Mega IPO wave set to sweep Dalal Street as July listings gather pace

A wave of IPOs is set to hit Dalal Street in July, with SBI Funds Management (around 12,000-13,000 crore), Manipal Health Enterprises (about 11,000 crore), and Zepto (around 8,000 crore) together expected to raise approximately 32,000 crore. An additional 10,000-12,000 crore is anticipated from mid-sized listings such as Juniper Green, Karamtara Engineering, and Veegaland Developers, while over 200 companies are preparing to go public. Bankers attribute the resurgence to easing geopolitical tensions, resilient domestic investor participation, and SEBI regulatory flexibility, with Goldman Sachs expecting equity issuance momentum to accelerate in H2 2026.