IPO Pipeline Stronger: 38 Companies File Draft Papers In March 2026, 38 companies submitted draft IPO papers to the Securities and Exchange Board of India (SEBI), indicating a notable increase in issuer confidence compared to previous years. This surge, which saw a sharp rise from 22 filings in March 2025 and 16 in March 2024, reflects a stronger pipeline of public offerings. Key players such as SBI Funds Management and Manipal Health Enterprises were among the firms that filed, signaling improved sentiment despite ongoing regulatory scrutiny. The momentum is expected to continue, with several high-profile companies, including the National Stock Exchange (NSE) and Reliance Industries' telecom arm Jio, preparing to submit their draft papers in the coming weeks. Merchant banking sources highlighted that additional firms, such as Singapore-based Sembcorp Industries' Indian renewable energy arm, Sweden-based Modern Times Group's subsidiary PlaySimple, TPG-backed online lending platform Fibe, and Tiger Global-backed BatterySmart, are also likely to file draft red herring prospectuses (DRHPs) soon. Of the 38 companies that submitted their draft papers, nine opted for confidential filings, including Zetwerk, SNVA Traveltech, Rediff.com India, Torrent Gas, Synergy Advanced Metals, Garuda Aerospace, and Sohan Lal Commodity Management. According to an Axis Capital report, 64 companies have filed DRHPs with SEBI and are awaiting clearance, while 124 firms have already received regulatory approval but have not yet launched their IPOs. Another 20 companies have submitted confidential DRHPs since March 2025. The report also noted that the fiscal year 2025-26 (up to March-end) saw 109 mainboard IPOs, with 69 of them listing above their issue price.#reliance_industries #national_stock_exchange #securities_and_exchange_board_of_india #sbi_funds_management #manipal_health_enterprises
New IPOs Alert: SBI Funds, Manipal Health Among 38 Cos File DRHPs in March; FY27 to See Jio, NSE Issues In March 2026, a total of 38 companies, including SBI Funds Management, Rentmojo, Cosmic PV Power, and Manipal Health Enterprises, filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI). This marks a significant increase compared to previous years, with filings rising by 72.72% from 22 in March 2025 and 137.5% from 16 in March 2024. Among the 38 firms, nine opted for the confidential filing route, which includes companies like Rediff.com India, Zetwerk, SNVA Traveltech, Synergy Advanced Metals, Garuda Aerospace, Torrent Gas, and Sohan Lal Commodity Management. According to an Axis Capital report, 64 companies have submitted preliminary papers to SEBI and are awaiting regulatory clearance, while 124 firms have already received approval but have not yet launched their IPOs. Additionally, 20 companies have filed confidential DRHPs since March 2025. The report also highlights that the FY2025-26 period (up to March 2026) saw 109 mainboard IPOs, with 69 of them listing above their issue price. As of March 31, 2026, three companies remained unlisted. The momentum of the IPO market is expected to continue into the fiscal year 2026-27 (FY27), with several high-profile firms preparing to submit their draft papers. Merchant banking sources informed PTI that the National Stock Exchange (NSE) and Reliance Industries’ telecom arm Jio are among the companies likely to file DRHPs in the coming weeks. Other anticipated filers include Sembcorp Industries’ Indian renewable energy arm, Modern Times Group’s subsidiary PlaySimple, TPG-backed online lending platform Fibe, and Tiger Global-backed BatterySmart.#reliance_industries #national_stock_exchange #securities_and_exchange_board_of_india #sbi_funds_management #manipal_health_enterprises
