Largest IPO Pipeline in 14 Years: 15 Companies Ready to Launch in September

As India's IPO market witnesses a surge, at least 15 companies are set to launch their Initial Public Offering (IPO) in September, marking the biggest IPO pipeline in the last 14 years, according to Zee Business research. This month, companies such as Afcons Infra, Bajaj Housing Finance, Niva Bupa Health Insurance, and others are expected to list, which could raise an estimated Rs 20,455 crore. The total value of these IPOs is higher than the combined value of IPOs launched in September last year and August this year.

Key Takeaways:

• 15 companies, including Afcons Infra, Bajaj Housing Finance, and Niva Bupa Health Insurance, are expected to launch their IPOs in September, making it the biggest IPO pipeline in 14 years.
• The estimated total value of these IPOs is Rs 20,455 crore, which is higher than the combined value of IPOs launched in September last year (Rs 11,893 crore) and August this year (Rs 17,110 crore).
• Of the 56 companies that have launched their IPOs in 2024, 43 are reported to have given profits upon listing.
• Three companies, SK Finance, Belstar Microfinance, and Transrail Lighting, have received approval for their Draft Red Herring Prospectus (DRHP) and are ready to launch their IPOs.
• The total number of IPOs launched in 2023 was 58, while 56 companies have launched their IPOs in 2024 so far.

Statistics:

• Total value of IPOs expected to be launched in September: Rs 20,455 crore
• Combined value of IPOs launched in September last year and August this year: Rs 28,903 crore
• Total number of IPOs launched in 2024: 56
• Number of companies that have given profits upon listing: 43
• Total value of IPOs launched in August this year: Rs 17,110 crore
• Total value of IPOs launched in February this year: Rs 7,489 crore

Sources:

• Zee Business
• Published by HT Digital Content Services with permission from India Blooms