New Delhi, March 25 -- A cooling initial public offering (IPO) market is beginning to weigh on India's capital formation pipeline, with about Rs.18,000 crore in planned fund-raising at risk. Thirteen mainboard companies are nearing their 12-month deadlines by June to launch their issues or lose regulatory approval.

The impending expiry of these clearances, given by the Securities and Exchange Board of India (Sebi) between April and June 2025, underscores how volatile market conditions are prompting firms to defer listings, raising the prospect of higher costs, delayed timelines and a near-term squeeze on fresh market liquidity.

Per PRIME Database, these include the Munjal family's Rs.3,600-crore Hero Fincorp Ltd offer, Morgan Stanley-ba...