SEBI Greenlights Cotec Healthcare and Deepa Jewellers IPOs, Paving the Way for Market Launch

The Indian primary market is poised for yet another thrilling wave of initial public offerings (IPOs) with the recent approvals granted by the Securities and Exchange Board of India (SEBI) to Cotec Healthcare and Deepa Jewellers. The green light for these companies, received on May 18, 2026, follows their submissions of Draft Red Herring Prospectuses (DRHPs) in 2025 and early 2026. Cotec Healthcare, a significant player in the contract development and manufacturing organization (CDMO) sector, is set to offer a fresh issue aggregating INR 295 crore and an Offer for Sale (OFS) of 60 lakh shares. Meanwhile, Deepa Jewellers plans to raise INR 250 crore through a mix of fresh issue and OFS of up to 1.18 crore shares, further indicating a budding trend in the Indian IPO landscape.

Investor sentiment in the grey market appears to be positive, reflecting optimism for both upcoming IPOs. Although specific grey market rates have not been formally stated in this report, the enthusiasm around these approvals suggests a potential premium on their debut. The involvement of established book running lead managers such as Pantomath Capital Advisors for Cotec Healthcare and Emkay Global for Deepa Jewellers lends additional credibility to these offerings, which could attract both institutional and retail investors seeking to diversify their portfolios through these new stocks.

For Indian investors, these listings may present compelling opportunities for growth in sectors that are witnessing increasing demand. Cotec Healthcare’s focus on off-patent products and generics aligns well with the expanding healthcare market, while Deepa Jewellers capitalizes on the enduring allure of gold in India’s cultural economy. Investors will need to weigh the potential for substantial returns against the inherent risks associated with the stock market. As always, conducting thorough research and understanding the underlying business models will be crucial for making informed investment decisions in this upbeat IPO environment.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)