The Indian IPO market has been booming in recent weeks, but it is now seeing a slight slowdown. Only two companies are going to launch IPOs next week, which are expected to raise a total of Rs 365 crore. In this article, we will discuss the status of recent IPOs, the reasons for the market decline, and the big IPOs coming in the future.

IPO Market Status

The number of IPOs (Initial Public Offerings) has increased in recent weeks. But now the primary market is slowing down a bit. Only two IPOs are going to come next week. They are expected to raise about Rs 365 crore.

Flood of IPOs in September

There were 12 big and 40 small IPOs in September. Now two IPOs are coming next week: Garuda Construction and Shiva Texchem.

Garuda Construction IPO

Garuda Construction wants to raise Rs 264 crore from its IPO. Its IPO will open on October 8 and close on October 10.

Shiv Texchem IPO

Shiv Texchem's IPO will also be held between 8-10 October. Its target is to raise Rs 101 crore.

Decline in the market

The stock market has declined due to the increasing conflict between Israel and Iran. This situation has also affected the IPO market.

positive outlook

Nevertheless, according to PrimeDatabase, the general outlook for the IPO market is positive. Currently, 26 companies have SEBI (Securities and Exchange Board of India) approval for IPO. These companies together want to raise Rs 72,000 crore.

proposal under consideration

Apart from this, IPO proposals of 55 companies are pending with SEBI. The target of these companies is to raise Rs 89,000 crore.

Hyundai IPO

This month, the IPO of South Korean company Hyundai may also come. Hyundai Motor India Limited is planning to raise about Rs 25,000 crore. According to sources, this IPO may come on October 14.

The biggest IPO

Hyundai's IPO will be the biggest till date. Earlier, the record was held by the Life Insurance Corporation of India (LIC). LIC's IPO was worth Rs 21,000 crore.

Overall performance of the year

So far this year, 63 companies have raised Rs 64,000 crore from core segment IPOs. This is 29 percent more than the amount raised by 57 companies in 2023.

Although the IPO market has slowed down for some time, the possibilities still remain. IPOs of more companies are expected in the coming time.