A daunting ₹45,000 crore clock is ticking on D-St

Mumbai: Over 30 companies planning to launch initial public offerings (IPOs) are under pressure to finalize their share sales before the end of September or face a cycle of additional regulatory approvals. These companies aim to raise approximately ₹45,000 crore collectively. If they fail to launch their IPOs by the September 30 deadline, they may need to undergo a costly and time-consuming refiling process.

The Securities and Exchange Board of India (Sebi) recently granted a one-time extension until September 30 for issuances with observation letters expiring between April 1 and September 30, intended to help companies navigate a period of high volatility following geopolitical tensions and rising oil prices. Despite the looming deadline, market participants remain optimistic due to recent declines in oil prices and increased buying activity from overseas funds, following a period of inflated valuations in east Asian markets.