The Indian stock market is buzzing with excitement as three companies—Aequs, Bharat Coking Coal, and Canara HSBC Life Insurance—have received the green light from SEBI to launch their Initial Public Offerings (IPOs). Let’s take a closer look at these companies, what they do, and how much money they plan to raise.
Aequs: Aerospace Manufacturing Leader
Aequs, a Bengaluru-based company, specializes in making aero-engine and aero-structure components for aerospace clients. On September 18, 2025, SEBI approved Aequs’ confidential Draft Red Herring Prospectus (DRHP), giving it the go-ahead for its IPO.
The confidential filing allows Aequs to keep sensitive business details private until it’s ready to go public. This gives the company flexibility to adjust its plans based on market conditions. Reports suggest Aequs aims to raise around $200 million (approximately ₹1,670 crore) through its IPO, which will include fresh shares and an Offer for Sale (OFS) by existing shareholders.
Bharat Coking Coal: A Coal India Subsidiary
Bharat Coking Coal, a fully-owned subsidiary of the government-run Coal India, also got SEBI’s nod for its IPO on September 19, 2025. The company filed its DRHP on May 30, 2025. Unlike Aequs, Bharat Coking Coal’s IPO will not issue new shares. Instead, Coal India will sell 46.57 crore shares through an Offer for Sale. This move is expected to help the government raise significant funds while maintaining its control over the company.
Canara HSBC Life Insurance: A Banking and Insurance Giant
Canara HSBC Life Insurance, a subsidiary of Canara Bank, received SEBI approval on September 15, 2025, after filing its DRHP on April 28, 2025. The IPO will involve an Offer for Sale of 23.75 crore equity shares, with no new shares being issued. The company’s promoters, Canara Bank (51% stake) and HSBC Insurance (Asia-Pacific) Holdings (26% stake), along with Punjab National Bank (23% stake), will offload part of their shares. This IPO is expected to attract significant investor interest due to the company’s strong banking and insurance backing.
What’s Next for These IPOs?
With SEBI’s approval, all three companies have one year to file their Red Herring Prospectus (RHP) with the Registrar of Companies and launch their IPOs. For Aequs, which used the confidential DRHP route, the next step is filing an updated DRHP before proceeding with the RHP.
These IPOs are set to bring fresh opportunities for investors in India’s vibrant stock market. However, investing in IPOs comes with risks, and it’s always wise to consult a financial expert before making any investment decisions.
Disclaimer: The information provided here is for informational purposes only. Investing in the stock market involves risks. Always seek advice from a financial expert before investing. Moneycontrol does not recommend or endorse any specific investments.
