Now Reading: Jio, NSE and PhonePe Among 146 IPOs Awaiting Launch
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Jio, NSE and PhonePe Among 146 IPOs Awaiting Launch
Jio, NSE and PhonePe Among 146 IPOs Awaiting Launch
India’s IPO pipeline is set for a busy second quarter of FY2026-27, with 146 companies approved by SEBI and awaiting a suitable launch window, according to Axis Capital’s August update cited by…
The Story in Brief
India’s IPO pipeline is set for a busy second quarter of FY2026-27, with 146 companies approved by SEBI and awaiting a suitable launch window, according to Axis Capital’s August update cited by Times Now. Another 65 firms have filed draft red herring prospectuses and await regulatory observations. Since March 2025, 33 companies have used the confidential DRHP route.
The queue includes Jio Platforms, NSE, PhonePe, Zepto, Oyo, Cult.Fit, Indian Gas Exchange, Snapdeal, boAt and Playsimple Games. Axis Capital said the 407 mainboard IPOs it tracked had a combined market capitalisation of Rs 64.59 lakh crore in July, up from Rs 61.58 lakh crore in June. Their average return over issue price stood at 66 per cent by July 31, 2026.
The Indian Opinion
The rush of familiar names can feed the lazy narrative that every new IPO is a safe bet. That is not what the data shows. Axis Capital’s figures cover companies across different market cycles, and a strong average return can conceal weak individual listings. Nor does SEBI approval guarantee attractive pricing or durable profits. Investors should judge each prospectus, valuation and use of funds rather than chase brand recognition. The useful test will be how many of these 146 firms sustain earnings after listing, not how crowded the queue looks.
Source: timesnownews.com
This story was synthesised by AI from the source linked above.
