The Indian primary market is bracing for a busy August as more than a dozen companies, including Zepto, Truhome Finance, and logistics platform Shiprocket, plan to launch their initial public offerings (IPOs) with an estimated total fundraising of over Rs 25,000 crore, according to merchant bankers cited by Business-Today.
“With markets stabilising and investor sentiment improving, companies that were waiting on the sidelines are now moving ahead with their IPO plans,” said Bhavesh Shah, MD & head of investment banking at Equirus Capital, as quoted in the report. The upcoming issuances include a mix of fresh equity and offer for sale (OFS) components.
Largest Offerings
| Company | Amount (Rs crore) | Fresh Issue (Rs crore) | OFS (Rs crore) |
|---|---|---|---|
| Zepto | 8,010 | 8,010* | OFS of up to 11.34 crore equity shares |
| Truhome Finance | 3,000 | 1,500 | 1,500 |
| Elevate Campuses | 2,550 | 2,550 | — |
| Shiprocket | 2,342 | 1,100 | 1,242 |
| Innovatiview India | 2,000 | — | 2,000 |
| Milky Mist Dairy Food | 1,553 | Not specified | Not specified |
*Zepto’s fresh issue is up to Rs 8,010 crore; the OFS size is up to 11.34 crore equity shares, with the amount not separately quantified in the source.
Other Companies in the Pipeline
Additional firms preparing maiden public offerings include:
- Dhoot Transmission
- ARCIL (Asset Reconstruction Company India)
- Ardee Industries
- Gaja Alternative Asset Management
- Rays of Belief
- Hy-Tech Engineers
- Shankesh Jewellers
- Learnfluence Education
Implications for Capital Markets
The robust pipeline signals sustained activity in the primary market, reflecting improving investor sentiment and demand for new listings, as noted by the source. For finance executives and treasury professionals tracking fundraising avenues, the wave of IPOs indicates a favourable equity capital market environment, potentially easing the cost of equity capital for high-growth firms. However, the crowding of issuances may test investor appetite for absorption.
While the source does not specify sectoral breakdowns or valuation details, the diversity of entrants—from quick-commerce (Zepto) to housing finance (Truhome), logistics (Shiprocket), and dairy (Milky Mist)—points to broad-based confidence among companies and their bankers. The heavy reliance on OFS in some issues (e.g., Innovatiview India entirely via OFS) suggests that existing investors are seeking partial exits, which could affect after-market liquidity.
For investors, the August IPO calendar offers significant primary market exposure, but careful selection will be key given the number of concurrent offerings. The success of these floats will be watched closely as a barometer of domestic risk appetite heading into the second half of 2026.
Sources:
