{"id":22877,"date":"2023-08-17T05:45:19","date_gmt":"2023-08-17T05:45:19","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=22877"},"modified":"2025-11-10T13:31:19","modified_gmt":"2025-11-10T08:01:19","slug":"10-7-billion-surge-in-ipo-activity","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/10-7-billion-surge-in-ipo-activity\/","title":{"rendered":"$10.7 Billion Surge in IPO Expected for H2 FY24"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<h2 class=\"wp-block-heading\"><strong>Introduction<\/strong><\/h2>\n\n\n\n<p>In a promising turn of events, the primary market is gearing up for a surge in <a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a> as a slew of 71 companies prepares to launch their Initial Public Offerings (IPOs) during the second half of the fiscal year 2024. This wave of IPO activity signals a revival for the IPO market after a period of relative sluggishness.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"71 Companies To Launch IPOs in FY24 | Latest IPOs | Upcoming IPOs\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/C7EUM3IYNN0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Following the tumultuous wake of the pandemic, the primary market embarked on an impressive journey (see chart below) by amassing a staggering sum of 1.19 lakh crore in 2021, setting a new record. However, the subsequent years witnessed a temporary lull in <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"246\">IPO<\/a> momentum. With a surge in IPOs, 71 companies are set to grace the <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"249\">IPO<\/a> stage during the latter half of FY24. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"809\" height=\"361\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-60.png\" alt=\"\" class=\"wp-image-22878\" style=\"width:597px;height:267px\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-60.png 809w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-60-300x134.png 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-60-768x343.png 768w\" sizes=\"(max-width: 809px) 100vw, 809px\" \/><figcaption class=\"wp-element-caption\">Source: Chittorgarh<\/figcaption><\/figure>\n\n\n\n<p>According to data from Prime Database (see chart below), these 71 companies have the potential to collectively raise an impressive $10.7 billion, equivalent to Rs 89,069 crores, by offering shares to the public and subsequently listing them on the exchange through IPOs.<\/p>\n\n\n\n<p class=\"has-light-gray-color has-secondary-background-color has-text-color has-background has-link-color wp-elements-68ebeae91898824e2c0f55c56196c7d4\"><strong>Know more about<\/strong><br><a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPOs<\/a><a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPOs <\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a>s | <a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Closed IPOs<\/a> | <a data-wpil=\"url\" href=\"https:\/\/www.equentis.com\/ipos\/ipo-performers\">IPO Performers<\/a><\/p>\n\n\n\n<p><strong>Approval Status and Projections<\/strong><\/p>\n\n\n\n<p>Among the cohort of companies, 41 have successfully secured approval from the <a href=\"https:\/\/www.equentis.com\/blog\/what-does-sebi-mean-for-indian-investors\/\">Securities and Exchange Board of India<\/a> (<a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>). At the same time, 30 firms have submitted their Draft Red Herring Prospectuses (DRHP) and await approval. This surge in IPOs paints a promising picture for investors and companies eyeing the public markets. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img decoding=\"async\" width=\"705\" height=\"545\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-61.png\" alt=\"\" class=\"wp-image-22885\" style=\"width:553px;height:427px\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-61.png 705w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-61-300x232.png 300w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><figcaption class=\"wp-element-caption\">Source: Mint<\/figcaption><\/figure>\n\n\n\n<p><strong>Key Takeaways<\/strong><\/p>\n\n\n\n<p>The recent surge in the <a href=\"https:\/\/www.equentis.com\/blog\/what-is-sensex-the-complete-guide\/\">Sensex<\/a> and <a href=\"https:\/\/www.equentis.com\/blog\/understanding-nifty-your-key-to-the-indian-stock-market\/\">Nifty<\/a>, reaching unprecedented all-time highs fueled by Foreign Institutional Investor (FII) <a href=\"http:\/\/Read more:  How Long-term investing helps create life-changing wealth \u2013 TOI.\">investments<\/a>, has significantly bolstered confidence in the market. This surge in optimism within the secondary markets has paved the way for a surge in IPOs as many new enterprises seek to list on the stock exchanges.<\/p>\n\n\n\n<p>Prominent players poised to enter the secondary market include Tata Technologies, Ebix Cash, Navi Technologies, and NSDL. These impending listings are anticipated to garner substantial attention and interest among discerning investors.<\/p>\n\n\n\n<p>Despite <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">global<\/a> economic headwinds, the Indian <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"250\">IPO<\/a> market showcases impressive resilience and an air of positivity. This tenacity underscores the nation&#8217;s robust economy and enduring investor confidence, even in international challenges.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1692246555560\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is the current state of the IPO market in India?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The IPO market in India is on the brink of a revival, with 71 companies gearing up to launch their Initial Public Offerings during the second half of FY24.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692246576132\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How did the primary market perform after the pandemic?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Following the pandemic, the primary market experienced a remarkable upswing, amassing a record-breaking 1.19 lakh crore in 2021.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692246592109\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is the potential fundraising projection for the upcoming IPOs?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Data from Prime Database suggests that the 71 companies planning IPOs in H2 FY24 could collectively raise as much as $10.7 billion or Rs 89,069 crores.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692246611877\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Which prominent companies are expected to enter the secondary market?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Big names like Tata Technologies, Ebix Cash, Navi Technologies, and NSDL are among the notable companies poised to make their presence felt in the secondary market.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692246626908\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How has investor sentiment been influenced recently?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A surge in the Sensex and Nifty, driven by Foreign Institutional Investor (FII) <a href=\"https:\/\/www.equentis.com\/blog\/mukul-agrawal-portfolio-shareholdings-investments-all-you-need-to-know\/\">investments<\/a>, has contributed to renewed investor confidence and optimism in the market<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692246647939\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">I<strong>s the Indian IPO market resilient despite global challenges?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Despite global economic headwinds, the Indian IPO market remains robust and exudes a sense of positivity, highlighting the nation&#8217;s enduring economic strength and investor faith.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading has-text-align-center has-white-color has-midnight-gradient-background has-text-color has-background has-medium-font-size\"><strong>Understanding the Increase in Inflation: Unpacking the Recent Data<\/strong><\/h2>\n\n\n\n<p><strong>Introduction<\/strong><\/p>\n\n\n\n<p>The latest <a href=\"https:\/\/www.equentis.com\/blog\/10-common-effects-of-inflation-on-the-economy\/\">inflation<\/a> figures, unveiled on Monday evening, have sent shockwaves through the economic landscape, drawing the attention of experts, decision-makers, and even political figures. The Consumer Price Index (CPI) inflation, a crucial gauge of retail inflation within the nation, has taken an unexpected leap, soaring to a staggering 7.44% in July 2023. This surge marks a peak not witnessed in the last 15 months, far exceeding the market&#8217;s initial estimates that ranged from 6.6% to 6.7%.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img decoding=\"async\" width=\"975\" height=\"522\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-63.png\" alt=\"\" class=\"wp-image-22900\" style=\"width:596px;height:319px\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-63.png 975w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-63-300x161.png 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-63-768x411.png 768w\" sizes=\"(max-width: 975px) 100vw, 975px\" \/><figcaption class=\"wp-element-caption\">Source: Government Data<\/figcaption><\/figure>\n\n\n\n<p><strong>Unmasking the Culprit: Food Prices Take Center Stage<\/strong><\/p>\n\n\n\n<p>At the heart of this significant escalation lies the food price component, driven primarily by skyrocketing vegetable prices. The Consumer Food Price Index has surged by a noteworthy 696 basis points, propelling the index to an alarming 11.51% in July, a stark contrast to the 4.55% reported just a month prior in June. Delving deeper, it becomes apparent that cereals, constituting nearly 10% of the CPI, have undergone an astonishing 13% price hike since July 2022, nearly doubling the monthly pace of increase to 1.2%.<\/p>\n\n\n\n<p><strong>Vegetables: The Star of the Inflation Show<\/strong><\/p>\n\n\n\n<p>Among these food items, vegetables have emerged as the true outlier. With a staggering 37.3% year-on-year price surge and an equally remarkable 38.1% month-on-month spike in July, they have stolen the limelight. This surge in vegetable prices has become a focal point of concern, contributing significantly to the overall inflation surge. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"988\" height=\"583\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-64.png\" alt=\"\" class=\"wp-image-22903\" style=\"width:656px;height:387px\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-64.png 988w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-64-300x177.png 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/08\/image-64-768x453.png 768w\" sizes=\"(max-width: 988px) 100vw, 988px\" \/><figcaption class=\"wp-element-caption\">Source: Government Data<\/figcaption><\/figure>\n\n\n\n<p><strong>Finding Solace in Core CPI<\/strong><\/p>\n\n\n\n<p>Offering a glimmer of hope amidst these soaring prices, the core CPI, which excludes food and beverages, fuel and light, and petrol and diesel prices, has shown some respite. It has eased to a 21-month low of 5.1% in July 2023, providing a counterbalance to the overwhelming inflationary pressures.<\/p>\n\n\n\n<p><strong>Crucial Factors for the Road Ahead<\/strong><\/p>\n\n\n\n<p>Looking forward, one pivotal factor will be the progress of the monsoon. Uneven distribution of rainfall could potentially spell trouble for the sowing of Kharif crops, exacerbating the existing problem of food inflation. This makes monitoring the monsoon&#8217;s trajectory of paramount importance for economic stability.<\/p>\n\n\n\n<p><strong>The Role of RBI and Monetary Policy<\/strong><\/p>\n\n\n\n<p>Earlier this month, the <a href=\"https:\/\/www.equentis.com\/blog\/rbi-maintains-repo-rate\/\">Reserve Bank of India<\/a> (RBI) made a significant move by opting to maintain the repo rate at a steady 6.50%. The <a href=\"https:\/\/www.equentis.com\/blog\/why-startup-investments-are-booming-a-startup-investors-guide\/\">central bank<\/a> attributed the surge in vegetable prices to a disconnect between supply and demand dynamics. <\/p>\n\n\n\n<p>It&#8217;s important to note that while the RBI&#8217;s power to influence food supply management is limited, the easing of core inflation to 5.1% was emphasized by the Monetary Policy Committee (MPC). This underscores the need for vigilance and preparedness to take appropriate measures to address the prevailing inflationary pressures. <\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-secondary-background-color has-text-color has-background has-link-color wp-elements-4dda291f61ac4403c89e96bc74c99ebb\"><strong>Know more about:<br><a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPOs<\/a><a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPOs <\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a>s | <a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Closed IPOs<\/a> | <a data-wpil=\"url\" href=\"https:\/\/www.equentis.com\/ipos\/ipo-performers\">IPO Performers<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1692249899085\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is causing the recent spike in inflation?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The surge in inflation can be attributed primarily to the significant increase in food prices, especially vegetables, as indicated by the Consumer Price Index (CPI) inflation data for July 2023.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692249908863\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How high has inflation risen?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The Consumer Price Index (CPI) inflation reached a startling 7.44% in July 2023, marking a 15-month high and surpassing earlier market estimates.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692249934709\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is driving the increase in food prices?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Vegetable prices have played a pivotal role in driving up food prices, with a year-on-year surge of 37.3% and a month-on-month increase of 38.1% in July.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692249944939\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Can the RBI control the food supply to manage inflation?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No, the RBI&#8217;s influence over food supply management is limited. The focus has been on monitoring core inflation and being prepared to take necessary actions to address inflationary pressures.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692249976086\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What role does monsoon play in this scenario?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The progress of the monsoon is crucial as uneven rainfall distribution can negatively impact the sowing of Kharif crops, potentially worsening the food inflation situation.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Read more: &nbsp;<a href=\"https:\/\/timesofindia.indiatimes.com\/blogs\/voices\/long-term-investing-helps-create-life-changing-wealth\" target=\"_blank\" rel=\"noreferrer noopener\">How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.&nbsp;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction In a promising turn of events, the primary market is gearing up for a surge in IPOs as a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22905,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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