Whalesbook
Kya chal raha hai IPO market mein?
Dekho yaar, companies apna Future secure karne mein lagi hain. March 2026 mein, around 30 companies ne apni draft papers submit ki hain, jiska total aim hai ₹600 billion (around 6.3 billion dollars) raise karna. Ye numbers itne mast hain ki ye filing ke hisaab se record ke bilkul paas aa gaya hai, sirf July 2025 se peeche hai. Lekin asli twist ye hai ki jabki itni saari companies filing kar rahi hain, almost 65% recent IPOs apne issue price se neeche gir gaye hain. Ye dikhata hai ki companies abhi market ki situation se zyada future recovery par bet laga rahi hain.
Market ki haalat aur Global Trends
Jab ye filing ho rahi thi, tab India ke main market indices jaise Nifty 50 aur Sensex 5% aur 7% se zyada gir gaye the FY25-26 ke end mein. Iske peeche West Asia mein badhti hui tensions, oil prices ka upar jaana, aur Foreign Investors ka paisa nikalna bhi tha. Global market bhi kuch khaas achha perform nahi kar raha tha, jahan Hong Kong ne sabse zyada funds raise kiye, lekin US mein bhi bade IPOs ka intezaar tha. Pure world mein interest rates aur geopolitical risks ki vajah se IPO market thoda slow chal raha tha.
Bade Players ka Plan
Companies Future ke liye strategy bana rahi hain. Is march mein SBI Funds Management Ltd. ne $1.5 billion tak raise karne ka plan bataya, aur Manipal Hospitals ne bhi $1 billion ka target rakha hai. Iske alawa, Zetwerk Pvt., PGP Glass Pvt., aur Torrent Gas Ltd. jaise companies ne bhi filing ki hai. Ye sab India ki economy ke liye good sign hai, jahan GDP growth 5.9% se 6.9% tak predict kiya ja raha hai. Lekin oil prices aur global issues isko affect kar sakte hain.
Risk Factor: IPOs ka future?
Sabse badi fikar ye hai ki companies list hone ko ready hain, par market ki current performance bilkul theek nahi hai. Last year list hui 65% companies abhi bhi apne issue price se neeche hain, aur Nifty/Sensex FY26 mein kaafi gire hain. Agar market mein jaldi recovery nahi aayi, toh in companies ko achhe price par list hone mein mushkil hogi. Foreign investors ka paisa nikalna bhi ek warning sign hai. West Asia ki situation aur oil prices ka riska aur bhi badha sakte hain. March tak, 7 out of 11 mainboard IPOs ne pehle din hi negative returns diye hain.
Aage kya?
Market experts ko umeed hai ki 2026 ke second half mein market phir se strong ho jayega. Itni saari filings ki wajah se primary market phir se zinda ho sakta hai aur saal ke end tak record capital raise ho sakti hai. Geopolitical issues se thoda delay ho sakta hai, lekin India mein investment ka trend abhi bhi strong hai. IMF ne bhi kaha hai ki India 2026 mein global GDP growth mein bada contribution dega.