India's IPO market, which started 2026 on a slow note, is now racing to close the gap with last year's record fundraising as a sharp revival in July and August, a strong listing scorecard and the likely launch of mega issues such as Jio Platforms and NSE have brought the primary market back in focus. Analysts believe there is a strong possibility that IPO fundraising in 2026 will surpass that of last year.
IPO fundraising in 2025 stood at around Rs 1.76 lakh crore. If the number is surpassed, the figure will be close to record Rs 2 lakh crore. For that to happen, whether one or both of the two mega IPOs, Jio Platforms and NSE, will have to hit the Street before the end of the year and the buzz in the industry is that they will tap the markets this year. Alongside these, a long queue of mid-sized and small-sized issues is expected to keep the pipeline busy.
