Six Indian companies, notably HDB Financial Services and Vikram Solar, have secured regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with their initial public offerings (IPOs). The approvals, granted between May 27 and 30, 2025, mark a significant step for these firms to raise capital through public markets. HDB Financial Services plans to raise Rs 12,500 crore via a combination of fresh equity and promoter share sales, while Vikram Solar aims to generate Rs 1,500 crore through fresh issuance alongside an offer-for-sale component.