FY26 IPO Market Strengthens With 99 Companies Raising ₹1.65 Trillion

India’s mainboard IPO market set a new fundraising record in FY26, with 99 companies collectively mobilizing ₹1.65 trillion. This surpasses the ₹1.62 trillion raised in FY25, highlighting strong investor appetite despite global uncertainties. The surge reflects robust demand for large public offerings and India’s resilient capital markets. India’s primary market has remained buoyant throughout FY26, driven by strong liquidity inflows, larger issue sizes, and investor confidence in sectors such as financial services, infrastructure, and technology. While SME IPO activity showed moderation, the mainboard segment continued to dominate fundraising.

• Mainboard IPOs raised a record ₹1.65 trillion in FY26
• 99 companies launched IPOs between April–February
• Surpassed FY25’s ₹1.62 trillion from 79 IPOs
• Financial services and Maharashtra-based firms led activity
• SME IPOs slowed, raising ₹5,121 crore from 105 listings