Bonbloc Technologies, Milestone Gears, and Eastman Auto & Power Receive SEBI Approval for Upcoming IPOs

Indian Capital Markets Regulator Approves Three Companies for Public Offerings

SEBI, India's capital markets regulator, has granted approval to Bonbloc Technologies, Milestone Gears, and Eastman Auto to raise funds through public offerings. This move is expected to expand the size of the Indian stock market.

Following SEBI approval, the companies will release their Red Herring Prospectuses (RHPs), which will contain detailed information about the issue size, issue price, lot details, reservation quota, allotment date, and listing date. The SEBI approval is valid for 12 months.

Bonbloc Technologies is an artificial intelligence-native enterprise technology firm, offering next-generation AI-powered SaaS solutions and AI-powered Internet of Things (IoT) products. The company plans to raise ₹230 crore through an initial public offering (IPO), consisting of a fresh issue and an offer for sale.

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Milestone Gears is a manufacturer of high-precision, complex engineered transmission components, supplying products to Indian and global original equipment manufacturer (OEM) customers. The company is looking to raise ₹1,100 crore through its IPO, a combination of a fresh issue and an offer for sale.

Eastman Auto & Power is an Indian energy solutions and power electronics company, part of the JRS Eastman Group. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI on December 9, 2025, with plans to raise funds through an IPO.

Key Dates:

• Bonbloc Technologies: Filed DRHP on September 28, 2025
• Milestone Gears: Filed DRHP on November 18, 2025
• Eastman Auto & Power: Filed DRHP on December 9, 2025
• SEBI approval valid for 12 months

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