After a brief lull, India’s primary market is gearing up for a flurry of activity, with eight initial public offerings (IPOs) slated to list during the festive Diwali week. This influx of new listings promises to inject fresh vitality into the market. The near-term IPO pipeline appears robust, with 26 companies poised to raise a staggering ₹72,000 crore, pending approval from the Securities and Exchange Board of India (SEBI).
The IPO market is expected to remain active in the coming weeks, with six companies from diverse sectors ready to launch their initial public offerings. NTPC Green Energy, Acme Solar, Mobikwik, Sagility India, Zinka Logistics, and Niva Bupa have received final clearance from SEBI and are gearing up to go public, with NTPC Green Energy awaiting final observation.
Waaree Energies, Deepak Builders & Engineers, Godavari Biorefineries, Premium Plast, United Heat Transfer, OBSC Perfection, Danish Power, and Usha Financial Services will list on the BSE, NSE, and NSE SME between October 28 and October 31. Waaree Energies’ IPO allotment was finalized on October 24, with listing scheduled for October 28 on the BSE and NSE.
Deepak Builders & Engineers’ IPO allotment was also finalized on October 24, with listing set for October 28 on the BSE and NSE. Godavari Biorefineries’ IPO allotment is expected on October 28, with listing anticipated on October 30 on the BSE and NSE. Premium Plast’s IPO allotment was finalized on October 24, with listing scheduled for October 28 on the NSE SME.
United Heat Transfer’s IPO allotment was finalized on October 25, with listing expected on October 29 on the NSE SME. OBSC Perfection’s IPO allotment was completed on October 25, with listing scheduled for October 29 on the NSE SME. Danish Power’s IPO allotment was also completed on October 25, with listing expected on October 29 on the NSE SME.
Usha Financial Services’ IPO allotment is expected on October 29, with listing provisionally set for October 31 on the NSE SME. The surge in IPO activity is expected to provide a much-needed boost to India’s primary market, offering investors a diverse range of investment opportunities across sectors.
The Indian IPO market has witnessed significant growth in recent years, driven by favorable market conditions, regulatory reforms, and increased investor appetite. As the market continues to evolve, investors will be watching closely for opportunities to participate in upcoming IPOs.
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