Canara Robeco, Hero Motors among 6 companies to get Sebi’s nod for IPOs

Six firms, including Canara Robeco Asset Management Company and Hero Motors, have secured Sebi’s approval to launch initial public offerings (IPOs), according to an update from the markets regulator on Monday (September 15, 2025).

Solar equipment manufacturer Emmvee Photovoltaic Power, fintech major Pine Labs, banking and smart card manufacturer Manipal Payment and Identity Solutions, and MTR Foods owner Orkla India also received the green light to float IPOs.

These approvals come after the companies filed their preliminary papers with Sebi between April and July and subsequently obtained regulatory observations during September 2-12.

In regulatory terms, Sebi’s observations are equivalent to clearance for launching a public issue.

Together, the six firms are expected to raise at least ₹9,000 crore through IPOs, merchant bankers said.

Proceeds will largely be directed toward business expansion, debt repayment, and providing an exit opportunity for existing shareholders.

All six companies are set to list on both the BSE and NSE.