September 2025 turns a record month for Primary market
-By Dilip Davda
Since last few years, we are witnessing a seer madness for primary market as far as new issues are concerned. For the year 2025, a new record is created for the month of September 2025 which marked a total of 104 primary issues that included 25 mainboard, 61 SME, 16 Rights Issues and 2 NCD Issues making an overall tally of 104 new issues. Thus, perhaps this is the first such month for the Indian primary market, where in a month over 100 IPOs came. No doubt IPOs like Shipwaves, Riddhi Display couldn’t see the light of the day despite their efforts.
According to the primary market circle, this has become the regular practice as the IPOs that have node for their float, target September month as the last one to throw their issue open before the month end with Last March ended (Annual)numbers failing which, they have to file revised documents with June end (Q1) data and as the delay continues, they have to keep adding latest quarter there on. With the last minute rush, the quality of document filing fails miserably and making it more difficult for evaluating the issue valuations.
If we recall earlier years faring of September month then for September 2024 we marked total 59 new issues, before that September 2018, there were about 39 new issues. The way the things are taking shape, we might see record making activities ahead.
