June IPO Rush: Over Half a Dozen Public Issues to Hit Market, Fundraising Likely Around Rs.8,000 Crore

The Indian primary market is set to witness an active June, with more than half a dozen IPOs expected to launch, aiming to collectively raise around ₹8,000 to ₹10,000 crore, according to market sources.

These upcoming IPOs will feature a mix of large and mid-sized main board companies, indicating a broad-based interest from firms looking to tap into capital markets. This activity comes despite a relatively subdued response to public issues in May, especially in the retail and HNI categories during the latter half of the month.

Key IPOs to Watch in June

Among the prominent names gearing up for their initial public offerings are:

• Sri Lotus Developers & Realty – ₹800 crore

• Travel Food Services – ₹2,000 crore

• Laxmi India Finance – ₹200 crore

• Indogulf Cropsciences – ₹300 crore

• National Securities Depository Limited (NSDL) – ₹3,000 crore

Market sources suggest that these IPOs are likely to be launched during June, although official dates are still awaited.

Mixed Market Sentiment but Renewed Optimism

The interest in launching these IPOs comes at a time when investor sentiment is slowly reviving, even as grey market premiums remain cautious, signaling selective optimism. The upcoming public issues are seen as a test of market appetite, especially with larger issues like NSDL and Travel Food Services leading the pack.

Despite the recent lukewarm performance in some May listings, June could mark a revival in IPO activity if these issues are well-received. The diversity in sectors and company sizes might attract a broad range of investors—from institutional buyers to retail participants.

What It Means for Investors

With a significant number of IPOs expected, investors can look forward to a busy month on the IPO calendar. However, given the recent muted response, especially in the high net worth individual (HNI) segment, market watchers will be closely tracking investor turnout and subscription numbers.

June’s IPO lineup may provide fresh opportunities, but investors are advised to evaluate each offering carefully based on fundamentals and valuations.