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With Nifty hovering close to record highs and investor sentiment remaining upbeat, the primary market is set for a new phase, where five major companies are preparing to raise nearly Rs 35,000 crore through IPOs over the next two months.The lineup features some of the country’s most prominent consumer and fintech brands—Lenskart, Groww, Pine Labs, ICICI Prudential AMC, and boAt—reflecting renewed confidence and scale on Dalal Street.This follows the successful listings of LG Electronics India and Tata Capital, which together raised over Rs 27,000 crore and reignited demand for large IPOs, reported ET.

The surge in IPO activity aligns with the secondary market. The Nifty 50 has gained nearly 3% this month, trading just below its all-time high of 26,277. Midcap and smallcap stocks have also rebounded, expanding market participation. This year has seen the strongest performances in recent years, with companies raising more than Rs 1 lakh crore through IPOs.Over 100 new listings were seen last quarter—the busiest stretch since the post-pandemic boom of 2021. Analysts note that it is due to abundant liquidity, higher retail participation, and a stable macroeconomic environment.“Markets are near their peak, and investors are looking for quality paper to deploy gains. However, the focus is shifting toward profitability and valuations,” said Senior research analyst at Bonanza Nitin Jain, as quoted by ET.He noted that while LG Electronics’ Rs 11,600-crore IPO was among the most successful in years—listing at a 50% premium—the muted debut of Tata Capital’s Rs 15,500-crore issue reminded investors that sentiment alone does not guarantee listing gains.

Eyewear retailer Lenskart is expected to launch its Rs 8,000-crore IPO in early November, backed by Temasek and KKR. The company aims to expand into smaller cities and strengthen omni-channel logistics.Online brokerage firm Groww is also set for a Rs 7,000-crore IPO, likely in the first week of November.Other companies in the pipeline include Pine Labs, ICICI Prudential AMC, boAt, Sunshine Pictures, Hero Fincorp, Omnitech Engineering, Orient Cables, and Priority Jewels — all expected to hit the market before December-end.Experts say this wave of listings will test investor discipline as valuations remain high and benchmark indices trade near record levels.“The market has the liquidity, but investors are getting choosier. Only companies with proven profitability and strong growth stories will see sustained interest,” said Jain.A note from Kotak Equities highlighted that over 200 companies are preparing to raise around $35 billion (Rs 2.9 lakh crore) in the next year, keeping India among the world’s most active IPO markets. While smaller IPOs under Rs 1,000 crore dominate in number, mega issues above Rs 5,000 crore account for nearly a quarter of total fundraising.