In December 2024, 10 companies, including Vishal Mega Mart and Blackstone-backed International Gemmological Institute, plan to raise Rs 20,000 crore through IPOs.
Other firms like Avanse Financial Services, Sai Life Sciences, Paras Healthcare, and DAM Capital Advisors are also joining the primary market. These IPOs will include both fresh issues and offers for sale, aiming to fund expansion, reduce debt, and support working capital. Positive market sentiment following recent elections could boost the IPO market, despite challenges with pricing during a bull run.