📷 Image Credits: The Economic Times
The anticipation of stable governance and consistent policies under PM Modi’s leadership has rekindled investor confidence in India’s primary market. With the return of the BJP-led NDA government for a third term, the market is gearing up for an IPO surge, as over two dozen companies are slated to go public in the next two months, collectively aiming to raise over Rs 30,000 crore. According to a report by The Economic Times, bankers have reported strong investor enthusiasm for new shares, even as broader equity indices hit fresh highs and many stocks trade at elevated valuations.
Upcoming IPOs in focus include Afcons Infrastructure, Emcure Pharmaceuticals, Allied Blenders and Distillers, Asirvad Microfinance, Stanley Lifestyles, Waaree Energies, Premier Energies, Shiva Pharmachem, Bansal Wire Industries, One MobiKwik Systems, and CJ Darcl Logistics, among others. Prime Database data shows that 18 companies have already received approval from Sebi to collectively raise over Rs 20,000 crore, with another 37 firms awaiting regulatory nod to raise more than Rs 50,000 crore through IPOs.
The trend kicked off with online travel platform Ixigo’s IPO, which was fully subscribed within hours of opening on Monday, with strong demand from retail investors. These upcoming IPOs are expected to see strong demand from all categories of investors, as the market is confident about policy continuity under the BJP-led NDA government. Analysts predict that public issues will see substantial subscription amidst the optimism surrounding Modi 3.0.
Key players like Allied Blenders and Distillers, Emcure Pharmaceuticals, Afcons Infrastructure, Ola Electric, Waaree Energies, and Premier Energies are gearing up for sizable IPO launches in the coming months, raising amounts ranging from Rs 1,500 crore to Rs 7,250 crore. The market has already witnessed 30 companies raising Rs 27,780 crore through IPOs in 2024, showcasing the strong interest and potential for growth in the country’s primary market. Stay tuned as India’s IPO season kicks off with a bang, attracting investors and companies looking to capitalize on the market optimism and policy continuity.
