September will be the record month for IPOs in India for almost 30 years

In September, 25 Indian companies plan to hold initial public offerings on the national stock exchange, which will be the busiest month since January 1997, when 28 IPOs took place.

Of these, 15 issuers have already raised almost $1 billion, and another 10 expect to raise about $500 million. Indian companies usually seek to go public before the end of September in order to avoid additional audit procedures, but this year the number of «recent»   placements is unusually high.

According to Dharmesh Mehta, head of DAM Capital, the companies' activity is due to a combination of positive business forecasts, a revitalized stock market, attractive valuations and high liquidity. An important factor was also the growing interest of foreign investors: in 2025, they invested almost $4.8 billion in Indian IPOs and SPOs.

A wave of placements is also expected in October: about 75 companies, including Tata Capital and LG Electronics India, have already received regulatory approval, but have not yet entered the stock exchange.