Contract manufacturing platform Zetwerk and defence imaging specialist Tonbo Imaging have received final approval from the Securities and Exchange Board of India (Sebi) to launch their initial public offerings.
The regulator’s nod clears the path for both companies to proceed with their public listings, subject to standard market conditions and investor demand.
Zetwerk has an 18-month window to execute its listing, while Tonbo Imaging faces a tighter deadline, required to go public within the next 12 months.
The approvals signal continued regulatory support for corporate fundraising in India, even as market conditions fluctuate.
The developments add to a busy period for Indian capital markets.
Sebi recently cleared the way for Manipal Health Enterprises and RentoMojo to list, alongside approvals for city gas distributor Torrent Gas, consumer electronics retailer Sathya Agencies, and transformer manufacturer Rane (Madras) Brake.