So far this year, 18 companies have received SEBI approval to raise ₹20,000 crore through IPOs, according to Prime Database MD Pranav Haldea. This follows a trend where 52 IPOs raised ₹50,000 crore in the six months before the elections. Remarkably, seven IPOs launched in April and May, raising nearly ₹15,000 crore despite typical market dryness during election periods. With 37 more companies, including Afcons Infrastructure and Swiggy, awaiting SEBI approval to raise ₹50,000 crore, the IPO market shows strong potential for 2024-2025, driven by robust investor confidence.