Veeda Clinical, Shringar House of Mangalsutra, Rite Water Solutions, Seedworks International has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI) for IPO.
FinTech BizNews Service
Mumbai, July 9, 2025: Veeda Clinical, Shringar House of Mangalsutra, Rite Water Solutions, Seedworks International has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI) for IPO.
Veeda Clinical Research IPO
Veeda Clinical Research is planning to raise funds through Initial Public Offering (IPO). The Company had filed its IPO papers with Sebi on January 31, 2025.
The IPO, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 185 crore and an offer-for-sale up to 13 million equity shares by Promoter and Other Selling Shareholders. Veeda Clinical Research was incorporated in the year 2004 and began its operations with its first facility in Ahmedabad, Gujarat, in 2005, equipped with Healthy Volunteer Study (HVS) capabilities. Over the years, the company has steadily expanded its capacities and capabilities through both organic and inorganic growth strategies.
The company offers a comprehensive suite of services, including early and late-phase clinical trials, Healthy Volunteer Studies (HVS) encompassing bioavailability and bioequivalence studies, preclinical trials and non-clinical testing, as well as biopharma services such as non-clinical analysis and clinical bioanalysis of large molecules.
Shringar House of Mangalsutra IPO
Mumbai-based Shringar House of Mangalsutra has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) on February 5, 2025 to raise funds through Initial Public Offering (IPO) which is entirely a fresh issue of shares up to 24.30 million equity shares with no offer-for-sale component.
Incorporated in the year 2009, Shringar House of Mangalsutra is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutras adorned with various stones such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold. The company caters to a wide array of clients, including corporate entities, wholesale jewellers, and retailers across 24 states and 4 union territories in India. Beyond its domestic market, the company has expanded its presence internationally, serving clients in the UK, New Zealand, the UAE, the USA, and the Republic of Fiji.
Rite Water Solutions IPO
Nagpur-based, Clean-tech player, Rite Water Solutions (India), has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise Rs 745 crore through Initial Public Offering (IPO).
The Company had filed its IPO papers with Sebi on February 10, 2025. The IPO, with a face value of Rs 2, combines a fresh issue of equity shares of up to Rs 300 crore with an offer-for-sale of up to Rs 445 crore by the Promoter and Investor Selling Shareholders. Since its establishment in 2004, Rite Water Solutions (India) Limited is supported by the Water Access Acceleration Fund S.L.P. (“W2AF”) organized and existing under the laws of
France and managed by Incofin Investment Management in Belgium and backed by Ace Investor Mukul Agrawal. It offers a diverse range of solutions and services spanning water management, solar agriculture, and IoT-enabled systems, with a strong emphasis on rural sustainability and large-scale implementation. Operating on an asset-light model, the company efficiently scales its business with minimal capital expenditure, ensuring flexibility and resilience.
Seedworks International IPO
Telangana-based SeedWorks International has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) on February 11, 2025 to raise funds through Initial Public Offering (IPO). The IPO, with a face value of Rs 2, is entirely an Offer-for-Sale of up to 5,19,70,282 equity shares by the Promoter, Individual and Investor Selling Shareholders. SeedWorks International is a seed research and development company specializing in hybrid and OPV seeds for key crops like rice, cotton, pearl millet, mustard, vegetables, and fruits. It was the second-fastest-growing Indian seed company by revenue (FY21-FY24) with an 11.98% CAGR. The Company emphasis on product development to drive innovation in seeds, demonstrated by its industry leading R&D investments, has over the years, led to the commercialization of product offerings with performance traits such as improved yield and disease tolerance, among others.
