India's IPO Market Raises ₹1.9 Lakh Crore in FY26

India remained one of the world's busiest initial public offering markets in FY26, with 366 companies raising nearly ₹1.9 lakh crore through mainboard and small and medium enterprise (SME) IPOs.

According to a report by Grant Thornton Bharat, fundraising remained strong during the financial year, with mainboard IPO activity touching a record high. As many as 109 companies raised around ₹1.77 lakh crore, accounting for most of the total funds collected during the year.

The remaining issues came from the SME platform, which continued to provide smaller companies with access to public funds. The strong numbers showed that companies were still willing to enter the stock market despite global uncertainty and inflation concerns.

However, investors became more careful while selecting companies, paying greater attention to company valuations, earnings, governance standards, and future growth before applying for IPOs. The report said pricing discipline and participation from institutional investors also played an important role in the success of public issues.

Karan Marwah, Partner and CFO Advisory Leader at Grant Thornton Bharat, said IPO success was no longer only about getting listed. Companies must also show that they can operate responsibly as listed businesses and maintain investor confidence after their debut.

Domestic support played a crucial role in India's capital markets remaining resilient during the year. Strong participation from domestic investors helped to mitigate the impact of global developments, commodity prices, and currency movements on investor sentiment and risk appetite.

Recent regulatory changes have also focused on improving transparency, making IPOs more accessible, and strengthening investor protection. The report said India's IPO pipeline remained healthy, supported by domestic investment, long-term economic growth, and a wider investor base.

Companies with strong financial fundamentals, reasonable valuations, and proper IPO planning would be in a better position to raise money from the public market. Such companies are also more likely to retain investor confidence after listing.

The Indian IPO market's performance in FY26 is a testament to the country's growing economy and the increasing confidence of investors in the stock market. As the market continues to evolve, it is likely that we will see more companies opting for IPOs to raise funds and expand their operations.

In conclusion, India's IPO market has shown remarkable resilience and growth in FY26, despite global challenges. The market's ability to attract domestic and institutional investors has been a key factor in its success, and it is likely that this trend will continue in the future.

The strong IPO pipeline and the increasing confidence of investors in the stock market are positive indicators for the Indian economy. As the country continues to grow and develop, it is likely that we will see more companies opting for IPOs to raise funds and expand their operations.

Overall, the Indian IPO market's performance in FY26 is a positive sign for the country's economy and its ability to attract investment. The market's growth and resilience are a testament to the confidence of investors in the Indian stock market and its potential for long-term growth.

The report by Grant Thornton Bharat provides valuable insights into the Indian IPO market and its trends. The report's findings suggest that the market is likely to continue growing in the future, driven by domestic investment, long-term economic growth, and a wider investor base.

In the coming years, it is likely that we will see more companies opting for IPOs to raise funds and expand their operations. The Indian IPO market's ability to attract domestic and institutional investors will be a key factor in its success, and it is likely that this trend will continue in the future.

The Indian government's efforts to improve transparency, make IPOs more accessible, and strengthen investor protection have also played a crucial role in the market's growth. The regulatory changes have helped to increase investor confidence in the stock market and have made it easier for companies to raise funds through IPOs.

In conclusion, the Indian IPO market's performance in FY26 is a positive sign for the country's economy and its ability to attract investment. The market's growth and resilience are a testament to the confidence of investors in the Indian stock market and its potential for long-term growth.