Mumbai, August 30: India’s primary market is heading into an exceptionally busy period, with more than 25 IPOs expected to be part of the September pipeline and companies potentially raising as much as ₹70,000 crore.
The potential blockbuster is Jio Platforms, whose proposed issue could raise around ₹37,700 crore. Another major offering that investors are watching is the proposed IPO of the National Stock Exchange (NSE).
The activity follows strong momentum in India’s IPO market during July and August. Strong domestic liquidity, improving listing performance and a large pipeline of companies waiting to access the market have encouraged businesses to move forward with public offerings.
For the coming week alone, three mainboard companies are scheduled to open their IPOs, targeting a combined ₹1,264.72 crore, while eight companies are lined up for stock-market listings.
The increased primary-market activity indicates that companies continue to view India’s equity markets as an attractive source of capital despite periodic volatility in the secondary market.
Why it matters:
A record IPO month would deepen India’s capital markets, give companies access to fresh funding and provide retail and institutional investors with a large number of new investment opportunities.