The primary market saw significant regulatory action in the first week of September as the Securities and Exchange Board of India (SEBI) issued its latest update on draft offer documents. The highlight was the much-anticipated approval for the National Stock Exchange of India (NSE) IPO. The operator of the worlds largest derivatives exchange has now received regulatory clearance for what is expected to be a major public issue. Alongside NSE, companies in solar manufacturing, industrial engineering, and steel products also obtained their observation letters. This news reflects the SEBI IPO processing status as of September 4, 2026.
National Stock Exchange IPO Approval
The National Stock Exchange of India (NSE), a leader in India’s financial system and the worlds largest derivatives exchange by trading volume, has cleared a key regulatory step. Market participants widely awaited the NSE IPO approval. The public offering is expected to be a big event, attracting strong interest from both institutions and retail investors. NSE plans to list through an Offer for Sale (OFS) only, involving up to 14.89 crore equity shares. This represents a partial stake sale by current shareholders. Kotak Mahindra Capital Company is the lead manager for this offering. NSE filed its draft papers on June 18, 2026, and received SEBIs observation letter on September 4, 2026.
Cosmic PV Power IPO Approval
Cosmic PV Power Limited manufactures solar photovoltaic (PV) modules and provides engineering, procurement, and construction (EPC) services. The company is growing quickly in the renewable energy sector. With SEBIs approval, Cosmic PV Power plans to raise INR 640 crore. This includes a fresh issue worth INR 540 crore and an OFS of INR 100 crore. The funds from the fresh issue will go towards building a 1.1 GW greenfield solar manufacturing facility in Narmadapuram, Madhya Pradesh. Systematix Corporate Services Limited is the lead manager. The company filed its draft papers on April 2, 2026, and received the observation letter on September 2, 2026.
Monomark Engineering IPO Approval
Monomark Engineering (India) Limited, based in Chittorgarh, is an industrial services company. It specializes in Operations and Maintenance (O&M), metal fabrication solutions, and industrial project execution for sectors like metals, cement, and ports. Monomark Engineering plans a fresh issue of 2.70 crore equity shares only, with no Offer for Sale component. The capital raised will mainly fund incremental working capital requirements. Holani Consultants is serving as the lead manager for the IPO. The company submitted its draft papers on April 1, 2026, and received regulatory clearance on September 4, 2026.
RKB Global IPO Approval
RKB Global manufactures iron and steel products and has a growing presence in the mining sector. The company operates a main manufacturing facility in Wada, Maharashtra. RKB Global is moving ahead with its IPO plans after SEBIs approval. It aims to raise funds through a fresh issuance of 1.26 crore equity shares and an OFS of 20.20 lakh shares from existing promoters. The funds will be used for working capital, repaying loans, and buying machinery for both its current plant and its new mining business. Aryaman Financial Services Limited is the lead manager. The company filed its draft papers on March 20, 2026, and received its observation letter on August 31, 2026.
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