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 30% in the last fiscal year. Fractal Analytics’ IPO is expected to be a highly anticipated one, given the company’s strong track record and growth prospects.
Aye Finance, a non-banking financial company (NBFC) that provides loans to small and medium-sized enterprises (SMEs), is also expected to raise around ₹2,000 crore through its IPO. The company has been expanding its operations rapidly, with its loan book growing by over 50% in the last fiscal year. Aye Finance’s IPO is expected to be well-received by investors, given the company’s strong growth prospects and the increasing demand for credit from SMEs.
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 ₹1,500 crore, while CleanMax Enviro Energy Solutions, a renewable energy company, is expected to raise around ₹1,000 crore.
Gaja Alternative Asset Management, an alternative investment firm, is expected to raise around ₹500 crore, while Skyways Air Services, an air charter company, is expected to raise around ₹300 crore. PNGS Reva Diamond, a diamond manufacturing company, is expected to raise around ₹200 crore.
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 dominated by technology companies in recent years, but the upcoming IPOs are expected to provide a more diversified mix of companies from various sectors.
The IPO market has been driven by the increasing demand for capital from companies, as well as the growing appetite for IPOs from investors. The Indian government has also been taking steps to promote the IPO market, including the introduction of new regulations and the relaxation of existing ones.
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 upcoming IPOs are expected to provide a significant boost to the Indian capital markets and are likely to be well-received by investors. With the Indian economy continuing to grow rapidly, the demand for capital from companies is expected to remain strong, driving the IPO market forward.
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