In slow lane: IPO filing halves in February as equity selloff deepens

Last month, only 14 companies filed draft red herring prospectus (DRHPs), a sharp drop from 29 in January and the lowest since November 2024. In total, these 14 companies are looking to raise Rs 9,695 crore — the lowest in nine months. A DRHP is a preliminary document filed before an initial public offering (IPO), containing essential details such as the number of shares offered, financial results, and risk factors. 

The decline in filing for IPOs suggests that companies are becoming reluctant to go public.  “The reduction in filing in February reflects overall market sentiment. Companies are in a wait-and-watch