Overview

• Stock exchange data show 25 mainboard debuts in September, the most since January 1997, raising over Rs 13,300 crore.
• SME platforms logged a record month with 53 IPOs collecting Rs 2,309 crore, while year-to-date SME fundraising reached Rs 9,129 crore across 207 listings.
• Eighteen IPOs open for subscription next week, including four mainboard issues—Glottis, Fabtech Technologies, Om Freight Forwarders and Advance Agrolife—seeking more than Rs 850 crore in total.
• Analysts cite strong foreign inflows and steady demand from mutual funds and retail buyers, highlighted by recent subscriptions of 20x to 68x for smaller offerings such as Seshaasai Technologies and Solarworld Energy Solutions.
• SEBI’s revised minimum public shareholding rules give large issuers more time to reach 15% in five years and 25% in ten years, a change expected to support timing for bigger listings.