Six companies, including HDB Financial Services—a subsidiary of HDFC Bank—and Vikram Solar, have received approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs), according to an update from the markets regulator on Tuesday.The other companies that secured Sebi’s nod are A-One Steels India, Shanti Gold International, Dorf-Ketal Chemicals, and Shreeji Shipping Global Ltd.These firms had filed their draft red herring prospectuses (DRHPs) with Sebi between October 2024 and January 25, 2025. They received regulatory observations between May 27 and May 30, the update showed, as reported PTI.In Sebi terminology, receiving “observations” implies that the company has been granted permission to proceed with its public issue.HDB Financial Services’ IPO comprises a fresh issue of equity shares worth Rs 2,500 crore and an offer-for-sale (OFS) of shares worth Rs 10,000 crore by its promoter, HDFC Bank, as outlined in its DRHP.Currently, HDFC Bank owns 94.36 per cent of HDB Financial Services, which operates as a non-banking financial company (NBFC).The company plans to use the proceeds from the fresh issue to enhance its Tier-I capital base, which will help support future capital requirements, including additional lending to fuel business growth.Vikram Solar’s IPO will include a fresh issue of equity shares worth up to Rs 1,500 crore and an OFS of up to 17.45 million shares by the promoter and promoter group selling shareholders.Shares of all six companies are proposed to be listed on both the BSE and the NSE.