India’s IPO market is set for a surge, with over a dozen companies eyeing nearly Rs 10,000 crore fundraising in the next fortnight amid strong liquidity, reforms, and investor demand.

Sebi has approved IPOs of six companies—Pine Labs, Hero Motors, Canara Robeco AMC, Manipal Payment & Identity Solutions, Orkla India, and Emmvee Photovoltaic Power—via observation letters, enabling them to proceed with fundraising plans.

Gold traded slightly weaker on Monday amid profit booking before the US Fed policy outcome. October futures held near ₹1,09,180 on MCX, with analysts expecting consolidation as rupee weakness supports domestic bullion prices.

Sebi has settled proceedings against Deepak Agrawal, a former Axis MF fund manager, after he paid ₹85.8 lakh and surrendered over 43,000 mutual fund units. This action follows allegations of violating market norms, including sharing stock tips and divulging sensitive information. Agrawal settled without admitting or denying the charges.

Data centre stocks surged over 12%, but Shankar Sharma warned the rally is a ‘hope trade.’ He likened the business to telecom towers, citing heavy capex, weak economics, low ROI, and high customer bargaining power.

SEBI’s new rules—cutting mutual fund exit load caps to 3% and reclassifying REITs as equities—were termed “progressive” by Anand Rathi Wealth’s Feroze Azeez, though he stressed their practical impact will differ across funds, assets, and investors.

Shares of Anant Raj Ltd. surged 13% to Rs 604, emerging as the top gainer on the NSE Smallcap Index, after reports said the government may grant tax exemptions of up to 20 years for data centre developers. The company, which has expanded into data centres and cloud services, also reported strong Q1 earnings growth.

Maharashtra Scooters, a Bajaj Group company, declared a massive interim dividend of Rs 160 per share (1,600% of face value), sending shares up nearly 3% on Monday. The record date is September 22, with payouts expected around October 13, 2025.

​Axis Securities has picked Bajaj Finance, Lupin, and Mazagon Dock as its top technical bets for the next 3–4 weeks, citing strong breakouts, bullish momentum, and robust technical setups.​

India s markets regulator approves Pine Labs IPO