Explosive IPO Frenzy: Key Players Hyundai, Swiggy, and NTPC Green Energy Set for Major Raises
September's Busiest IPO Month Fuels Ongoing Frenzy
The Reserve Bank of India (RBI) has declared September the busiest IPO month in fourteen years. As we transition into October, excitement in the primary market remains palpable, with over half a dozen companies aiming to raise approximately ₹60,000 crore in the upcoming two months.
Prominent IPOs Expected
Some of the major names in the IPO space include Hyundai Motor India, Swiggy, and NTPC Green Energy, poised to hit Dalal Street in October and November. Additional companies like Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are also gearing up for their IPO launches.
Future Outlook
The IPO market is expected to remain dynamic, with projections indicating the launch of over 30 IPOs before the end of the year. According to Munish Aggarwal, Managing Director at Equirus, the upcoming listings will encompass a wide range of sectors and deal sizes.
Factors Contributing to the IPO Surge
- Positive Macroeconomic Indicators: Encouraging economic data is spurring investor confidence.
- Strong Inflows into Mutual Funds: Robust investments are bolstering the primary market.
- Corporate Capital Formation: Rising capital requirements are motivating companies to consider IPOs.
Highlights of Key IPOs
- Hyundai Motor India: Aiming for the largest ever IPO in India, targeting ₹25,000 crore through an offer-for-sale of shares.
- Swiggy: Online food aggregator plans to raise ₹10,414 crore, comprising a fresh issue of shares and offer for sale.
- NTPC Green Energy: Set to launch a ₹10,000 crore IPO in early November, featuring extensive promotional roadshows.
What Lies Ahead for the IPO Market in 2025?
Despite concerns about potential declines in interest following strong performances in 2024, the outlook for the Indian IPO market in 2025 remains positive. Current data shows 22 IPOs approved by Sebi, with firms anticipated to raise around ₹25,000 crore.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.