20+ Firms Rush To File IPO Papers In Last Two Days Of FY26

India’s primary market witnessed an unusual last-minute rush, with more than two dozen companies filing draft initial public offering (IPO) papers in just the final two days of FY26. The surge reflects how companies are trying to capitalise on favourable market conditions and position themselves for listings in the coming financial year.

A Last-Minute Rush To Tap Markets

According to data compiled from filings, over 25 companies submitted draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) on 30 March and 31 March alone. The list of names includes:

• 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

• Kay Jay Forgings

At the same time, a couple of companies like Rediff.com India Ltd (a subsidiary of AvenuesAI Ltd) and SNVA Traveltech Ltd (which runs the Travomint platform) chose to go the confidential pre-filing route instead.

This late surge is significant because IPO filings are typically spread out across the year. 18 companies have already launched their IPOs in the early part of 2026. So many filings within a mere two days indicate that firms were already trying to align with regulatory deadlines and get ready for their listings at the beginning of FY27.

What Each IPO Looks Like

Here’s a closer look at what each company is planning with its IPO:

• Sadbhav Futuretech: The IPO includes a fresh issue of up to 2.55 crore shares along with an OFS worth ₹235 crore by promoters and other shareholders.

• TC Terrytex: The company plans to raise ₹170 crore through a fresh issue, along with an OFS of 67.5 lakh shares by investor Ashis Living Private Limited.

• Monomark Engineering (India) Ltd: This IPO is entirely a fresh issue of 2.7 crore shares, with no OFS.

• Punjab Carbonic: The offering includes a fresh issue of 60 lakh shares and an OFS of 35 lakh shares by promoters.

• Adroit Industries (India): Its IPO consists of a fresh issue of 98.97 lakh shares and an OFS of 13.5 lakh shares.

• Nityas Gems and Jewellery: This is a pure fresh issue of 1.45 crore shares.

• Expression 360 Services India Ltd: The IPO is entirely an OFS of 1.5 crore shares by promoter Mohit Gupta, meaning the company itself will not receive any funds.

• Absolute Project (India) Ltd: The offering is a fresh issue of 2 crore shares.

• Bvishal Oil and Energy: The IPO is a new issue of 1.8 crore shares plus an OFS of 77.09 lakh shares.

• Kay Jay Forgings: Total ₹360 crore, with ₹300 crore as a fresh issue and ₹60 crore through an OFS by promoters.

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What It Means For Investors

This is a positive development for investors as it implies that there is a big pipeline of IPOs in FY27 with a large variety of sectors for them to choose from.

However, with so many options, investors may also become cautious, and only companies with strong fundamentals may see a strong demand.

Sources:

NDTV Profit

Moneycontrol