{
  "id": 9040563,
  "title": "The great IPO crush: 23 firms rush to launch Rs 40,775 crore IPOs before September 30 deadline",
  "url": "https://urgent.news/2026/09/21/the-great-ipo-crush-23-firms-rush-to-launch-rs-40-775-crore-ipos",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T23:37:21.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/the-great-ipo-crush-23-firms-rush-to-launch-rs-40775-crore-ipos-before-september-30-deadline/articleshow/134399560.cms"
  },
  "original_language": "en",
  "account": "Mumbai: Twelve companies have a deadline looming to launch initial public offerings (IPOs) before regulatory approvals expire on September 30. Starting the share sale process by this date is crucial, otherwise, they must refile offer documents, which could delay fundraising efforts. The Securities and Exchange Board of India (Sebi) approvals for at least 23 companies, collectively targeting a combined raise of ₹40,775 crore, are set to lapse by the end of the month, according to Prime Database data. Among the larger IPOs are Mumbai-based Credila Financial Services and Kachchh-based specialty chemicals maker Dorf-Ketal Chemicals India, each proposing an issue size of ₹5,000 crore. Both received Sebi approval in May 2025, as per Prime Database. Pranav Haldea, managing director of Prime Database, indicated that some companies might opt to refile at a later time if valuations become more favorable. Companies have a year from the regulatory approval date to launch their IPOs. In April, Sebi granted a one-time relief to issuers whose observation letters were set to expire between April 1 and September 30, allowing them until the end of the month to launch their IPOs. This relief aimed to help IPO-bound companies navigate the risk aversion in equities following the West Asian crisis and the surge in oil prices. Sebi also permitted companies to adjust their issue size by up to 50% without filing fresh draft papers, compared to the previous threshold of 20%. Under existing framework, Sebi observations are generally valid for 12 months, with certain issues, including those under the confidential pre-filing route, having a validity of up to 18 months. Companies unable to launch their IPOs by September 30 would likely have to refile their draft red herring prospectuses (DRHPs), said Adeepto Saha, associate partner, Deloitte India. The fresh filing would add several months to the overall execution timeline.",
  "summary": "With regulatory approvals set to expire by the end of September, nearly twenty-four companies are racing against the clock to launch their initial public offerings. These firms aim to raise a staggering total of over Rs 40,755 crore. If they miss this deadline, they will face considerable hurdles in their fundraising efforts but may still choose to refile their offer documents for future…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Economic Times Tech",
        "title": "Snapdeal parent AceVector to launch IPO on September 25, seeks Rs 1,741-crore valuation",
        "url": "https://urgent.news/2026/09/22/snapdeal-parent-acevector-to-launch-ipo-on-september-25-seeks-rs-1",
        "published": "2026-09-22T05:43:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}