SEBI Approval and Awaiting Market Entry, While 65 More Have Filed Draft Red Herring Prospectuses, According to Axis Capital's August IPO

The report also noted 33 companies have submitted confidential DRH Ps since March 2025. The pipeline includes marquee names such as Jio Platforms, NSE, PhonePe, Zepto, Oyo, Cult. Fit, and boAt. Axis Capital highlighted that 407 mainboard IPO-listed companies tracked between July 2020 and July 2026 saw combined market capitalisation rise 4.89% to ₹64.59 lakh crore in July from ₹61.58 lakh crore in June. Of 12 mainboard IP Os in July, nine debuted at a premium, one flat, and three were yet to list as of July 31. The 407 IP Os delivered an average listing gain of 21% for retail investors, with average returns from issue price rising to 66% as of July 31. Among them, 86 companies traded at more than double their issue price, 50 gained 50-100%, and 55 were up 25-50%.