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Mumbai: Raising USD 2 billion (around ₹1.80 lakh crore) every year through IPOs has become a normal trend in India, according to the latest report by international investment banking giant JP Morgan. Abhinav Bharti, Head of Equity Markets at the firm, said on Tuesday that this level would remain the benchmark for annual IPO fundraising for the next few years.
He stated that the value of company offerings has already reached USD 2.1 billion (around ₹1.89 lakh crore) this year, matching last year’s level. The ₹10,000 crore IPO of ICICI Prudential is set to be completed this month. Several more large companies are expected to come out with their IPOs over the next 2–3 weeks. Therefore, JP Morgan estimates that by the end of 2025, the total value of IPOs could reach USD 2.3 billion (₹2.07 lakh crore). Abhinav Bharti further said:
1.About 20% of the companies coming out with IPOs belong to consumer technology and modern business sectors. In the next five years, this share may exceed 30%.
2.Nearly 20 high-value startups in the market are preparing to launch their IPOs soon.
3.4–5 companies are ready to raise more than USD 1 billion (₹9,000 crore) each through IPOs. Together, these companies may raise up to USD 8 billion from the market.
1.SEBI has approved IPO proposals of five companies, including Leap India (a supply chain asset pooling company) and Eldorado Agritech. Molbio Diagnostics, Foodlink F&B Holdings (a catering/food retail chain), and Technocraft Ventures (a wastewater treatment solutions company) are also on this list. Meanwhile, Inox Clean Energy and Sky Alloys and Power have withdrawn their IPO documents.
2.Steamhous India, which supplies steam and gas to industries, has submitted a revised draft to SEBI for its IPO. The company plans to raise ₹425 crore through the issue.
3.Citius Transnet Investment Trust has filed draft documents with SEBI seeking approval to raise up to ₹1,340 crore through its IPO.
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