Indian IPO Market Set for Major Surge: Three Unicorns to Launch Issues Raising Rs 17,000 Crore Next Week

The Indian stock market's primary segment is anticipating a substantial increase in activity next week, with at least three prominent 'unicorn' companies planning to launch their Initial Public Offerings (IPOs). These include the fintech startup Groww, digital payments firm Pine Labs, and edtech provider Physics Wallah. Together, these three are expected to raise around Rs 17,000 crore. Groww, India's largest brokerage by client base, aims to raise approximately Rs 7,000 crore, with Rs 5,940 crore coming from an Offer for Sale (OFS). Pine Labs intends to raise over Rs 6,180 crore, and Physics Wallah seeks to mobilize about Rs 3,820 crore.

Adding to the momentum, Lenskart's Rs 7,278 crore fundraise will conclude its public bidding period on November 4, within the same week. Investment bankers estimate total launches and fundraisings for the upcoming week could reach approximately $2 billion. The IPO pipeline has been exceptionally strong, with projections suggesting total fundraisings through IPOs in India could range between $10 billion and $15 billion in the next two months, according to Citibank CEO K Balasubramanian.

Other companies like Cleanmax Enviro Energy (Rs 5,200 crore), Casagrand Premier Builder (Rs 1,100 crore), and KSH International (Rs 745 crore) are also awaiting their IPO launches soon. Further down the line, Veeda Clinical Research, Capillary Technologies, and Pranav Construction are also planning their market debuts within weeks, contingent on favorable market conditions. The success of recent large IPOs has invigorated the primary markets, and this trend is expected to continue through November and into early 2026, supported by strong domestic liquidity and increasing retail investor participation.

Market experts anticipate over 200 companies raising around $35 billion in the next year, with a Citigroup banker estimating $20 billion worth of IPOs, potentially including the record-breaking IPO of Reliance Jio. Globally, while the US leads in IPO volumes, India ranks fourth in 2025. SEBI has recently approved IPOs for Steamhouse, MilkyMist, Cure Foods, Kanodia Cement, and Gaja Alternative, though it placed Sterlite Electric Ltd's IPO on hold.

Impact: This heightened IPO activity is highly positive for the Indian stock market. It signals strong investor confidence, provides companies with essential capital for growth, and offers new avenues for wealth creation for investors. Increased primary market activity generally leads to greater liquidity, higher trading volumes, and a more vibrant market ecosystem. The influx of capital can stimulate economic growth through company expansion and job creation. The sheer volume of upcoming IPOs, however, will require investors to conduct thorough due diligence. The impact on the Indian stock market is rated 8 out of 10.

Difficult Terms: * IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time to raise capital. * Unicorn: A privately held startup company valued at over $1 billion. * Offer for Sale (OFS): A method where existing shareholders of a company sell their shares to new investors. The company does not raise new funds through an OFS; the money goes to the selling shareholders. * SEBI (Securities and Exchange Board of India): The primary regulator of the securities market in India, responsible for protecting investor interests and promoting market development. * Liquidity: The ease with which an asset can be bought or sold in the market without significantly affecting its price. In the stock market, high liquidity means shares can be traded easily. * Retail Participation: The involvement of individual, non-professional investors in the stock market.