43 companies awaiting SEBI approval in FY25 across engineering, finance and technology sectors

For the third consecutive year, Dalal Street continues to enjoy a rapid growth in funds through IPOs. Currently, 43 Indian companies plan to raise more than ₹60,000 crore in the financial year (FY 25). This follows 265 companies going public during fiscal year 2024 and raising ₹90,878 crore through primary issuances and secondary sales (OFS), In FY 22, ₹1,27,000 was raised by 123 firms, which stood as an all-time high.

:For the financial years ending 2024, i.e., FY24, 550 companies have raised a whopping ₹2,83,000 crore in just three years. Against this, 323 companies raised ₹1,30,000 crore from FY19-22. 20 companies have filed DRHP for those SEBI observations received and are still valid to raise nearly ₹5,000 crore in the upcoming fiscal.

The robust activity in the secondary market indicates sustained momentum in the primary market (IPOs) for the upcoming quarters. However, investors should also pay more attention to companies' historical earnings, particularly those that have been listed within the past two or three years.

Companies waiting for Sebi approval include Hero Motors Ltd, targeting ₹ 900 crore. JSW Cement. National Securities Depository Ltd, issuing 5,72,60,001 shares through an offer for sale. Hyundai Motor India Company, issuing 14,21,94,700 shares through an offer for sale, Waaree Energies Ltd aiming to raise ₹3,000 crore plus offer for sale of 32,00,000 shares, and One Mobikwik Systems targeting ₹700 crore.

Improved market sentiment, strong listing performance, and the need for growth capital are among the factors driving a positive outlook for IPOs.

List of Companies

In total 43 awaiting SEBI approval. Among them, 32 companies are raising capital by a combination of fresh issues with an offer for sale (OFS), which allows companies to collect new capital while also diluting some of their shares, attracting new investors. 4 companies are solely opting for fresh issues, indicating a focus on capital for business expansion, while seven are pursuing only OFS, showing a move to reduce promoter stakes and an exit for previous investors. However, the reasons for the issue might differ from company to company.

Industries represented include engineering, textiles, infrastructure, finance, retail, technology, and pharmaceuticals, showcasing broad sector interest.

Promoter holdings vary widely, from 100% to lower percentages like 33% but most of them are with above 90% stake, influencing investor perceptions.

Following is the list of IPOs waiting for SEBI Approval in 2024

Issues Filed in FY24

Investors should closely monitor SEBI's approval of the companies mentioned above that are waiting for IPOs. Above list ensures primary market to remain highly active remaining part of the year.