India’s primary market is going to be vibrant again from the month of July. After the sluggishness of the last few months, now more than a dozen companies are preparing to launch their IPO. According to investment bankers, these companies together can enter the market with the target of raising around Rs 45,000 crore.
Due to strong market conditions, adequate liquidity with investors and stability in major stock indices, companies are rapidly pursuing their listing plans.
Big IPOs of SBI Funds, Manipal Health and Zepto
The biggest issue in the upcoming IPO in July could be that of SBI Funds Management, which is expected to raise Rs 12,000 to 13,000 crore. After this, Manipal Health Enterprises can raise about Rs 11,000 crore and quick-commerce company Zepto can raise about Rs 8,000 crore. The combined size of these three IPOs is around Rs 32,000 crore.
Apart from this, companies like Gaja Capital, Knack Packaging, Innovativeview, Rays of Belief Learnfluence Education, Veegaland Developers, Juniper Green, Karamtara Engineering, Augmont Enterprises, Integris Medtech, Laser Power and Elevate Campus are also preparing to enter the market. There is a possibility of raising additional Rs 10,000 to 12,000 crore from these.
There was a lull in May
The IPO market had performed well in the second half of 2025, but activity slowed down this year due to geopolitical uncertainties related to the Iran war and weak participation from foreign institutional investors (FIIs).
Till April, 18 IPOs were launched, but not a single new issue came in May. In June, six companies have entered the market with their IPOs.
Investors are now more cautious
Sonia Dasgupta, head of investment banking and CEO of JM Financial, says that investors are now investing more wisely and carefully than before. They are giving preference to companies with strong financial fundamentals, clear growth prospects and sustainable business models.
IPO market is getting many positive signs
Experts believe that reducing tensions in West Asia will reduce global uncertainties and increase investor confidence. At the same time, some regulatory changes made by SEBI have also made it easier for medium-sized companies to get listed in the stock market.
The pace will continue in future also
According to investment bankers, more than 200 companies are currently preparing to launch IPO. As of June 19, 173 companies had received SEBI approval to raise about Rs 2.7 lakh crore, while 64 other companies are awaiting approval.
These also include two very big potential IPOs—National Stock Exchange’s issue of about Rs 30,000 crore and Jio Platforms’ IPO of about Rs 37,700 crore. Experts believe that if market conditions remain favourable, India’s IPO market can create new records in the second half of the financial year 2026-27.
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