India’s IPO market is going to gain tremendous momentum this November. Many big companies in technology, renewable energy, healthcare and consumer sectors are preparing to launch public issues. Overall, these IPOs are expected to raise around ₹76,000 crore, making November one of the busiest months ever for India’s primary market.
Will start with a big issue
The IPO season will begin with Lenskart’s ₹7,200 crore issue, which will open from October 31 to November 4. After this, Groww’s ₹ 6,600 crore IPO will be launched in the first week of November. According to investment banking sources, ICICI Prudential AMC (₹10,000 crore), Pine Labs (₹6,100 crore), Cleanmax Enviro Energy (₹5,200 crore) and Juniper Green Energy (₹3,000 crore) are also preparing to launch IPO this month.
busiest quarter of the year
According to V. Jaishankar, MD of Kotak Mahindra Capital Company, the last quarter of the year is the most active for IPOs. During this period, there is both a festive atmosphere and positive sentiments in the market. This year too, IPOs worth about $20-21 billion (₹1.7 lakh crore) will be completed, more than half of which is expected to come in this quarter.
Mid-sized companies also in the field
Many medium scale companies are also preparing to launch IPO. These include the names of Park Medi World, NephroPlus, Vida Clinical Research, Innovative India, Casagrande Premier Builder, Fujiyama Power Systems, Pranav Constructions, Innovision Limited and KSH International. Apart from this, companies like Credila Financial Services, Physicswala, Wakefit, Excelsoft Technologies, Prestige Hospitality Ventures, Vidya Wires and Metalman Industries are also trying to take advantage of this growing enthusiasm.
Confidence increased due to rise in stock market
The strength of the stock market in recent times has also given companies the confidence to launch IPOs. Pranav Haldia, MD, Prime Database Group, said, there is a direct relationship between the secondary and primary markets. When the stock market goes up, the IPO market also gets excited. Sensex and Nifty have gained 5% so far in October and are just 1.5% away from their all-time high. According to Deep Shah, senior manager of Unistone Capital, companies want to take advantage of Nifty being around 26,000 and the positive mood of investors. FII investment decreases in December-January, hence everyone is preparing to launch IPO soon.
American rules are also the reason
Market experts say that the 135-day rule of US SEC is also a major reason for this boom in IPOs. If an Indian company wants to raise money from American investors, its financial report should not be older than 135 days. Gitanjali Kedia, Research Analyst, SP Tulsian Investment Advisor, said, companies whose audited reports are till June 30, 2025, have the last chance to launch this IPO.