15-yr record in IPO filing with Sebi belies market volatility, shows data

As many as 50 companies filed their draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), in the first half of the calendar year. This is the highest number of filing for IPOs since 2007, shows the data compiled by PRIME Database.

This high number of DRHP filing — or intent shown by companies to go public — paints a bullish picture. But investment bankers point out the surge is on the back of strong momentum seen in the initial public offering (IPO) market in 2021 and many companies may have either put