Five companies, including OnEMI Technology Solutions (parent of Kissht), Indo MIM, Kusumgar, Alcobrew Distilleries India, and Aastha Spintex, have received approval from the Securities and Exchange Board of India (SEBI) to launch their Initial Public Offerings (IPOs). These companies collectively aim to raise over Rs 3,000 crore through a combination of fresh share issuance and offer-for-sale components. Funds raised will be used for various purposes including debt payment, business expansion, and general corporate needs.