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Initial public offerings

India's IPO Market Sees Revival with Rs 2.35 Lakh Crore Fundraising on the Anvil

Strategic Insights

— 2 min read

The initial public offering (IPO) market in India is poised for a revival, with a pipeline of 140 firms awaiting approval to raise up to Rs 2.35 lakh crore. Market regulators have cleared six firms to raise a whopping Rs 20,000 crore, including HDB Financial, Dorf Ketal Chem, and Vikram Solar, providing a much-needed boost to the sector. Experts say the revival of the IPO market is driven by a pick-up in activity in May and the approval of big-name companies like HDB Financial, which could reignite investor interest.

Key Takeaways:

  • The IPO market in India is expected to see a significant revival, with 140 firms awaiting approval to raise up to Rs 2.35 lakh crore.
  • Six firms have been cleared by market regulators to raise a total of Rs 20,000 crore, including HDB Financial, Dorf Ketal Chem, and Vikram Solar.
  • Despite some big names listing at discounts, the revival of the IPO market is driven by a pick-up in activity in May and the approval of big-name companies like HDB Financial.
  • Market experts note that the success of a big company like National Stock Exchange (NSE) would attract more investors to the IPO market.
  • The IPO supply has played an important role in stabilizing the market and absorbing inflows from both domestic and foreign investors.
  • Despite the lukewarm performance in recent times, experts say that the market needs a catalyst like a big name company to do well for the virtuous cycle to begin.
  • The 72 firms cleared to raise Rs 1.4 lakh crore have received permission from the Securities and Exchange Board of India (SEBI).
  • Another 68 companies are awaiting Sebi's approval to raise up to Rs 95,000 crore.
  • Ather Energy listed at a 2.18% higher on listing, while Aegis Vopak Terminals and Schloss Bangalore listed at 6% discount and Scoda Tubes listed flat.

Statistics:

  • The IPO market in India has a pipeline of 140 firms awaiting approval to raise up to Rs 2.35 lakh crore.
  • Six firms have been cleared by market regulators to raise a total of Rs 20,000 crore.
  • HDB Financial is expected to raise up to Rs 12,500 crore and Dorf Ketal Chem up to Rs 5,000 crore.
  • Vikram Solar is expected to raise up to Rs 1,500 crore.
  • A total of 80 companies have received Sebi's approval to raise Rs 1.4 lakh crore.
  • Another 68 companies are awaiting Sebi's approval to raise up to Rs 95,000 crore.

Sources:

  • PRIME Database
  • Kotak Mutual Fund
  • Alphaniti Fintech
  • IE Online Media Services Pvt. Ltd. (2025)

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