India’s IPO pipeline heats up: ARCIL, Shadowfax, PNGS Reva & more—check full list
- Posted on October 23, 2025
- By Financial Express
- 4 Views
India’s IPO pipeline heats up: ARCIL, Shadowfax, PNGS Reva & more—check full list

The IPO pipeline is buzzing as SEBI clears eight new issues, including Avaada Electro, ARCIL, Shadowfax, Safex Chemicals, and Rayzon Solar.