New Delhi, Sept. 24 -- There is a rush to hit the Indian stock market among companies, as within a span of two weeks, some 20 initial public offerings (IPOs) are lined up. Nine offers are already underway, including from prominent names like Anand Rathi Shares, Epack Prefab Technologies and Jain Resource Recycling, looking to raise Rs.5,580 crore.

The euphoric trend in the IPO market, however, like in the past, could create further challenges for the already subdued stock market. Already fraught with multiple risks like the Trump tariffs, slowing earnings and selling by foreign investors, the Indian stock market has avoided a sharp meltdown amid high liquidity in the domestic market.

However, some analysts fear that this deluge of IPOs,...