The Securities and Exchange Board of India (SEBI) has cleared Zepto and six other IPOs on 8 May 2026. below is the list of the latest IPO approvals secured during the 4 to 8 May 2026.
Latest IPO Approvals 8 May 2026
Below is the list of SEBI IPO approvals as of 8 May 2026:
Zepto IPO Approval
Zepto is a pure-play quick-commerce giant in India. The company revolutionize retail by delivering groceries and daily essentials in 10 minutes through a hyper-dense, technology-driven network of urban dark stores. Zepto submitted its IPO papers via the confidential pre-filing mechanism on 2 January 2026, and clinched SEBI’s approval on 8 May 2026. Zepto IPO si expected to raise around INR 11,000 – 12,000 crore. The upcoming IPO is expected to feature a massive Fresh Issue supplemented by a strategic Offer for Sale (OFS). Axis Capital is acting as the lead manager for one of this year’s biggest IPO listings.
Hotel Polo Towers IPO Approval
Operating primarily in Northeast India, Hotel Polo Towers is a prominent hospitality player focused on capturing regional essence through its premium accommodations and robust food and beverage operations. The company filed its DRHP on 8 October 2025 and received its observation letter on 4 May 2026. Hotel Polo IPO is structured as a Book Built IPO comprising a fresh issue of INR 300 crore + Offer for Sale (OFS) of up to 7.12 million equity shares. Equirus Capital is appointed as the lead manager to steer this hospitality sector offering.
Crystal Crop Protection IPO Approval
Crystal Crop Protection is a fully integrated agri-solutions platform that provides farmers with agrochemicals, natural crop protection products, and hybrid seeds, backed by strong in-house R&D and a pan-India distribution network. The company submitted its IPO papers on 18 December 2025, and was granted SEBI’s approval on 4 May 2026. Crystal Crop IPO is a combination of a fresh issue worth INR 600 crore and an Offer for Sale (OFS) of up to 7.4 million equity shares. IIFL Capital Services is the lead manager for this agricultural heavyweight.
Surgiwear IPO Approval
Surgiwear is a leading domestic manufacturer of medical implantable devices and disposables, designing innovative healthcare solutions like orthopaedic implants, hydrocephalus shunts, and sterile surgical drapes. The company has filed its draft prospectus on 30 December 2025, the and secured observation letter on 4 May 2026. Surgiware IPO is also a mix of fresh issue and OFS of INR 370 crore each. Motilal Oswal Investment Advisors has been mandated as the lead manager.
Horizon Industrial Parks IPO Approval
Blackstone-backed Horizon Industrial Parks is a premier logistics infrastructure developer and operator, managing over 60 million square feet of Grade-A warehousing across 10 key Indian cities. The company filed its DRHP on 1 January 2026, and received regulatory clearance on 5 May 2026. Horizon Industrial Park IPO is a totally fresh issue worth INR 2,600 crore. The funds are aimed at reducing outstanding debt and fuel further expansion. JM Financial is book running lead manager of the isseu.
Dhoot Transmission IPO Approval
Dhoot Transmission is backed by Bain Capital. The company is a powerhouse in the auto components sector, manufacturing complex wiring harnesses, electronic sensors, and automotive switches for major two-wheeler and commercial vehicle OEMs globally. The company utilized the confidential pre-filing route on 2 February 2026 and received an observation letter on 5 May 2026. Dhoot Transmission is expected to raise ~INR 2,258 crore, the IPO comprising both a Fresh Issue and an Offer for Sale (OFS). Axis Capital is serving as the coordinating lead manager for the issue.
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.
