India IPO Market Revival: 17 Issues Worth ₹36,000 Cr

India’s primary market is set for a major comeback, with **17** mainboard issues aiming to raise approximately **₹36,000 crore** over the next four to five weeks. This marks a sharp revival after a subdued first half for the market.

Upcoming Market Debuts

The immediate fundraising calendar is led by several prominent names across various sectors. Hospital chain Manipal Health Enterprises, quick commerce unicorn Zepto, and renewable energy firm Juniper Green Energy are among those preparing to debut.

• Manipal Health Enterprises will open its IPO on **July 30**.
• Railway electrification equipment maker MV Electrosystems also launches its IPO on **July 30**.
• Juniper Green Energy plans its IPO during the same period.

Beyond these immediate launches, several high-profile companies have filed their papers. Logistics platform Shiprocket and dairy products manufacturer Milky Mist are among those preparing for public issues.

Key Company Filings

• Zepto: Up to **₹8,010 crore**
• Shiprocket: **₹2,342.35 crore**
• Innovatiview India: **₹2,000 crore**
• Milky Mist Dairy Food: **₹1,553 crore**
• Truhome Finance: **₹3,000 crore**
• Elevate Campuses: **₹2,550 crore**

Manipal Health Enterprises’ IPO aims for a total of **₹9,275.22 crore**, comprising a fresh issue of ₹8,000 crore and an offer for sale (OFS) of ₹1,275.22 crore, with a price band of **₹560-590** per share. MV Electrosystems plans to raise **₹290 crore**, while Juniper Green Energy targets **₹1,800 crore**.

Market Performance Context

This heavy issuance pipeline follows a slow first half of 2026, where only 27 companies collectively raised **₹22,572 crore** through mainboard IPOs. Investor enthusiasm also cooled, with average listing-day returns slipping to just **1.3%** during that period.

Despite the temporary slowdown, India’s IPO market maintains a strong longer-term outlook. Nearly **₹5 lakh crore** worth of IPOs are currently in various stages of the process, indicating sustained activity.