Indian IPO Market Gears Up For $2.4 Billion Surge In July: Report

Geopolitical uncertainty, including the US trade war and tensions in regions such as Pakistan and the Middle East, had delayed several planned offerings

In 2024, India’s IPO market witnessed a record-breaking performance, raising $20.5 billion, second only to the United States

Source : ABPLIVE AI

Indian companies are preparing to raise approximately $2.4 billion through initial public offerings (IPOs) in July, according to a Reuters report citing investment bankers. This would make it the most active month in the primary market since December, following a solid $2 billion raised in June, largely driven by HDB Financial Services.

Among the companies gearing up for listings this month are education loan provider Credila Financial Services, stock depository major National Securities Depository Ltd (NSDL), security surveillance firm Aditya Infotech, and power-transmission equipment maker M&B Engineering. Bankers in the report confirmed that these firms are currently conducting investor roadshows.

IPO Momentum Returns After Global Disruptions

India’s IPO market is showing signs of renewed strength after facing headwinds earlier this year. Geopolitical uncertainty, including the US trade war and tensions in regions such as Pakistan and the Middle East, had delayed several planned offerings.

In 2024, India’s IPO market witnessed a record-breaking performance, raising $20.5 billion, second only to the United States. The momentum was driven by a surge in domestic investor participation, buoyed by confidence in India’s economic trajectory.

However, global turmoil earlier this year forced companies like LG Electronics India and others to postpone their IPO plans. But with the Sensex and Nifty 50 now trading close to their peak levels, within 3 per cent of their highs, market sentiment appears to be stabilizing.

"Most Of The Negatives Have Faded"

“The IPO market has come back... The absence of most of the negatives is driving the market more than anything else,” said Suraj Krishnaswamy, Managing Director of Investment Banking at Axis Capital, as per the report.

So far in 2025, India has maintained its position as the world’s second-largest IPO market, with $5.86 billion raised, contributing around 12 per cent of total global IPO proceeds, according to LSEG data.

Key Listings And Pipeline Ahead

Credila is expected to lead July’s listings, seeking to raise $584 million. NSDL, which received regulatory approval for its IPO last September, is aiming for a $400 million issue. While exact dates and valuations remain under wraps, bankers say announcements are likely soon.

Other anticipated offerings include LG Electronics India’s proposed $1.8 billion IPO, along with JSW Cement and defence manufacturer SMPP, each eyeing approximately $470 million. JSW Cement’s listing could arrive by late July or early August, though timelines for the others remain uncertain.