The Securities and Exchange Board of India (SEBI) has approved five companies to raise capital through initial public offerings (IPOs), signaling strong activity in the country’s capital markets. Tamil Nadu-based Milky Mist Dairy Food plans to raise ₹2,035 crore via a fresh equity issue and an offer-for-sale (OFS), with funds allocated to debt repayment, plant expansion, and new production facilities. Curefoods India, which operates cloud kitchens like CakeZone and Nomad Pizza, aims to raise ₹800 crore through fresh shares and an OFS, using the proceeds to expand cloud kitchens, acquire equipment, invest in subsidiaries, and repay debt. Steamhouse India, a provider of industrial steam and gas, and Gaja Alternative Asset Management (Gaja Capital), India’s first private equity firm seeking a public listing, have both filed confidentially, postponing full disclosure of IPO details. Kanodia Cement will raise funds entirely through an OFS of 1.49 crore shares from promoters and a private shareholder, with all proceeds going to the selling shareholders. Separately, SEBI has put its observations for Sterlite Electric’s IPO on hold. These approvals reflect growing investor interest and the drive of Indian companies across sectors to tap public markets for growth and expansion.