India IPO Rush: 12+ Companies Eye ₹25,000 Cr

More than 12 Indian companies are preparing to launch Initial Public Offerings (IPOs) collectively aiming to raise over ₹25,000 crore. This upcoming rush includes prominent names like Zepto and Shiprocket, signaling robust demand in the primary market.

Major Offerings on the Horizon

The planned offerings combine fresh equity issues and offers for sale. Several companies have outlined their target fundraising:

• Zepto: Up to ₹8,010 crore via a fresh issue and an offer for sale of up to 11.34 crore.
• Truhome Finance: ₹3,000 crore, split equally between a fresh issue and an offer for sale.
• Elevate Campuses: ₹2,550 crore through a fresh issue.
• Shiprocket: ₹2,342.35 crore, comprising a fresh issue and an offer for sale.
• Innovatiview India: Targeting ₹2,000 crore via an Offer For Sale (OFS).
• Milky Mist Dairy Food: Proposing a ₹1,553-crore issue.

Additional Market Entrants

Beyond the larger issues, several other firms are also slated for IPOs, indicating broad market activity.

• Dhoot Transmission
• ARCIL
• Ardee Industries
• Gaja Alternative Asset Management
• Rays of Belief
• Hy-Tech Engineers
• Shankesh Jewellers
• Learnfluence Education

Shifting Market Dynamics

Merchant bankers have observed an improved market sentiment, encouraging companies that previously deferred listings to re-enter. Bhavesh Shah, MD & Head-Investment Banking at Equirus Capital, noted stabilizing markets and enhanced investor confidence are driving these plans.

India’s primary market has already recorded 36 IPOs in 2026, with nine launched this month. More listings, including Manipal Health Enterprises and Juniper Green Energy, are scheduled for late July.

Investment bankers maintain an optimistic long-term outlook for India’s IPO ecosystem. Shah anticipates India will raise approximately USD 20 billion through IPOs this calendar year, highlighting investor preference for well-priced offerings.