India's Securities and Exchange Board (SEBI) has granted final approval for initial public offerings from three companies: city gas distributor Torrent Gas, consumer electronics retailer Sathya Agencies, and transformer manufacturer Kanohar Electricals.
The regulatory clearance allows the firms to proceed with their planned listings on Indian stock exchanges.
Torrent Gas, a subsidiary of the Torrent Group, is among the most closely watched of the three due to its position in the expanding city gas distribution sector.
The approval follows a period of strong investor interest in India's energy infrastructure plays, particularly those benefiting from the government's push to expand piped natural gas networks.
Sathya Agencies, based in Chennai, plans to raise ₹600 crore through its offering, while Kanohar Electricals aims for ₹300 crore to fund expansion and debt repayment.
The simultaneous clearance of these diverse issuers highlights the depth of the current IPO pipeline in India.