Primary market hoists sail as secondary winds return

60+ IPOs worth ₹1.02 trn ready to harness steady market currents

- NIKITA VASHISHT & PUNEET WADHWA

A rocky but steady recovery in the secondary markets has put wind in the sails of India's primary market. With the worst for stock markets—in terms of India-Pakistan tensions and Donald Trump's tariffs—likely on the back burner, over 60 companies are ready to launch their initial public offerings (IPOs) in the coming months.

Data from Prime Database shows that 66 companies have the Securities and Exchange Board of India's (Sebi's) approval to bring IPOs worth ₹1.02 trillion. Among these, LG Electronics India (₹15,000 crore), Credila Financial Services (₹5,000 crore), JSW Cement (₹4,000 crore), Manjushree Technopack (₹3,000 crore), National Securities Depository (likely IPO size ₹3,000 crore), and Veritas Finance (₹2,800 crore) are some of the marquee names waiting to go public.

Analysts feel a meaningful revival in the primary markets is possible over the next six to eight months if the secondary markets continue to stabilise.