The primary rush: Annual IPO haul set to hit ₹1.6 trn milestone next week

India's IPO market is on track to surpass last year's record haul, with fundraising likely to cross Rs 1.6 trillion and the number of issuances hitting their highest level since 2007

The Indian initial public offering (IPO) market is gearing up for another milestone year, with fundraising on track to set a fresh record and the number of issuances reaching an 18-year high. 

Fundraising through IPOs is poised to exceed ₹1.6 trillion once the offerings by Meesho, Aequs and Vidya Wires are wrapped up, overtaking last year’s record of ₹1.59 trillion from 91 issues. As many as 93 companies have already completed their IPOs this year, the highest since 2007. 

Meesho plans to raise ₹5,421 crore, while Aequs and Vidya Wires are aiming for ₹922 crore and ₹300 crore, respectively. 

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