IPO: The attraction towards IPO continues among the companies. 38 companies, including SBI Funds Management and Manipal Health Enterprises, have filed preliminary documents for IPO with the Securities and Exchange Board of India (SEBI) in March 2026. However, this has also increased due to regulatory deadlines. SEBI data shows that 22 companies had filed preliminary documents for IPO in March 2025 and 16 in March 2024. According to merchant banking sources, this pace is expected to continue further.
NSE and Jio are also preparing documents
In the coming weeks, many big companies including the National Stock Exchange (NSE) and Reliance Industries’ telecom company Jio are preparing to file draft documents for IPO. Apart from these, the Indian renewable energy unit of Singapore’s Sembcorp Industries, Sweden’s Modern Times Group subsidiary PlaySimple, TPG-backed online lending platform Fibe and Tiger Global-backed BatterySmart may also file IPO documents (DRHP) soon.
Who are among the companies that filed documents with SEBI in March?
Of the 38 companies that have filed documents with SEBI, a total of 9 companies, including Jetwork, SNVA Traveltech, Rediff.com India, Torrent Gas, Synergy Advanced Metals, Garuda Aerospace and Sohan Lal Commodity Management, have filed IPO documents confidentially. According to a report by Axis Capital, 64 companies have filed documents with SEBI and are awaiting approval. 124 companies have already received approval for IPO from SEBI, but their IPOs have not come yet. 20 other companies have filed IPO documents through the confidential route since March 2025.
18 IPOs have come so far this year
The report states that there were 109 mainboard IPOs in the financial year 2025-26 (till the end of March), out of which 69 were listed above their issue price. At the same time, there were 3 companies which did not come out with IPO till March 31, 2026. So far in the year 2026, IPOs of 18 companies have come, out of which 8 have come in March. Digital payments company PhonePe has postponed its plans for public listing due to the current geopolitical situation. However, PhonePe CEO Sameer Nigam has said that the company is committed to listing in India.
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