Can NSE IPO, Jio Platforms IPO impact liquidity in the Indian stock market?

Upcoming mega IPOs from Jio Platforms and the National Stock Exchange are set to raise billions of dollars, raising concerns about liquidity impact on the Indian secondary market. Jio Platforms IPO could reach around USD 4 billion, while NSE is targeting about Rs 30,000 crore, potentially absorbing significant capital from the market.