Market volatility increases as marquee IPOs get ready for launch

At least six firms looking to raise Rs 20,000 crore to hit Street soon­

The current weakness in the market is causing primary market participants some discomfort as they prepare for a busy season of initial public offerings (IPOs).

Markets regulator Securities and Exchange Board of India (Sebi) recently gave the go-ahead to companies like FSN E-Commerce Ventures (Nykaa), PB Fintech (Policybazaar), Adani Wilmar, and Star Health & Allied Insurance to launch their IPOs. Industry sources say some of them are scheduled to launch their offers as early as next week. In all, at least 6 firms are looking to mop up over Rs 20,000 crore cumulatively.

From their peaks, the Sensex and the Nifty have