New Delhi : Logistics service provider Shadowfax Technologies, Gujarat-based Rayzon Solar, ARCIL, and four other companies have received markets regulator Sebi's approval to raise funds through initial public offerings (IPOs), an update with the market regulator showed on Monday.

IPO DRHPs which received SEBI'S Approval (Nod) last week (Ended on 17th October)

▫️PNGS Reva Diamond Jewellery Ltd

(Full Fresh Issue: ₹450 Cr)

▫️Sudeep Pharma Ltd

(₹95 Cr + OFS: 1 Cr Shares)

▫️Rayzon Solar Ltd

(Full Fresh Issue: ₹1,500 Cr)

▫️Shadowfax… pic.twitter.com/U83fegnQgR — Paryan Sharma (@Paryan_Sharma) October 20, 2025

PNGS Reva Diamond Jewellery, Sudeep Pharma Ltd, speciality chemicals maker Safex Chemicals (India) Ltd, and infrastructure equipment rental firm Aggcon Equipments International

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