India’s IPO pipeline swells despite muted equity market
India's primary market is thriving with a significant increase in the number of IPOs and issue amounts. In contrast, the secondary market has experienced notable declines in equity indices. While foreign investor interest in listed stocks has dwindled, they remain active in the IPO space. Several leading companies have successfully gone public, contributing to the primary market's resilience.
In India's booming primary market, the number of Initial Public Offerings (IPOs) has surged to record levels in recent years. Despite a lackluster performance in the secondary market, the IPO pipeline continues to swell, driven by strong businesses with compelling growth prospects.
From September 2024 to September 2026, the number of IPOs launched more than tripled, increasing from 12 to 32, while issue amounts surged over 250% from ₹11,058 crore to ₹39,018 crore. This 167% growth reflects investor confidence in the long-term potential of Indian companies, even as the listed market struggles with volatility.
Leading companies such as Hyundai, LG India, Groww, Meesho, Lenskart, and the National Stock Exchange have played a key role in sustaining investor interest. Their strong fundamentals and innovative business models have attracted both domestic and foreign investors, despite a sharp decline in foreign institutional investment in the secondary market.
With a total of 121 companies awaiting IPO approvals and an aggregate issue size of around ₹2.34 lakh crore, the next wave of IPOs could be even larger, potentially raising ₹75,000 crore by November.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
