India could see 25 companies launch their IPOs in September on the nation’s main exchange board, making it the busiest month for such kind of deals in nearly three decades.

More precisely, it would be the highest since there were 28 in January 1997, according to primedatabase.com. Of the ones this month, 15 companies have collectively raised nearly $1 billion, while the remaining 10 are are expected to raise an a total of about $500 million, according to India’s National Stock Exchange.

It’s an annual ritual for Indian firms to try to cram in their IPOs by the end of September because dragging their deals into October would force them to audit an extra set of earnings, then update them into their draft prospectuses. But this year’s batch of last-minute entries is unusually high thanks to

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