7 IPOs worth ₹14,000 crore lined up before February end: Report
The Indian initial public offering (IPO) market is set to witness a flurry of activity in the coming weeks, with seven companies planning to launch their IPOs before the end of February 2026. According to a report by Moneycontrol, these companies are aiming to raise a total of approximately ₹14,000 crore through their respective IPOs. This development is expected to provide a significant boost to the Indian capital markets, which have been witnessing a surge in IPO activity in recent times.
The pipeline of upcoming IPOs includes some notable names, such as Fractal Analytics, Aye Finance, Indo MIM, CleanMax Enviro Energy Solutions, Gaja Alternative Asset Management, Skyways Air Services, and PNGS Reva Diamond. Among these, Fractal Analytics and Aye Finance are scheduled to open their IPOs on February 9, marking the beginning of a busy period for the Indian IPO market.
Fractal Analytics, a leading provider of artificial intelligence and analytics solutions, is expected to raise around ₹2,500 crore through its IPO. The company has been growing rapidly in recent years, with its revenue increasing by over 50% in the last fiscal year. Fractal Analytics’ IPO is expected to be a highly anticipated one, given the company’s strong track record and the growing demand for AI and analytics solutions.
Aye Finance, a non-banking financial company (NBFC) that provides financial services to micro, small, and medium enterprises (MSMEs), is also scheduled to launch its IPO on February 9. The company is expected to raise around ₹1,500 crore through its IPO, which will be used to expand its operations and strengthen its balance sheet. Aye Finance has been growing rapidly in recent years, with its loan book increasing by over 100% in the last fiscal year.
The other companies in the pipeline, including Indo MIM, CleanMax Enviro Energy Solutions, Gaja Alternative Asset Management, Skyways Air Services, and PNGS Reva Diamond, are also expected to raise significant amounts of capital through their IPOs. Indo MIM, a leading manufacturer of metal injection molding (MIM) components, is expected to raise around ₹1,000 crore through its IPO. CleanMax Enviro Energy Solutions, a renewable energy company, is expected to raise around ₹1,200 crore through its IPO.
Gaja Alternative Asset Management, an alternative investment firm, is expected to raise around ₹500 crore through its IPO. Skyways Air Services, an aviation company, is expected to raise around ₹300 crore through its IPO. PNGS Reva Diamond, a diamond manufacturing company, is expected to raise around ₹200 crore through its IPO.
The upcoming IPOs are expected to provide a significant boost to the Indian capital markets, which have been witnessing a surge in IPO activity in recent times. The Indian IPO market has been performing well in recent years, with many companies raising significant amounts of capital through their IPOs. The strong performance of the Indian stock markets, combined with the growing demand for Indian companies, has made the Indian IPO market an attractive destination for companies looking to raise capital.
The pipeline of upcoming IPOs is also expected to provide opportunities for investors to invest in a range of companies across different sectors. The IPOs of Fractal Analytics, Aye Finance, and Indo MIM, for example, are expected to provide opportunities for investors to invest in companies with strong growth prospects. The IPOs of CleanMax Enviro Energy Solutions, Gaja Alternative Asset Management, Skyways Air Services, and PNGS Reva Diamond, on the other hand, are expected to provide opportunities for investors to invest in companies with niche business models.
In conclusion, the Indian IPO market is set to witness a flurry of activity in the coming weeks, with seven companies planning to launch their IPOs before the end of February 2026. The pipeline of upcoming IPOs includes some notable names, such as Fractal Analytics, Aye Finance, Indo MIM, CleanMax Enviro Energy Solutions, Gaja Alternative Asset Management, Skyways Air Services, and PNGS Reva Diamond. The upcoming IPOs are expected to provide a significant boost to the Indian capital markets and provide opportunities for investors to invest in a range of companies across different sectors.
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