Major IPO update! 56 companies likely to bring IPOs worth whopping Rs 70,000 crore in new financial year

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New Delhi: If 2023-24 was a bumper year for IPOs, 2024-25 is set to get bigger with nearly 56 companies likely to bring public issues worth Rs 70,000 crore, according to market data. Markets regulator SEBi has given its nod to the DRHP of 26 companies who applied to bring an initial public offering (IPO). The combined value of the IPOs is Rs 25,000 crore. Another 37 companies have submitted their draft red herring prospectus for IPOs to raise combined funds worth Rs 45,000 crore before the Securities and Exchange Board of India (SEBI). These companies are awaiting the regulator’s nod to take their firms public.

In the financial year 2023-24, companies raised Rs 62,000 crore from IPOs. These companies included the bumper listing of Tata Group company Tata Technologies and Reliance Industries unit Jio Financial Services’ demerger and listing.

IPOs to watch out for in 2024-25

Out of a total of 56 companies 9 are new-age technology firms with a combined value of around Rs 21,000 crore.

An important development that is likely to pique investor interest is the possibility of Tata Group coming about with another spate of public issues in the new financial year. Tata Group is likely to unlock value of 8 companies, including e-commerce retailer BigBasket, which is a part of its digital portfolio. Tata Group has also shared its plan to separate Tata Motors into t2 units, namely, commercial and personal vehicle units.

Other IPOs that are likely to interest investors are:

Foodtech company Swiggy
Bharti Airtel owned Bharti Hexacom
Virat Kohli-backed insurer GoDigit
Bhavish Agarwal-led Ola Electric
Tata Group-owned Tata Electric
Solar PV maker Waree Energies

(Disclaimer: This article is only meant to provide information. does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)

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