New-age companies lead August’s IPO record for this year, raising Rs 17,000 crore. What’s next?

In August, the primary market maintained strong momentum with 10 IPOs raising nearly Rs 17,000 crore, the highest monthly total this year. This surpassed February’s Rs 7,500 crore and July’s Rs 5,063 crore. Notable new-age companies like Ola Electric, Unicommerce, and Brainbees Solutions debuted, with Ola Electric raising Rs 6,145 crore. Despite mixed demand, the stock’s listing performance was underwhelming.