Mainboard And SME IPOs Fizzle Out: No New Listing, Offering In Upcoming Week

For the first time in nearly two years, the bustling avenues of Dalal Street are witnessing an unusual lull in initial public offering activity. In the upcoming week, there will be no new listings or offerings in both the mainboard and small and medium enterprises segments.

This will be the first week since the first week of January 2024 with no mainboard or SME IPO, according to the data on Chittorgarh. Also, March 2025 became the first month to conclude without a single mainboard IPO, after February 2023, signaling a rout in the primary market, as per the website.

This deacceleration comes amidst a backdrop of increased global economic uncertainty. The headwinds of potential tariffs and broader market corrections has pulled back investor sentiment. Following this, companies have adopted a more cautious stance on public offerings.

There are some key IPOs anticipated in the period ahead, including the public issue of Urban Company. The home services platform recently secured shareholder approval for a fresh issue of Rs 528 crore.

Aye Finance and GK Energy are among the other companies that have received the green light from SEBI, for their IPO launches in the near future.

The electric vehicle manufacturer, Ather Energy, is also said to be considering a IPO amidst the prevailing market conditions, indicating a potential entry into the public markets.

Further, the parent company of boAT, Imagine Marketing, has filed draft papers for an IPO through a confidential pre-filing route, suggesting an offering in the horizon.

Mainboard IPOs, prior to the current dry spell, had seen much buzz as Indian investors refused to miss out on the primary market action. Favourable market conditions had allowed companies to raise a record Rs 1.6 lakh crore in 2024.