India’s IPO market has set a new fundraising record in FY26, with mainboard companies raising ₹1.65 lakh crore between April 2025 and February 2026. A total of 99 IPOs were launched, surpassing last year’s ₹1.62 lakh crore from 79 IPOs, reflecting strong investor demand despite global uncertainties.
The National Stock Exchange’s Market Pulse report confirms that India’s primary market continues to thrive. While mainboard IPOs surged, activity in the SME segment moderated, raising ₹5,121 crore from 105 listings. Overall, 204 firms mobilized ₹1.70 lakh crore in FY26, driven by larger issue sizes and strong participation from financial services and manufacturing firms.
Mainboard IPO Performance
• 99 IPOs launched between April 2025 and February 2026
• ₹1.65 lakh crore raised, a record high for India’s markets
• Previous year: 79 IPOs raised ₹1.62 lakh crore
• Larger issue sizes and strong institutional demand drove growth
SME Segment Trends
• 105 SME IPOs raised ₹5,121 crore
• Activity slowed compared to FY25, reflecting investor caution
• Maharashtra-based firms and financial services dominated SME listings
Significance Of The Boom
• Demonstrates robust investor appetite despite global volatility
• Strengthens India’s position as an emerging capital market hub
• Encourages more companies to tap equity markets for growth capital
• Reflects maturity in both mainboard and SME segments
Key Highlights
• India’s IPO boom continues in FY26 with record ₹1.65 lakh crore raised
• 99 mainboard IPOs launched, surpassing FY25’s fundraising levels
• SME IPO activity moderated, raising ₹5,121 crore from 105 listings
• Overall fundraising by 204 firms touched ₹1.70 lakh crore
• Financial services and manufacturing firms led the IPO wave
Sources: Mathrubhumi English, The Hindu BusinessLine, ABP News, Free Press Journal, The Weekend Leader