Amid the record-breaking surge in the Indian stock market, tremendous action is also being seen in the primary market. Many companies are preparing for listing in this bull run. During October-November, many companies including NTPC Green Energy, Hyundai Motor India and Swiggy are going to launch IPOs worth around ₹ 60,000 crores. Apart from these 3 firms, IPOs of Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems and Garuda Construction are also going to be launched.

Through all these IPOs, companies will raise an estimated total of ₹60,000 crore. Shares of about 30 companies are to be listed during September - December. These listings are from different sectors, sizes and from fresh issues to offer for sale.

In fact, due to better macroeconomic conditions, triggers in specific sectors and other factors, there is a competition for listing among these companies. Strong inflow is also being seen in domestic mutual funds and corporate India is also going through a phase of strong capital formation. This is the reason why companies are engaged in raising funds through the primary market to support their expansion plans, debt reduction and working capital. Hyundai Motor India IPO This company is a subsidiary of South Korea's Hyundai Motor Company. The dates of Hyundai Motor India's IPO have not been announced yet. But, through the IPO, this company is raising about ₹25,000 crore. Earlier in 2022, LIC had raised a total of ₹ 21,000 crore, which was the country's largest IPO. Hyundai Motor India's IPO will be completely OFS, in which Hyundai Motor Company will sell 14,21,94,700 shares. There will be no fresh issue for this IPO. Swiggy IPO Apart from this, the IPO of food and grocery company Swiggy is also going to come. This company will raise a total fund of ₹ 10,414 crore by combining fresh issue and OFS. It will have a fresh issue of ₹ 3,750 crore and OFS of ₹ 6,664 crore. 18.52 crore shares will be sold through OFS. NTPC Green Energy IPO The IPO of NTPC Green Energy, the renewable unit of government company NTPC, is also expected to be launched in the first week of November. This company will raise a fund of ₹ 10,000 crore. IPOs of other companies will also be launched. Shapoorji Pallonji Group's Afcons Infrastructure will raise ₹7,000 crore, Waaree Energies will raise ₹3,000 crore through IPO. Apart from this, Niva Bupa Health Insurance will raise ₹3,000 crore, One Mobikwik Systems will raise ₹700 crore through IPO. So far this year, 62 companies including Bajaj Housing Finance and Ola Electric Mobility have raised a total of ₹64,000 crore through IPO. Will there be action in the primary market next year? The outlook for the primary market looks positive for next year i.e. 2025 as well. SEBI has approved 22 IPOs, which will raise around ₹25,000 crore. Apart from this, about 50 other companies have applied to SEBI and are awaiting approval. Overall, these companies are preparing to raise around ₹ 1 lakh crore from the primary market.