India's primary market has a steep climb ahead if it wants to match last year's record-breaking fundraising. After companies raised Rs 1.76 lakh crore through IPOs in 2025, fundraising in the first six months of 2026 has reached just Rs 19,854 crore, leaving a gap of more than Rs 1.5 lakh crore to bridge in the second half of the year.
The task looks challenging, but the pipeline has suddenly become much stronger. Reliance Jio has filed its draft red herring prospectus (DRHP) for a proposed Rs 35,000 crore IPO. The NSE has also filed its draft papers for an estimated Rs 25,000 crore offer, while SBI Mutual Fund is expected to launch a public issue of around Rs 10,000 crore in the first week of July. Together, these three issues alone could account for nearly Rs 70,000 crore of fundraising.
