September, being the busiest month for IPOs, has set the stage for the financial world to continue its momentum. A flurry of companies is gearing up to raise a staggering Rs 60,000 crore through initial public offerings (IPOs) over the next two months.

As September comes to a close, over six companies are gearing up to raise approximately Rs 60,000 crore through initial public offerings (IPOs) in the next 60 days. Major IPOs include Hyundai Motor India,

India’s red-hot market for initial public offerings is set to face is biggest supply of mega share sales after the market regulator approved proposals from Hyundai Motor India Pvt., Swiggy Ltd. and Vishal Mega Mart Pvt.

India’s IPO market is set to witness a significant uptick, with more than half a dozen companies planning to launch initial public offerings (IPOs) between October and November. According to merchant bankers,

India’s IPO market is set to heat up as five major companies – Swiggy, Hyundai Motor India, Acme Solar Holdings, Vishal Mega Mart, and Mamata Machinery – received the green light from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings (IPOs).

Munish Aggarwal, Managing Director and Head - Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale.

On offer in the Hyundai India IPO are 14.2 crore shares, equivalent to 17.5% stake, of face value Rs 10 each, according to the draft red-herring prospectus filed with the markets regulator in June this year. The South Korean carmaker will not issue new shares in the IPO.

Several companies like Hyundai Motor India, Swiggy, and NTPC Green Energy plan to launch IPOs in the next two months to raise about Rs 60,000 crore. This surge is driven by favorable macroeconomic conditions and sector-specific factors.