7 IPOs worth ₹14,000 crore lined up before February end: Report
The Indian initial public offering (IPO) market is expected 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 likely to generate significant interest among investors, who will be closely watching the performance of these companies in the run-up to their public listings.
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, driven by increasing demand for data analytics and AI services from businesses across various sectors. With a strong track record of innovation and customer acquisition, Fractal Analytics is well-positioned to capitalize on the growing trend of digital transformation.
Aye Finance, a non-banking financial company (NBFC) that specializes in providing loans to micro, small, and medium enterprises (MSMEs), is also planning to raise around ₹2,000 crore through its IPO. The company has been expanding its operations rapidly, with a focus on serving the unbanked and underbanked segments of the economy. With a robust business model and a strong management team, Aye Finance is likely to attract significant interest from investors.
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 generate significant interest among investors. Indo MIM, a leading manufacturer of metal injection molding (MIM) components, is planning to raise around ₹1,500 crore through its IPO. CleanMax Enviro Energy Solutions, a provider of renewable energy solutions, is expected to raise around ₹1,000 crore.
Gaja Alternative Asset Management, a venture capital and private equity firm, is planning to raise around ₹500 crore through its IPO. Skyways Air Services, an aviation company that provides air charter services, is expected to raise around ₹300 crore. PNGS Reva Diamond, a diamond manufacturer and exporter, is planning to raise around ₹200 crore through its IPO.
The upcoming IPOs are expected to provide a boost to the Indian stock market, which has been experiencing a period of volatility in recent months. The IPO market has been a key driver of growth for the Indian economy, with many companies using the public markets to raise capital and expand their operations.
The success of these IPOs will depend on a variety of factors, including the overall market sentiment, the company’s financial performance, and the valuation at which the IPO is priced. However, with a strong pipeline of companies waiting to list, the Indian IPO market is likely to remain active in the coming weeks and months.
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. With a total of approximately ₹14,000 crore expected to be raised, these IPOs are likely to generate significant interest among investors. As the Indian economy continues to grow and evolve, the IPO market is expected to play an increasingly important role in providing companies with access to capital and driving economic growth.