Integris Medtech, Anjali Labtech, APPL Containers, Alpine Texworld IPOs get approval from SEBI

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• SEBI issues observations on draft papers of Integris Medtech on February 13, Anjali Labtech on February 17
• Observations issued by SEBI on draft document of APPL Containers, and Alpine Texworld on February 20

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Integris Medtech, APPL Containers, and Alpine Texworld have received the go-ahead from the Securities and Exchange Board of India (SEBI) this week to launch their IPOs. The capital markets regulator also cleared the IPO papers of Anjali Labtech, which had filed its preliminary papers via the confidential route in October 2025.

The market regulator issued its observations on the draft papers of Integris Medtech on February 13 and Anjali Labtech on February 17, while observations on the draft documents of APPL Containers and Alpine Texworld were issued on February 20.

The issuance of observations on the Draft Red Herring Prospectus (DRHP) by SEBI means that the company is permitted to go ahead and launch its initial public offering (IPO) for subscription within the next one year. However, a company that files its draft document through the confidential route gets an 18-month period to float its IPO.

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Everstone Capital-backed medical technology platform Integris Medtech filed draft papers with SEBI in October 2025 to raise funds through an IPO. The company has proposed to raise Rs 925 crore by issuing fresh shares, while promoters will offload 2.16 crore equity shares through an offer-for-sale (OFS).

The company may also consider raising up to Rs 185 crore in a pre-IPO round, which will be part of its fresh issue component. The proceeds from the fresh issue will be utilised primarily to reduce the debt burden by Rs 696.3 crore, with the remaining amount allocated for general corporate purposes.

Surat-based lab-grown diamonds manufacturer Anjali Labtech approached the capital markets in October 2025 by confidentially filing draft papers with SEBI.

APPL Containers, a Gujarat-based container manufacturer, filed IPO papers with the capital markets regulator in September 2025. Its maiden public issue is a combination of a fresh issue of 12.5 lakh shares and an offer-for-sale of 25.6 lakh shares by promoters.

The proceeds from the fresh issue are proposed to be utilised for working capital requirements, debt repayment, and general corporate purposes.

Ahmedabad-based textile company Alpine Texworld, which filed preliminary papers in September 2025, has proposed to raise funds by issuing 1.5 crore fresh shares, with no offer-for-sale component.

The main objective of approaching the capital markets for fundraising is to set up a new weaving unit (proposed manufacturing unit 3) to expand grey fabric production at a cost of Rs 32 crore. Additionally, Rs 52.2 crore will be utilised for repaying certain debt, and the remaining funds will be used for general corporate purposes.