Four IPOs seek INR 1,507 crore, with 82 per cent earmarked for the companies
Adroit Industries, German Green Steel, Orient Cables and Runwal Enterprises plan overlapping September offers. Their announced structures allocate about INR 1,243 crore to fresh capital, while selling shareholders account for roughly INR 264 crore before offer expenses.
Four companies are seeking up to approximately INR 1,507 crore through IPOs scheduled for September 23–29, with about 82 per cent structured as fresh capital rather than sales by existing shareholders.
The offer structures allocate INR 1,242.62 crore to the issuers before expenses and INR 263.99 crore to selling shareholders. However, fresh capital does not all fund expansion: the disclosed objects earmark approximately INR 512.32 crore for debt repayment, including borrowings of subsidiaries. That is about 41 per cent of the fresh-issue total.
Runwal's entirely fresh issue allocates INR 100 crore to its own borrowings and INR 225 crore to debt at two subsidiaries, according to its RHP. Its FY26 operating revenue rose 78.5 per cent to INR 1,798.95 crore, while net profit increased 233.8 per cent to INR 185.76 crore.
Orient has the largest selling-shareholder component, at INR 232 crore. Its filed figures show FY26 operating revenue of INR 1,171.65 crore, up 42.0 per cent, but profit attributable to owners increased just 0.9 per cent to INR 53.81 crore. It proposes INR 155.50 crore for debt repayment and INR 91.50 crore for equipment and civil works.
German Green Steel earmarks INR 226.33 crore for manufacturing expansion and a hybrid power project. Its FY26 revenue and profit grew 11.4 per cent and 33.3 per cent respectively.
Adroit Industries proposes INR 19.91 crore for capital expenditure at its own facilities, INR 43.96 crore for subsidiary capital expenditure and INR 24.12 crore for repayment of subsidiary borrowings. Its FY26 operating revenue rose 4.5 per cent to INR 139.94 crore, while net profit increased 44.2 per cent to INR 26.16 crore. Fresh capital accounts for 88 per cent of its INR 150.71 crore offer at the upper price band.
The offer documents leave final issue expenses and some residual allocations to be determined after pricing; the fresh-issue amounts are gross ceilings, not net cash available for deployment.
