SEBI cleared five IPOs totaling over ₹4,000 crore, including major listings, while halting Sterlite Electric’s IPO without explanation.

SEBI has approved five IPOs totaling over ₹4,000 crore, including Milky Mist Dairy Food’s ₹2,035 crore offering, Curefoods’ ₹800 crore IPO, and Gaja Alternative Asset Management’s landmark private equity IPO. Steamhouse India and Kanodia Cement also received clearance. Meanwhile, Sterlite Electric’s IPO has been paused without explanation, despite filing draft papers in October. The halt comes amid a strong IPO market, with India on track to raise billions in equity through public listings in late 2025.