In a significant development for the Indian financial market, more than six companies, including industry giants like Hyundai Motor India, Swiggy, and NTPC Green Energy, are poised to launch initial public offerings (IPOs) aiming to raise around ₹60,000 crore during October and November. This information, as reported by merchant banking sources, underscores a vibrant period for investors looking for fresh opportunities.
Beyond these three prominent players, other companies such as Afcons Infrastructure, Wari Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are also eyeing the IPO route during this period. Collectively, these entities could contribute significantly to the expected capital influx of up to ₹60,000 crore.
According to a senior official from Equirus, the market can anticipate more than 30 IPOs scheduled between the end of September and December. These offerings will vary widely in terms of sector and size, incorporating both new shares and an offer for sale (OFS). Notably, Hyundai Motor India Limited, the Indian arm of South Korea’s Hyundai Motor Company, is set to raise a staggering ₹25,000 crore through its IPO, which could potentially become the largest in the country’s history, surpassing the previous record of ₹21,000 crore established by the Life Insurance Corporation of India (LIC).
Swiggy, the leading food delivery platform, aims to raise ₹10,414 crore through a combination of new share issuance and OFS. In addition, NTPC Green Energy, a subsidiary of the public sector NTPC, is planning to launch its ₹10,000 crore IPO in the first week of November, adding further momentum to this IPO wave.
As the countdown to these IPOs begins, market watchers are keenly anticipating how these offerings will shape the investment landscape and what they will mean for both companies and investors in the coming months.
