India’s primary market is entering a strong phase, with a large pipeline of companies preparing to tap investors and marquee offerings such as the National Stock Exchange (NSE) and Jio Platforms moving closer to their public-market debut.
Data from Prime Database showed that 158 companies have received Sebi approval to raise Rs 2,96,258 crore through initial public offerings (IPOs), while another 72 companies have filed draft papers to raise Rs 1,70,680 crore. Together, the two categories represent a potential IPO pipeline of Rs 4,66,938 crore, or around Rs 4.67 lakh crore.