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]

Core Insights - The company DLI Logistics Ltd is undergoing a bidding process initiated by a one-time settlement (OTS) proposal from its promoter, offering ₹590 crore against an outstanding principal of ₹695 crore [1][6] - A consortium of lenders, including Punjab National Bank and Union Bank of India, is conducting a Swiss challenge auction on October 27, with a reserve price set at ₹590 crore and a minimum bid price of ₹619.50 crore [2][6] - Several asset reconstruction companies (ARCs) have expressed interest in the bidding process, which is expected to enhance transparency and potentially lead to higher recoveries for banks [6] Company Overview - DLI, previously known as Vikram Logistics & Maritime Services, operates as a multimodal integrated logistics service provider [3]