On the last day of September, a record 15 businesses filed their initial public offering (IPO) paperwork with the Securities and Exchange Board of India (SEBI), demonstrating the solid development that Indian stock markets are showing amid global worries.

As a result, there were 41 filings for the month, the most ever for an IPO document filing in a single month.

Market observers claim that the increase in draft red herring prospectus (DRHP) filings was caused by the fact that the audited financial statements for the quarter that ended on March 31 are only good until September 30.

“We expect initial public offerings (IPOs) to raise more than Rs 1.5 lakh crore this year. A growing number of companies in the growth stage will open for business. Additionally, foreign corporations would increasingly be looking to access the Indian capital market, according to Mahavir Lunawat, Managing Director of Pantomath Capital Advisors.

“In addition, a number of other market liquidity metrics, most notably the monthly mutual fund flow, have quadrupled since the previous quarter, and we are receiving about Rs 40,000 crore in funding each month. This has greatly increased the buoyancy of the capital market,” he said.

The recent 50 basis point rate decrease by the US Federal Reserve has boosted investor confidence to the extent that Indian equities markets have achieved all-time closing highs. This move is expected to affect the local interest rate cycle.

Experts said that the Indian equities market is still showing a strong overall trend.

Furthermore, since Indian sovereign bonds were included in JP Morgan’s global debt indexes a year ago, foreign investment has totaled around $18 billion, with expectations of expansion in the wake of recent US interest rate decreases.

Analysts claim that this migration is driving down bond rates and borrowing costs, making Indian debt more appealing to overseas investors. Potential monthly inflows of $2 to $3 billion might greatly increase foreign involvement in the Indian bond market in the future.

Based on statistics from Angel One Wealth, during the first half of this year, over 5,450 firms went public globally, with over 25% of those companies being based in India.

There were a lot of IPO listings in India last year as well. This was caused by the significant influx of domestic investors into developing businesses and industries.