Mumbai: After a quiet start to 2025, India’s primary market is finally showing signs of recovery. Over 12 companies are getting ready to launch their Initial Public Offerings (IPOs) in the next 3 to 6 months, according to merchant bankers.

This comes as the stock market stabilizes and global tensions ease, making investors more confident.

Big Names Preparing to Launch IPOs

Some of the major companies planning IPOs include:

• HDB Financial Services (HDFC Bank’s subsidiary)

• National Securities Depository Ltd (NSDL)

• Kalpataru

• Rubicon Research

• All Time Plastics

• Regreen-Excel EPC India

• Paramesu Biotech

Other names like Credila, SK Finance, Veritas Finance, Paras Healthcare, CIEL HR Services, Avanse Financial Services, Drof-Ketal Chemicals India, Brigade Hotel Ventures, and Shreeji Shipping are also planning public issues.

All these firms have already received approval from SEBI (Securities and Exchange Board of India).

Why Are These IPOs Being Launched?

Most of these companies need funds for:

• Expanding their businesses

• Paying back loans

• General company needs

The fresh interest in IPOs follows the recent launch of six issues, including that of Schloss Bangalore, which owns The Leela luxury hotel chain.

Numbers Still Lower Than Last Year

So far, only 16 IPOs have been launched in 2025, compared to 29 in the same period last year. This drop is due to unstable markets and global uncertainties.

However, 2024 was a record year, with 91 IPOs raising Rs 1.6 lakh crore, thanks to strong retail investment and economic growth.

Experts Expect Busy Second Half

Experts say more IPOs will come in the second half of 2025.

“There is strong investor interest in reasonably priced IPOs,” said Saahil Kinkhabwala from Monarch Networth Capital.

Pranjal Srivastava of Centrum Capital added that while companies are waiting and watching the market, confidence is expected to return soon.

HDB Financial and NSDL Lead the Way

HDB Financial’s IPO will include:

• A fresh issue worth Rs 2,500 crore

• An offer for sale (OFS) of Rs 10,000 crore by HDFC Bank

HDB wants to use the money to increase its capital base and grow its lending.

NSDL will offer 5.01 crore shares, slightly lower than its earlier plan. It has time until July 31, 2025, to complete its listing.

Over 130 IPOs in the Pipeline

So far, 65 companies have final SEBI approval and another 65 are waiting. If market conditions improve, India’s IPO scene could see a strong comeback in the coming months.

(With PTI Inputs)