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Cover StoryVol. 41 Issue No. 17

The Great Indian IPO Stress Test

The Market Holds Its Breath On June 17 and June 19, India's primary market moved from speculation to formal paperwork. The National Stock Exchange filed its Draft Red Herring Prospectus for an IPO estimated at around ₹28,000 crore. Two days later, Jio Platforms filed a fresh issue DRHP targeting roughly ₹36,000 crore. If both deals are completed near these sizes, they would displace Hyundai Motor India's ₹27,870 crore offering from October 2024, and, simultaneously, become the first and second largest public offerings in Indian market history. 

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