THE MISSING IPOs: AS MANY AS 44 FIRMS HAVE TEMPORARILY PAUSED THEIR IPOS AFTER RECEIVING APPROVAL FROM SEBI.

AFTER A BLOCKBUSTER run in 2024, the pace of activity in the IPO market has slowed in 2025 amid bearish market sentiment. In the first two months of CY25, 10 mainboard IPOs debuted on the domestic bourses versus 16 in the corresponding period of CY24.

- BY CHITRANJAN KUMAR

As many as 44 companies that were set to raise over ₹66,000 crore after getting approvals from markets regulator Sebi have temporarily paused their IPOs, as per PRIME Database, a capital markets data provider.

“Despite receiving Sebi approvals, some companies have delayed or paused their IPO listings due to market volatility, weak investor sentiment, and unfavourable valuations. Many are waiting for improved market conditions to ensure better pricing and investor participation,” Bajaj Broking said in a note. Factors such as global economic uncertainty, fluctuating interest rates, and sector-specific challenges have made firms cautious about their public debut, it added.