July emerges as hottest month for IPO activity this year

July is shaping up to be the busiest month for initial public offerings (IPOs) this year, with nearly a dozen companies raising over ₹10,000 crore.

- SUNDAR SETHURAMAN

The last time IPO activity was higher was in December 2024, when 15 firms raised a total of ₹25,439 crore.

The surge in activity this month has been driven by favourable listing performances, consolidation in the secondary market, and a last-minute rush by companies looking to avoid updated financial disclosures.

The 10 companies that have debuted this month have witnessed an average gain of 22 per cent on listing day. The strong performance, according to market experts, has lifted sentiment and renewed interest from retail investors. Meanwhile, the broader market has consolidated following four consecutive months of gains, with the Nifty 50 down 1.2 per cent so far in July. The sideways movement in equities has prompted investors to shift focus to primary issuances, market experts said.