In Mumbai, at least 10 companies are considering slashing their planned initial public offerings (IPOs) by up to 50% to adapt to a shrinking risk appetite among investors. This decision comes after the Securities and Exchange Board of India (SEBI) allowed companies with existing approvals to adjust their issue sizes without needing to refile documents, a move aimed at enhancing the chances of successful IPOs in a volatile market. These companies span various sectors, including non-banking finance, jewellery, food, packaging, healthcare, and steel, and are planning to launch their IPOs in the next 2-4 months if market conditions remain stable. According to investment bankers, this flexibility is particularly beneficial for larger issuers, as institutional participation is crucial and can shift rapidly with market sentiment. Currently, 146 companies have received SEBI approval to raise over ₹2 lakh crore (roughly $24 billion USD), with many targeting significant fundraises. The recent geopolitical tensions have further complicated the IPO landscape, prompting companies to recalibrate their offerings to better align with real-time investor demand.