New Delhi: India’s primary market has actively witnessed a significant rebound in June, with a lineup of public issues hitting the market. As per stock exchange data, eight mainboard IPOs and 30 SME IPOs were launched during the month, collectively raising around Rs 19000 crore—with Rs 17,688 crore from mainboard issues, the highest in six months, and Rs 1,329 crore from SME offerings, a nine-month high for the segment.
Among the prominent mainboard IPOs were Schloss Bangalore, Aegis Vopak Terminals, and Oswal Pumps, with issue sizes of Rs 3,500 crore, Rs 2,800 crore, and Rs 1,387 crore, respectively.
The recovery in IPO frenzy comes after a sluggish start, which was witnessed at the start of the year, when IPO activity had slowed because of geopolitical tensions, tariff uncertainty, trade wars, and weak investor sentiment. Thereby, many companies with regulatory approvals chose to delay their listings in hopes of better market conditions.
However, improving macroeconomic indicators such as easing inflation figures and a revival in foreign institutional investor (FII) inflows have helped lift investor sentiment and confidence more recently.
While domestic institutional investors (DIIs) have remained supportive in both primary and secondary markets, analysts caution that persistent FII outflows continue to weigh on overall market sentiment.
July IPO Calendar
The buoyant sentiment is expected to continue into July, with a packed IPO calendar in the first half of the month. As many as 26 new issues will debut on the exchanges in the first two weeks alone, with bidding already open for a majority of them.
Seven IPOs—Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, AJC Jewel Manufacturers, Shri HareKrishna Sponge Iron, Icon Facilitators, and Abram Food—are scheduled to be listed on 1st July 2025.
One of the most anticipated offerings, HDB Financial Services, is expected to debut on July 2. The issue, which closed yesterday, i.e., 27th June, is being closely watched as it marks the largest market listing since Hyundai Motor India’s Rs 27,870 crore IPO.
Looking ahead, the IPO pipeline appears to be promising. Korean conglomerate LG Electronics India has received regulatory approval for a Rs15,000 crore offer-for-sale (OFS). Simultaneously, PhonePe, a leading digital payments company backed by Walmart, is reportedly preparing to file its draft red herring prospectus (DRHP) for an IPO.
As the primary market gains momentum due to lifted market sentiment and confidence, analysts suggest investors remain vigilant. They warn that while strong subscription numbers and debut gains are encouraging, any large IPO that underperforms on listing could quickly dampen overall market sentiment by drawing liquidity away from secondary markets.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)