Companies File IPO Papers in Record Numbers Ahead of Fiscal Year End.

Market Momentum Continues: Over Two Dozen Companies File Draft Papers for IPOs

More than two dozen companies filed preliminary papers with the capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPOs) in the last two days of FY26, reflecting sustained primary market momentum.

Among the companies that filed draft papers are Sadbhav Futuretech, TC Terrytex, Monomark Engineering (India) Ltd, Adroit Industries (India), Punjab Carbonic, Nityas Gems and Jewellery, Expression 360 Services India Ltd, Absolute Project (India) Ltd, Bvishal Oil and Energy, and Kay Jay Forgings. Additionally, Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, and SNVA Traveltech Ltd, which operates the online travel platform Travomint, opted for the confidential pre-filing route.

All these firms filed their draft documents with SEBI on March 30 or March 31. Most of the firms are tapping the capital market to support expansion plans, fund working capital requirements, and retire debt.

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IPO Raising Plans

The proposed IPOs of the companies can be summarized as follows:

These companies are looking to raise funds through a combination of fresh issues and offer for sales (OFS) aggregating to a total of over Rs 1,500 crore. The proceeds from these IPOs will be utilized towards various purposes, including working capital requirements, general corporate purposes, debt repayment, capital expenditure, and expansion plans.

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So far in 2026, 18 companies have launched their maiden public offerings, indicating a strong momentum in the primary market.