Sunil Gold India Files DRHP; SEBI Clears 3 IPOs Including Eastman Auto

The Indian stock market is seeing fresh action in the IPO space as several companies take steps toward going public. Recently, Sunil Gold India Ltd filed its draft offer document (DRHP) with market regulator SEBI to raise funds through an initial public offering. The plan includes a mix of new shares and a small sale of existing shares by promoters to support working capital and general corporate needs.

At the same time, SEBI has granted approval for IPOs of three companies — Eastman Auto and Power, Milestone Gears, and Bonbloc Technologies — signaling growth in the primary market.

• Eastman Auto and Power has filed IPO papers confidentially and is expected to issue fresh shares along with an offer for sale.
• Milestone Gears aims to raise around ₹1,100 crore with both new shares and existing share sales.
• Bonbloc Technologies plans a combined fresh issue and sale by promoters, with funds likely used to grow its tech products and business.

These developments show that the market is gearing up for new investment opportunities, with several IPOs in the pipeline for interested retail and institutional investors.