Upcoming IPOs: Indo-MIM, Kissht, Alcobrew Distilleries among 5 IPOs to receive go ahead from SEBI

Upcoming IPOs in 2026

• SEBI clears Indo-MIM, Kissht, Alcobrew Distilleries, Astha Spintex, Kusumgar IPOs
• Kissht IPO comprises Rs 1,000-crore fresh issue, OFS of 88.8 lakh shares
• Indo-MIM IPO consists of fresh issue of Rs 1,000 crore, OFS of 12.97 crore shares
• Alcobrew Distilleries IPO includes Rs 258.3 crore fresh issue, OFS of 1.8 crore shares

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Indo-MIM, Onemi Technology Solutions, and Alcobrew Distilleries India are among five companies that have received approval from the SEBI to go ahead with their IPO plans. The capital markets regulator also gave thumbs up to Astha Spintex, and Kusumgar IPOs.

The regulator, in its updates with respect to processing status of draft offer documents, on January 9 said it has issued observations on the draft papers of Astha Spintex today. The observations on Indo-MIM draft document were issued on December 29, Kusumgar on January 7, and both Onemi Technology Solutions and Alcobrew Distilleries India on January 8.

The issuance of observations on the draft document means the company is allowed to launch its Initial Public Offering (IPO) within the next one year.

Temasek Holdings-backed fintech firm Onemi Technology Solutions, operating under the brand Kissht, approached capital markets in August 2025 by filing preliminary papers in August to raise funds via an IPO to augment the capital base for its subsidiary Si Creva, a middle-layer NBFC.

The Mumbai-based company proposed to raise Rs 1,000 crore via issuance of fresh shares, while investors (including Vertex, VenturEast, and AION Advisory) will be offloading 88.8 lakh shares via offer-for-sale.

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Bengaluru-based Indo-MIM, the world’s largest player in metal injection molding (MIM), filed draft papers with SEBI in September 2025. The company is looking to raise Rs 1,000 crore by issuing new shares, along with an offer for sale (OFS) of up to 12.97 crore equity shares by existing investors.

Its fresh issue component comprised of pre-IPO placement amounting to Rs 200 crore.

Gurugram-based White & Blue and Golfer’s Shot whisky producer Alcobrew Distilleries India also approached the capital markets regulator with its IPO papers in September 2025.

The liquor producer intends to mobilise Rs 258.3 crore by issuing fresh shares (including pre-IPO placement worth Rs 51.65 crore), while promoter Romesh Pandita will be selling 1.8 crore shares via offer-for-sale route.

Astha Spintex, the Gujarat-based cotton yarns and bales maker, plans to raise Rs 160 crore via initial share sale. The IPO papers have been filed with the SEBI in September 2025. It is a pure fresh issue with no offer-for-sale component.

Kusumgar, the Mumbai-based engineered fabrics maker, also filed Draft Red Herring Prospectus with the regulator in same month. It has decided to tap capital markets to raise funds up to Rs 650-crore via IPO which comprises entirely an offer-for-sale by promoters, with no fresh issue component.