Sebi approves IPOs for Carlsberg India, TMC Transformers, Ujin Pharma, and Matangi Rubber

India's market regulator Sebi has approved initial public offerings for Carlsberg's India unit, TMC Transformers, Ujin Pharma, and Matangi Rubber. TMC Transformers plans to raise ₹550 crore through fresh equity shares to fund a new manufacturing facility. Ujin Pharma's offering will comprise both new share issuance and a promoter stake sale.

The approvals mark a significant moment for India's capital markets, with global brewing company Carlsberg joining other international firms in launching Indian IPOs. Matangi Rubber has also successfully completed Sebi's approval process for its public offering.