Primary market activity in May 2026 continues to hold a steady pace despite ongoing global turbulence. The Securities and Exchange Board of India (SEBI) has cleared the decks for three companies. Let’s take a deep look into the list of the latest IPO approvals secured during the period from 8 to 15 May 2026.
List of Latest IPO Approvals 15 May 2026
Below is the breakdown of the latest companies that have received SEBI approval to launch their IPOs soon:
Aspri Spirits IPO Approval
Aspri Spirits is the largest alcobev distributor in India with a liqueur import share of 57%. The company specialises in the integrated marketing, branding, and distribution of international wine and spirit portfolios. The IPO is structured as a combination of a fresh issue (INR 140 crore) and an OFS (50 lakh shares). Motilal Oswal Investment Advisors is acting as the Book Running Lead Manager for the issue. The company has submitted its DRHP on 12 December 2025. Following a detailed review, SEBI cleared the issue and officially issued its final observation letter on 06 May 2026, paving the way for its upcoming market debut.
Neolite ZKW Lightings IPO Approval
Neolite ZKW Lightings is an established player in the automotive components sector, known for manufacturing advanced LED-based and conventional lighting solutions for global and domestic OEMs. Neolite holds a 34.43% market share in India’s commercial vehicle lighting segment (FY2025), as per CRISIL. The company offers more than 830 SKUs and serves over 40 original equipment manufacturers (OEMs) across India and 50+ international markets.
The IPO is framed as a mix of a fresh issue (INR 200 crore) and an Offer for Sale (INR 200 crore). Anand Rathi Advisors has been appointed as the Lead Manager to oversee the public mobilization. Neolite files prospectus on 2 January 2026 and issue cleared on 14 May 2026.
SS Retail IPO Approval
SS Retail is a largest mobile phone retail chain in India. The company operates as a multi-brand retail chain specialising in smartphones, electronic accessories, and consumer electronics with a massive footprint across Western India. The INR 500 crore public issue is structured as a hybrid book-building issue. Anand Rathi Advisors is steering the electronics retailer through the public listing phase. SS filed its DRHP on 5 January 2026 and secured its final regulatory nod on 14 May 2026.
Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.
