The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer for sale (OFS) component, merchant bankers said.
"With markets stabilising and investor sentiment improving, companies that were waiting on the sidelines are now moving ahead with their IPO plans," said Bhavesh Shah, MD & Head-Investment Banking at Equirus Capital.
Among the largest offerings, Zepto plans to raise up to Rs 8,010 crore through a fresh issue, along with an OFS of up to 11.34 crore equity shares.
Housing finance company Truhome has proposed a Rs 3,000-crore IPO, comprising a fresh issue of up to Rs 1,500 crore and an OFS of an equal amount.
The fresh pipeline comes amid sustained activity in the primary market, reflecting improving investor sentiment and healthy demand for new listings.
Market participants expect IPO activity to remain buoyant as companies look to capitalise on favourable fundraising conditions.
So far this year, 36 companies have launched their IPOs, including nine that hit the primary market this month. Moreover, Manipal Health Enterprises and Juniper Green Energy are set to open their public issues on July 29 and July 30, respectively. MV Electrosystems is also scheduled to launch its IPO next week.
Looking ahead, Shah said the long-term outlook for India's IPO market remains strong despite periodic volatility.
"The primary market has undergone a structural transformation, with equity becoming an increasingly preferred source of growth capital. While there will always be tactical pauses driven by market volatility, the underlying pipeline remains very strong. I continue to expect India to raise around USD 20 billion through IPOs this calendar year," he said.
He added that well-priced IPOs are likely to continue delivering healthy returns, while aggressively valued offerings may witness limited upside, as investors become increasingly selective rather than indiscriminately bullish.
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