Pushp Brand (India), Sadbhav Futuretech and M.K. Sons Fine Jewels Receive SEBI Approval for IPO

Three companies, Pushp Brand (India) Limited, Sadbhav Futuretech Limited, and M.K. Sons Fine Jewels Enterprises Limited, have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their initial public offerings (IPOs).

The approvals clear the way for the companies to launch their public issues, adding to the pipeline of upcoming IPOs across the packaged spices, solar EPC, and jewellery sectors.

Pushp Brand (India) IPO - Issue Details

• Issue Type: Book-Built Issue (OFS only)
• Total Issue Size: Up to 0.74 crore equity shares
• Fresh Issue: Not Applicable
• Offer for Sale (OFS): Up to 0.74 crore equity shares
• Face Value: ₹5 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): ICICI Securities Limited, IIFL Capital Services Limited, Systematix Corporate Services Limited
• Registrar to the Issue: KFin Technologies Limited

About Pushp Brand (India) Limited

Incorporated in 1974, Pushp Brand (India) is a branded packaged spices and food company offering a diversified portfolio of pure spices, blended spices, hing, soya products, and tea under the Pushp and Munimji brands. The company is one of the fastest-growing packaged spice companies in India and is a market leader in Madhya Pradesh, with strong positions in packaged spices, vegetarian spices, and hing.

With over five decades of operating history, Pushp Spices has expanded from a regional brand in Indore to a pan-India business with products available across 24 states and union territories. Its distribution network spans over 368,000 retail touchpoints, supported by modern trade, e-commerce, quick-commerce, and HoReCa channels, enabling nationwide reach and consistent product availability.

Key Financial Highlights 

Sadbhav Futuretech IPO - Issue Details

• Issue Type: Book-Built Issue (Fresh Issue + OFS)
• Total Issue Size: To be announced
• Fresh Issue: Up to 2.55 crore equity shares
• Offer for Sale (OFS): Up to ₹235.00 crore
• Face Value: ₹2 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): Beeline Capital Advisors Private Limited
• Registrar to the Issue: Bigshare Services Private Limited

Utilisation of Sadbhav Futuretech IPO Proceeds

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

• Funding the working capital requirements of the company
• General corporate purposes

About Sadbhav Futuretech Limited

Incorporated in 2020, Sadbhav Futuretech Limited is an engineering, procurement and construction (EPC) contractor specialising in solar power projects. Its core business includes the installation of solar water pumping systems, rooftop solar systems, and ground-mounted solar power systems for government and private sector clients on a turnkey basis.

Since commencing operations, the company has installed a cumulative 171.68 MW of solar capacity and has expanded its presence across Maharashtra, Assam, Andhra Pradesh, Madhya Pradesh, Rajasthan, Haryana, and Chhattisgarh. It is also strengthening its ground-mounted solar portfolio, with one awarded EPC contract and two letters of intent for projects totalling 120 MW.

Key Financial Highlights 

M.K Sons Fine Jewels Limited IPO - Issue Details

• Issue Type: Book Building IPO
• Total Issue size: Up to 1.70 crore equity shares 
• Fresh Issue: Up to 1.36 crore equity shares
• Offer for sale (OFS): Up to 0.34 crore equity shares
• Face Value: ₹ 10 per equity share
• Price Band: To be announced
• Lot Size: To be announced
• Listing: NSE, BSE
• Book Building Lead Managers:  Aryaman Financial Services Limited 
• Registrar: Bigshare Services Private Limited

Utilisation of Proceeds

The Company will utilise the Net Proceeds from the Fresh Issue towards the following purposes:

• Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”).
• Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.
• General Corporate Purposes.

About M.K Sons Fine Jewels Limited

Incorporated in 2012, M.K. Sons Fine Jewels Limited is a retail jewellery company engaged in the marketing and sale of gold, diamond, and cubic zirconia (CZ) jewellery through its exclusive showroom network. The company caters to customers across multiple price segments with a broad range of traditional and contemporary jewellery.

As of December 31, 2025, M.K. Sons Fine Jewels offered a portfolio of over 17,452 SKUs, including 13,322+ gold jewellery designs and 4,130+ diamond and precious stone designs. Its product range includes rings, earrings, necklaces, bangles, bracelets, solitaires, and mangalsutras, serving everyday wear, gifting, and festive occasions.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.