Upcoming IPOs, May 6 -- Four companies have received approval from the Indian capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise money from the Indian stock market through an initial public offering (IPO).

As per Sebi's official circular released on May 2, 2025, the markets regulator has given the green light to Ajay Poly, Reggal Resources, Laxmi India Finance, and Jajoo Rashmi Refractories to raise funds from the public markets.

Delhi-based refrigeration sealing solutions firm, Ajay Poly, received its final observation from the Sebi. The company is looking to raise funds through a fresh issue and an offer for sale (OFS) component.

The company is offering a mix of fresh issue of equity shares of face...