Indian IPO Market Surges: ₹1.13 Lakh Crore Pipeline After Record October
The Indian IPO market is experiencing significant growth, with over 80 companies planning to raise approximately ₹1.13 lakh crore in the coming months. October 2023 set a new record with ₹46,000 crore raised. Notable upcoming IPOs include Pine Labs (₹6,180 crore), Dorf-Ketal Chemicals and Credila Financial Services (₹5,000 crore each). Larger issues awaiting regulatory clearance include PhonePe (₹11,000 crore) and Avaada Electro (₹10,000 crore). Investors are focusing on profitability, cash-flow visibility, and corporate governance. The market has already raised ₹1.29 lakh crore in 2023, potentially making it one of the busiest years for IPOs.
*this image is generated using AI for illustrative purposes only.
The Indian primary market is witnessing a remarkable surge in activity, with a robust pipeline of Initial Public Offerings (IPOs) following a record-breaking month. This article delves into the current state of the IPO market and highlights key upcoming offerings.
Record-Breaking October
October 2023 set a new benchmark for the Indian IPO market, with companies raising an impressive ₹46,000 crore. This record-breaking performance has set the stage for continued momentum in the primary market.
Upcoming IPO Pipeline
The IPO market shows no signs of slowing down, with over 80 companies planning to go public in the coming months. These offerings are expected to collectively raise approximately ₹1.13 lakh crore, indicating strong investor interest and market confidence.
Notable Upcoming IPOs
| Company Name | Expected IPO Size (in ₹ crore) |
|---|---|
| Pine Labs | 6,180.00 |
| Dorf-Ketal Chemicals | 5,000.00 |
| Credila Financial Services | 5,000.00 |
| SMPP | 4,000.00 |
| PhysicsWallah | 4,000.00 |
| Groww | 2,500.00* |
| Lenskart | 2,500.00* |
*Estimated individual amounts for Groww and Lenskart, based on the combined total of ₹5,000 crore
Larger Issues Awaiting Regulatory Clearance
Several high-profile companies are in the queue for regulatory approval, promising significant fundraising potential:
| Company Name | Expected IPO Size (in ₹ crore) |
|---|---|
| PhonePe | 11,000.00 |
| Avaada Electro | 10,000.00 |
| ICICI Prudential AMC | 10,000.00 |
| Meesho | 8,500.00 |
Market Sentiment and Investor Focus
While the IPO market remains buoyant, investors are becoming more discerning in their approach. Key factors influencing investment decisions include:
- Profitability
- Cash-flow visibility
- Corporate governance
This selective approach indicates a maturing market where quality offerings are likely to attract more attention.
Year-to-Date Performance
The Indian primary market has already raised ₹1.29 lakh crore in 2023, positioning it as potentially one of the busiest years on record for IPOs. This strong performance was bolstered by notable issues such as:
- Hyundai Motor India (₹25,000 crore)
- NSDL
- Waaree Energies
- FirstCry
Conclusion
The Indian IPO market's robust pipeline and recent performance underscore the strong appetite for new listings among both companies and investors. As the market continues to evolve, the focus on quality offerings and investor selectivity is likely to shape the success of upcoming IPOs. With a diverse range of sectors represented in the pipeline, the remainder of the year promises to be an exciting period for the Indian primary market.
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