Mumbai, Aug. 6 -- India's primary market is poised to witness stronger momentum in the second quarter of FY2026-27, backed by a robust pipeline of companies preparing to launch initial public offerings (IPOs), according to Axis Capital's August IPO Market Update.

The report said 146 companies have already secured approval from the Securities and Exchange Board of India (SEBI) and are awaiting market entry, while another 65 companies have filed their draft red herring prospectuses (DRHPs) and are awaiting the regulator's observations. It added that 33 companies have submitted confidential DRHPs since March 2025.

The upcoming IPO pipeline features several marquee names, including Jio Platforms, National Stock Exchange (NSE), PhonePe, Zept...