Swaraj Green Power and Fuel, Bombay Coated & Special Steels and Bonfiglioli Transmissions Receive SEBI Approval for IPO

Three companies have received approval from SEBI to launch their initial public offerings (IPOs). Bonfiglioli Transmissions, Bombay Coated & Special Steels, and Swaraj Green Power and Fuel secured regulatory clearance after SEBI issued its observations between 11 June and 12 June 2026.

The three issuers represent diverse sectors, including industrial power transmission, speciality steel processing, and bio-energy and sugar manufacturing.

Swaraj Green Power and Fuel Limited IPO - Issue Details

• Issue Type: Book-built IPO
• Total Issue Size: To be announced
• Fresh Issue: To be announced
• Face Value: To be announced
• Proposed Listing: NSE and BSE
• Book Running Lead Managers: Centrum Capital Limited, InCred Capital Wealth Portfolio Managers Private Limited and PNB Investment Services Limited.
• Registrar: KFin Technologies Limited

About Swaraj Green Power and Fuel Limited

Founded in 2010, Swaraj Green Power and Fuel Limited is an integrated sugar and bio-energy company headquartered in Maharashtra. The company operates a modern zero-liquid-discharge facility housing a 7,500 TCD sugar mill, a 500 KLPD ethanol distillery, and a 26.5 MW cogeneration power plant. 

Its operations span the production of sugar, ethanol, extra neutral alcohol (ENA), and co-gen power, with ethanol derived from both sugarcane juice and molasses, directly contributing to India's Ethanol Blending Program. The company has also built a reputation for environmentally responsible manufacturing, maintaining water consumption of approximately 2.5 litres per litre of ethanol produced.

Bombay Coated & Special Steels Limited IPO - Issue Details

• Issue Type: Book-built IPO (Fresh Issue Only)
• Total Issue Size: Agg. up to ₹191 crore
• Fresh Issue: Agg. up to ₹191 crore
• Face Value: ₹10 per share
• Proposed Listing: NSE and BSE
• Book Running Lead Managers: Smart Horizon Capital Advisors Private Limited (Formerly Known as Shreni Capital Advisors Private Limited)
• Registrar: KFin Technologies Limited

Utilisation of Bombay Coated & Special Steels IPO Proceeds

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

• Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
• Financing the cost towards the acquisition of capital equipment under existing lease arrangements with Siemens Financial Services Private Limited
• General corporate purposes

About Bombay Coated & Special Steels Limited 

Incorporated in 2019, Bombay Coated & Special Steels is one of India's leading steel processing centres, primarily engaged in converting steel coils into value-added products such as slit coils, blanks, and sheets through precision slitting, cut-to-length processing, shearing, and embossing. Its products serve OEMs and ODMs across home appliances, commercial appliances, and general engineering sectors. 

An authorised service partner of JSW Steel Coated Products Limited since 2021, the company operates four processing facilities across Wada, Bhiwandi, Ghiloth, and Sricity, spanning 42,209 sq. metres with a combined installed capacity of 350,411 MTPA. 

Bonfiglioli Transmissions Limited IPO - Issue Details

• Issue Type: Book-built IPO (OFS Only)
• Total Issue Size: 4.69 crore equity shares 
• Offer for Sale: 4.69 crore equity shares
• Face Value: ₹10 per share
• Proposed Listing: NSE and BSE
• Book Running Lead Managers: Axis Capital Limited, BNP Paribas, ICICI Securities Limited and Jefferies India Private Limited.
• Registrar: MUFG Intime India Private Limited

About Bonfiglioli Transmissions Limited

Bonfiglioli Transmissions Ltd is one of India's leading technology-driven manufacturers of mechanical and electro-mechanical power transmission and industrial drive solutions. The company designs and produces a wide range of high-precision, mission-critical gearboxes, gear motors, electric motors, variable frequency drives, servo drives, and precision solutions for robotics and automation, with torque capacities ranging from 13 Nm to 1,400 kNm. 

It serves three core market segments: Industry and Automation, Off-Highway Mobility, and Wind and is among the largest manufacturers of gearboxes and drives for OEMs and end-users in India. 

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