreni Shares IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

To meet working capital requirements.
Repayment or pre-payment , in full or part, of certain borrowings availed by the Company.
General corporate purposes

About Shreni Shares Limited

Shreni Shares Limited is a diversified financial services company engaged in stock broking, depository participant services, wealth management, investment advisory, institutional broking, and the distribution of financial products. The company serves retail, high-net-worth, and institutional clients through technology-enabled platforms and a broad distribution network.

Total income increased by 60.6% to ₹460.29 crore in FY25 from ₹286.60 crore in FY24. Profit before tax rose 75.7% to ₹401.38 crore from ₹228.43 crore in the previous fiscal year. Profit after tax attributable to shareholders stood at ₹298.21 crore in FY25, compared with ₹231.56 crore in FY24.

SRIT India Limited IPO - Issue Details

Issue Type: Book-built IPO (Fresh Issue Only)
Total Issue Size: 1.68 crore equity share
Fresh Issue:1.68 crore equity share
Face Value: ₹5 per share
Proposed Listing: NSE and BSE

Book Running Lead Managers: Choice Capital Advisors Private Limited

Registrar: KFin Technologies Limited

Utilisation of SRIT India IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding capital expenditure requirements towards modernization and redevelopment of existing products.
Funding working capital requirement of the Company.
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives.
General corporate purposes

About SRIT India Limited

Headquartered in Bengaluru, SRIT India Limited is an IT and IT-enabled services (IT/ITeS) company that provides digital transformation solutions through software development, system integration, and automation services. The company serves government and enterprise clients across healthcare, e-governance, and telecommunications & broadband sectors.

SRIT India has executed more than 103 projects across India and select international markets. Its strong project portfolio, long-standing client relationships, and expertise in delivering large-scale digital platforms have positioned it as a trusted technology partner in the public and private sectors.

SRIT India reported strong financial performance in FY25, with revenue from operations rising 43.6% to ₹389.35 crore from ₹271.09 crore in FY24. Profit before tax increased to ₹46.19 crore in FY25 from ₹38.34 crore in FY24, while profit after tax grew 15.6% to ₹33.60 crore from ₹29.08 crore. The company's total income stood at ₹400.50 crore in FY25 compared to ₹282.22 crore in FY24.

Check out newly listed IPOs on BSE and NSE.

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