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By Kirti Srinivasan , 24 December 2025
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SEBI Clears IPO Path for Dhariwal, ESDS and BLS, Signaling Strong Primary Market Momentum

India’s primary market gathered fresh momentum after the Securities and Exchange Board of India granted approval to three companies—Dhariwal, ESDS Software Solution and BLS—for their proposed initial public offerings. The regulatory clearance underscores sustained confidence in India’s capital-raising environment amid steady economic growth and healthy investor participation. The companies span diverse sectors, reflecting the broad-based nature of the current IPO pipeline.

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