SEBI approves IPOs of 7 companies including Shadowfax, Rayzon Solar and ARCIL

Core Insights - Seven companies, including Shadowfax Technologies and Rayzon Solar, have received SEBI's approval for IPOs, indicating a surge in primary market activity in India [1][2][3] Company Summaries - Shadowfax Technologies aims to raise ₹2,000-2,500 crore through a mix of fresh issue and offer-for-sale (OFS) [3] - Rayzon Solar plans to raise ₹1,500 crore entirely through a fresh issue to invest in a solar cell manufacturing facility and for general corporate purposes [6][7] - ARCIL will conduct an IPO entirely through an OFS of up to 10.54 crore equity shares, with no proceeds going to the company [4][6] - Safex Chemicals (India) Ltd is looking to raise ₹450 crore through a combination of fresh issue and OFS, with proceeds aimed at debt repayment and corporate purposes [8] - PNGS Reva Diamond Jewellery plans to raise ₹450 crore entirely through a fresh issue after separating from its parent company [10] - Sudeep Pharma Ltd intends to raise ₹95 crore through a mix of fresh issue and OFS, focusing on producing excipients for various industries [11] - Aggcon Equipments International Ltd aims to raise ₹332 crore through a fresh issue, with promoters also selling shares via OFS [9]