More than two dozen issuers in India are preparing to launch initial public offerings next month, aiming to raise around ₹35,000 crore in total.
New-age firms such as Zepto and PhonePe are expected to lead the activity. The plans come as investor appetite returns following a subdued first half of the year.
Markets have stabilized in recent weeks, according to the reports. The pipeline points to a stronger third quarter for IPO launches.
SBI Funds Management is among the companies mentioned in connection with the offerings.