Pipeline

In investment banking, the pipeline refers to the deals that are in various stages of preparation before they are formally launched to the public market—including upcoming IPOs, follow-on offerings, bond issuances, and mergers under negotiation. A strong pipeline signals active deal-making activity and confidence in market conditions. For investors tracking the Indian primary market, monitoring the SEBI-filed Draft Red Herring Prospectuses (DRHPs) provides visibility into which companies are planning to list, enabling early research and informed participation when the actual IPO opens for subscription.