IPO pipeline swells to ₹3.86 lakh crore as primary market deepens: AIBI
AIBI’s mid-term white paper states that around 130 companies have received SEBI approval for a combined issue size of approximately ₹2.43 lakh crore
India's mainboard IPO pipeline has surged to approximately ₹3.86 lakh crore as of September, nearly three and a half times the amount raised through 84 IPOs this year, signifying a shift towards a more sustained capital formation ecosystem, according to the Association of Investment Bankers of India (AIBI). The pipeline comprises about 130 companies with a combined issue size of ₹2.43 lakh crore that have received SEBI approval, along with 75 companies that have filed Draft Red Herring Prospectuses (DRHPs) and are awaiting approval.
This growth is accompanied by a significant expansion of India's primary market, with mainboard IPOs mobilizing ₹8.36 lakh crore between 2016 and 2026 year-to-date, with annual fundraising rising from ₹26,494 crore in 2016 to ₹1.76 lakh crore in 2025.
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