August Rush: Over 2 dozen companies plan Street debut next month

Over 25 companies are expected to launch IPOs in August, led by PhonePe (around Rs 12,000 crore), Zepto (Rs 8,010 crore) and Shiprocket (Rs 2,342.35 crore). July has already been the strongest month of the year with 10 IPOs raising Rs 26,279 crore, bringing the year-to-date total to 37 IPOs raising Rs 48,852 crore. Bankers expect India to raise around $20 billion through IPOs this calendar year, signalling renewed investor appetite after a subdued first half.