The Securities and Exchange Board of India (SEBI) has granted approval for three companies—Belstar Microfinance, SK Finance, and Transrail Lighting—to proceed with their initial public offerings (IPOs). Belstar Microfinance aims to raise ₹1,300 crore through a fresh issue of ₹1,000 crore and an offer-for-sale of ₹300 crore, with major shareholders including MAJ Invest and Arum Holdings participating in the OFS. SK Finance's IPO is the largest among the trio, featuring a fresh issue of ₹500 crore and an OFS of up to ₹1,700 crore from prominent investors such as Norwest Venture Partners and TPG Growth. Transrail Lighting plans to issue ₹450 crore in a fresh offering supplemented by an OFS from promoter Ajanma Holdings. The approvals were formally issued on August 30, allowing these companies to launch their IPOs within the next year. This development marks a significant step for the firms as they seek to bolster their capital and support future growth initiatives.