SEBI Approves 74 IPOs: India’s Primary Market Set for a Record-Breaking Run

India’s IPO market is lighting up like never before. SEBI (that’s the Securities and Exchange Board of India) has just approved 74 companies to go public. Yep—74. That’s not just a headline; it’s a clear sign that confidence is roaring back into the market, thanks to a strong economy and a whole lot of investor enthusiasm.

A Packed Lineup of IPOs

According to Prime Database, this isn’t just limited to one industry—these IPOs are spread across finance, infrastructure, tech, and manufacturing. Here are a few big names to keep an eye on:

• NSDL (National Securities Depository Limited): The oldest depository in India is planning to raise ₹3,000 crore. This one could shake up India’s financial infrastructure space in a big way.
• JSW Cement: Part of the heavyweight JSW Group, it’s targeting ₹4,000 crore to ramp up production and strengthen its position in the cement industry.
• Hero Fincorp: The financial services arm of Hero MotoCorp is aiming to raise ₹3,668 crore to scale its lending business and power future growth.

These three IPOs are expected to draw serious attention from both retail and institutional investors.

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What’s Driving This IPO Wave?

This spike in IPO activity lines up with a broader upswing in the market. The Nifty is nearing short-term highs, and the mood among investors is clearly upbeat. Why? A few reasons: a solid monsoon forecast, interest rate cuts from the RBI, and strong investor participation.

And recent IPOs have had mixed, but mostly exciting, debuts. Case in point:

• Quality Power Electrical Equipments: Delivered an eye-popping 270% return since its February 2025 listing.
• ArisInfra Solutions: A cautionary tale, its stock plummeted 47.9% on day one and remains 45% below the issue price.

Sector Highlights: Who’s Leading the Charge?

Financial Services Are Booming

Companies like Hero Fincorp and HDB Financial Services are leading the charge. HDB, a part of HDFC Bank, is lining up what could be the biggest IPO in the non-banking financial sector—worth a massive ₹12,500 crore.

Infrastructure and Manufacturing

With demand in construction rising, JSW Cement’s ₹4,000 crore IPO could give it the boost it needs to meet market needs and expand capacity.

Tech and Market Infrastructure

NSDL’s IPO underscores the growing importance of tech in finance. That ₹3,000 crore they’re raising? It’ll go straight into strengthening their digital infrastructure.

What’s Next for India’s IPO Market?

With 74 IPOs approved and ready to go, the pipeline looks strong and diverse. Here's a key stat: the average IPO size in the first half of 2025 has more than doubled to ₹1,890 crore, compared to ₹869 crore last year. That’s a big jump, and it shows just how much action is flowing into the primary market.

If you’re considering jumping in, now might be a great time—but don’t skip the due diligence. Research each company’s fundamentals, understand the sectors they’re in, and get a sense of the broader market before putting your money on the line.

Final Take

This wave of IPO approvals isn’t just busy—it’s buzzing. SEBI’s greenlight is a strong signal that India’s economy is gaining momentum. From finance to cement to cutting-edge fintech, there’s something for every type of investor. As we move into the second half of 2025, the IPO market isn’t just hot—it’s sizzling.