SEBI Greenlights 74 IPOs: India’s Primary Market Gears Up for a Record Run

The Indian primary marketplace is poised for a super surge, because the Securities and Exchange Board of India (SEBI) has given its nod to 74 Initial Public Offerings (IPOs). This massive green light sign of a robust pipeline of public issues, suggesting that India’s primary market is gearing up for a record-breaking run. The flurry of approvals shows strong investor confidence and notion and a vibrant environment for companies seeking to tap into public capital for boom and growth.

The Green Light: A Tsunami of IPOs

The sheer range of SEBI approvals—74 organizations sitting on the regulatory nod—points to an imminent "IPO tsunami" in the Indian marketplace. This surge in approvals is anticipated to deliver a normal inflow of public issues to Dalal Street. In June 2025 alone, 24 IPOs correctly mobilized ₹9,525 crore, indicating a massive pickup in number one market interest. 

As of early July 2025 dated record there are 143 number of Indian IPOs within the pipeline which is valued around at an aggregate amount of $26 billion, with 73 of those already having acquired SEBI approval. This robust interest reflects a growing appetite for equities among domestic retail and institutional investors, along with a drastically strong socio-economic-political environment and a super positive economic outlook.

Key Players and Notable Listings

Several prominent groups are some of the 74 that have obtained SEBI's approval, with some exceptionally predicted listings on the horizon.

National Stock Exchange (NSE) IPO

The National Stock Exchange's (NSE) IPO, worth Rs four.7 lakh crore in 2024, is nearing approval from SEBI. The NSE, which dominates India's stock marketplace, has been eyeing a public list for almost a decade, having first filed draft IPO papers in 2016 to raise around Rs 10,000 crore. A fundamental roadblock for the IPO, related to keeping aside clearing groups from inventory exchanges, has been eliminated, with SEBI reportedly snug with the existing possession shape. SEBI Chairman renowned as Tuhin Kanta Pandey stated and mentioned recently in June 2025 that "no impediment" stays for the upcoming  NSE IPO. The change additionally removed the ISIN freeze from March 24, 2025, notably improving liquidity in its unlisted stocks. NSE recommended a 17% year-on- year upward push in trendy rise in profits and total income earnings to Rs 19,177 crore in FY25, with net profits surging 47% to Rs 12,188 crore. The list is projected for Q4 FY26, with an expected marketplace capitalization of nearly Rs 5.94 lakh crore.

National Securities Depository Limited (NSDL) IPO

The IPO of National Securities Depository Limited (NSDL), India’s biggest depository, is one of the most expected listings. NSDL obtained in-principle approval from SEBI on April 13, 2023, with a directive to finish the listing method within 365 days, that is within one year. This closing date announced and stated was later extended to July 31, 2025. The put off in general stems from the want for IDBI Bank and NSE to dilute their stakes in NSDL to comply with SEBI guidelines, which restrict shareholding or balloting rights in depository companies to 15% in 5 years from October 2, 2023. Currently, IDBI Bank holds 26.10% and NSE holds 24% in NSDL. SEBI granted an extension for this dilution till July 31, 2025.

Other Notable Approvals: Major Contenders in the IPO Wave

SEBI has also cleared IPO proposals for several different corporations across diverse sectors:

JSW Cement: Part of the JSW Group, this company is targeting ₹4,000 crore to decorate manufacturing and enhance its market function.

Hero Fincorp: The financial services and offerings arm of Hero MotoCorp ambitions to raise ₹3,668 crore to enlarge its lending business enterprise and support future growth.

Sunshine Pictures, M&B Engineering, and Lumino Industries these corporations additionally got and received the green light signal approval in June 2025.

Veeda Clinical Research, an agreement research corporation, secured approval for its IPO, which includes each fresh issue and offer for sale (OFS) on the market.

Shringar House of Mangalsutra, a jewellery location participant, acquired acclaim for its fresh issue hassle IPO on July 4, 2025.

RITE Water Solutions India, targeted on decentralized water infrastructure, received the reputation of its mixed-mode IPO (Fresh   OFS) on the same day.

Seedworks International, an agriculture-targeted seed technology organization, and LCC Projects, an infrastructure participant, additionally received approvals in the week ending July 4, 2025.

WeWork India, a flexible workspace operator, has seen its IPO inspiration glide forward, with its draft offer file not below abeyance and awaiting final observations from SEBI. and what say other that its public issue incorporates an OFS as well of nearly reported around 43,753,952 equity shares.

Allied Blenders and Distillers received SEBI's green light nod and mark for approval for a Rs 1,500 crore IPO.

BlueStone Jewellery and Lifestyle also lined up in the wave and secured SEBI's approval and recognition of its Rs 1,000 crore IPO ahead.

Performance of Recent IPOs

While the market is optimistic,  these gradually increased recent IPO debuts have shown combined and positive outlook results, underscoring the significance of due diligence for investors.

Quality Power Electrical Equipments: This business agency brought an outstanding 270% return considering its listing in February 2025.

ArisInfra Solutions: In evaluation, its stock plummeted 47.9% on day one and stays 45% below its issue price, serving as a cautionary story.

Eppeltone Engineers: Debuted at ₹243 and marked about a 90% premium near the top charge over its IPO price of ₹128, and is presently trading 89% better.

Monolithisch India: Listed at ₹243, a 61.9% advantage over its IPO rate of ₹143, and is presently trading around 90.9% higher.

Overall  there are 15 shares from each SME and mainboard part and segments that are presently trading above their issue prices.

Regulatory Framework and Recent Changes

The Securities and Exchange Board of India (SEBI) and the stock exchanges (BSE and NSE) are considered and well known as the number one regulators of the Indian securities marketplace. SEBI's Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018, govern all public issues through listed and unlisted businesses in India. Issuers need to additionally observe the necessities prescribed via the inventory exchanges, collectively with eligibility criteria. Other regulators much like the Ministry of Corporate Affairs (MCA) and the Reserve Bank of India (RBI) additionally play roles, in particular for companies they regulate.

India follows a disclosure-based total regime for capital markets, requiring issuers to file a draft provide record (DRHP) with SEBI and the inventory exchanges. These bodies evaluate the DRHP, decorate queries, and offer observations that need to be addressed earlier than the organisation can keep. The DRHP consists of comprehensive disclosures, together with enterprise summaries, threat factors, capital structure, use of IPO proceeds, foundation for providing rate, industry assessment, and economic records, amongst others.

Market Outlook and Trends

The Indian IPO market has shown outstanding resilience and growth. In 2024, there had been over 250 IPO listings, raising more than US$19.6 billion. India moreover recently showcased and witnessed its largest IPO through representing Hyundai Motor India Limited in 2024, raising over US$3.3 billion. So this year, India remains the area's second-biggest IPO market, having raised $5.86 billion, accounting for 12% of standard international proceeds.

The resurgence in investor interest, in particular in small and mid-sized corporations, is fueling this growth. Many Indian startups are speeding to IPO in July 2025, pushed by the overall public market turning into a new source of overdue and late-stage capital, SEBI's private submitting path has been helped in reducing risk, and a renewed sort of cognizance of profitability. This developing urge for meals for equities, mixed with a stable socio-economic-political surroundings, has led to increased retail investor participation and frequent oversubscription of issues. Analysts predict that India's IPO market ought to grow a whole lot to $18 billion within the second half of 2025, rebounding strongly from a slower start to the year. Some even project that the IPO growth ought to upload $2 trillion to $3 trillion in marketplace price over the next decade.

Conclusion

SEBI's recent popularity decision made by approval of 74 IPOs marks a substantial inflection element for India's number one financial capital market. This robust regulatory backing, coupled with sturdy investor sentiment and strategic policy modifications, gadgets the diploma for a record-breaking run in public listings. Companies in the course of diverse sectors, from installed exchanges like NSE and depositories like NSDL to rising gamers and SMEs, are poised to tap into public capital, fueling their increased interests and contributing to the dominion's financial growth. While the adventure to IPO is complex, regarding stringent disclosures and regulatory compliance, the contemporary surroundings suggests that India's capital marketplace is more mature and appealing than ever, promising thrilling instances earlier for both issuers and investors.