After a muted May, the IPO market — which had its best-ever run in 2025 — is set to regain momentum, with around a dozen companies preparing to hit the Street in June to collectively raise nearly Rs 11,000 crore through initial share sales.
According to investment bankers, companies across sectors are rushing to launch their offerings before their Sebi approvals expire at the end of June.
Among the prominent issuers is Bain Capital-backed auto components maker Dhoot Transmission, which plans to raise Rs 2,400 crore through a public issue comprising a fresh issue of Rs 1,400 crore. The company is expected to hit the market on July 5.
Metal recycler CMR Green Technologies is also preparing to launch its Rs 630-crore offer-for-sale issue from June 3 and is expected to announce its price band on Friday.
Insurance distribution platform Turtlemint is planning a Rs 2,000-crore IPO, including a fresh issue component of Rs 661 crore.
Other companies in the pipeline include exam infrastructure platform Innovatiview, which is planning a Rs 1,000-crore offer-for-sale-only issue; railway and power sector-focused EPC player Laser Power & Infra, which is looking at a Rs 1,200-crore IPO with a fresh issue of Rs 800 crore; and Karamtara Engineering, which plans to raise Rs 1,750 crore, including Rs 1,350 crore through fresh equity issuance.
Education platform Learnfluence Education is also set to launch a Rs 296-crore issue comprising a fresh issue of Rs 246 crore and the remainder through an offer for sale. Realty player Veegaland Developers is planning a Rs 250-crore issue.
Rays of Belief, the for-profit entity operating under the “Mom’s Belief” brand and focused on supporting parents of special-needs children, is also preparing to launch its IPO comprising a fresh issue of up to 6 million shares.
Digital gold and silver trading platform Augmont Enterprises plans to raise Rs 800 crore through a fresh issue of Rs 620 crore and an offer for sale of Rs 180 crore. Hexagon Nutrition, meanwhile, is set to open its Rs 139-crore offer-for-sale issue on June 5. “Most of these companies intend to launch their IPOs using December 2025 financials, which remain valid till June 30, 2026,” an investment banker said.
CMR Green Technologies currently holds the highest market share in India’s secondary aluminium market in terms of revenue from operations.
Hexagon Nutrition is a research-driven nutrition company engaged in developing and manufacturing micronutrient premixes, branded wellness and clinical nutrition products, therapeutic formulations, and ready-to-use food products. The company operates manufacturing facilities in Nashik, Chennai and Thoothukudi, besides an international unit in Tashkent, Uzbekistan.
Laser Power & Infra, an integrated manufacturer of power cables, conductors and specialised transmission and distribution equipment, supplies primarily to the Railways and the Defence Research and Development Organisation (DRDO). The company has an installed capacity of 73,100 metric tonnes for power cables and conductors.
