New Delhi, Oct. 28 -- A total of five companies, including Milky Mist Dairy Food, a producer of dairy goods, Curefoods India, which operates cloud kitchens, Steamhouse India, a provider of industrial steam and gas, Gaja Alternative Asset Management Ltd, functioning under the name Gaja Capital, and Kanodia Cement, a manufacturer of cement, have received approval from the Securities and Exchange Board of India (SEBI) to raise capital through initial public offerings (IPOs), as indicated by an update from the market regulator on Monday.

The five firms submitted their initial IPO documents to SEBI between May and July and received feedback during the period from October 14 to 24, according to the update.

SEBI has placed its observations for...