Primary market showing signs of revival: Over a dozen IPOs set to launch

Sebi has granted NSDL an extension until July 31, 2025, to complete its listing

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NEW DELHI: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilizing secondary market and easing geopolitical tensions, merchant bankers said.

Among the companies preparing to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, National Securities Depository Ltd (NSDL), Kalpataru, Rubicon Research, All Time Plastics, Regreen-Excel EPC India, and Paramesu Biotech, they added.

Additionally, Credila, SK Finance, Veritas Finance, Paras Healthcare, CIEL HR Services, Avanse Financial Services, Drof-Ketal Chemicals India, Brigade Hotel Ventures and Shreeji Shipping are looking to launch their IPOs.

All these companies have already received clearance from the markets regulator Sebi.

These companies are mobilising funds to support capital expenditure requirements especially for expansion plans, repayment of borrowings, and for general corporate purposes.

This renewed activity follows the launch of six IPOs last month, including Schloss Bangalore, the owner of luxury hotel chain The Leela.