{
  "id": 9230546,
  "title": "September sees biggest IPO rush in nearly 30 years as 30 mainboard issues raise Rs 38,785 crore",
  "url": "https://urgent.news/2026/09/23/september-sees-biggest-ipo-rush-in-nearly-30-years-as-30-mainboard",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T00:19:17.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/september-sees-biggest-ipo-rush-in-nearly-30-years-as-30-mainboard-issues-raise-rs-38785-crore/articleshow/134423399.cms"
  },
  "original_language": "en",
  "account": "Mumbai: September has witnessed the highest number of mainboard initial public offerings (IPOs) in nearly three decades, with 30 issuances so far, as per data from the National Stock Exchange. This surpasses the previous record set in December 1996, when 33 issues were launched in a single month. The surge in IPOs has also led to a significant fundraising, with these 30 mainboard offerings raising approximately ₹38,785 crore, marking the largest monthly fundraise since October of the previous year, when 10 issues raised ₹45,188 crore. The large-scale IPO activity this month can be attributed to the National Stock Exchange, which saw the ₹22,561-crore IPO, the biggest so far this year, as its top contributor.\n\nThe small and medium enterprise (SME) segment has also experienced a notable uptick in activity, with 37 issues launched in September, the highest monthly count since the same month last year. These SME issues have raised around ₹1,486 crore, providing smaller companies with access to the equity markets. The average size of IPOs in September has been around ₹400 crore, with only six issuances exceeding ₹1,000 crore.\n\nExperts attribute the surge in primary market activity to the volatile secondary market, where foreign investor selling, rising bond yields, tighter global monetary conditions, and geopolitical tensions have contributed to the uncertainty. The exuberance in September's primary market cannot be viewed in isolation, as it sits against an uneasy economic backdrop. Investors have become cautious, chasing whatever opportunities arise and pulling back at the first sign of trouble.\n\nStrong domestic liquidity, particularly from Systematic Investment Plan (SIP) flows, has been a crucial factor supporting IPO activity. Moreover, the high demand for several new issues has encouraged companies to tap the primary market despite market volatility. Over half of the total money raised through mainboard IPOs this year has come through offer-for-sale (OFS) transactions, contributing to ₹66,630 crore out of the total ₹1.12 crore raised through these offerings in the current year.\n\nSmall and medium enterprise (SME) issuers have also witnessed a sharp increase in the number of IPOs in September. However, experts suggest that the sustainability of this pace will rely on the quality of companies coming to market. Rajesh Singla, CEO and fund manager at Alpha AMC & Planify, believes that the recent SME IPO surge is not driven by market timing but rather by a pipeline that has been building for months, finally hitting the market before companies need to refresh their audited financials.",
  "summary": "This month has also seen a sharp increase in fundraising, with mainboard IPOs raising around ₹38,785 crore, the biggest monthly fundraise since October last year, when 10 issues raised ₹45,188 crore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}