Upcoming IPOs, June 4 -- The Securities and Exchange Board of India (SEBI) has recently given the green light to five firms for their initial public offerings (IPOs), indicating a strong pipeline in the Indian capital markets. These approvals cover a variety of industries, such as renewable energy, financial services, steel production, specialty chemicals, jewelry, and logistics.

Vikram Solar, a manufacturer of solar modules, is launching an IPO that consists of a fresh share issuance of up to Rs.1,500 crore and an offer for sale (OFS) of approximately 17.45 million equity shares from promoters and the promoter group.

The company intends to utilize the proceeds of Rs.793.36 crore for capital investments via its wholly-owned subsidiary, ...