Sebi has given observation letters for five upcoming IPOs, signaling market entry soon. Premier Industrial Corporation will issue 2.79 crore equity shares, mixing a fresh issue of 2.25 crore and an offer for sale (OFS) of 54 lakh shares by promoters. Proceeds will fund new and expanded manufacturing facilities in Maharashtra, along with working capital and general purposes. Unistone Capital is the lead manager. Duroflex received Sebi’s nod for a fresh issue worth Rs 184 crore plus an OFS of 2.25 crore shares. It is a top mattress brand in India with a vast retail and digital presence. Virupaksha Organics plans an all-fresh issue worth Rs 740 crore. This pharmaceutical company is led by the Gangavaram family. Axis Capital and SBI Capital Markets manage the issue. Hexagon Nutrition will go public via a full OFS of over 3 crore shares by promoters. The firm develops nutrition and health products. Lead managers are Cumulative Capital and Catalyst Capital Partners. Om Power Transmission, a power infrastructure EPC company with 14 years' experience, also got Sebi clearance today for a mix of fresh issue and OFS. These IPOs promise fresh funds for expansion and general corporate use. Investors can watch for listing dates soon.