Overview
- PRIME Database pegs the 2026 fundraising pipeline at about Rs 2.65 lakh crore, including roughly Rs 1.25 lakh crore already approved and about Rs 1.40 lakh crore awaiting SEBI clearance.
- Pantomath Capital projects potential capital formation near Rs 4 lakh crore next year, highlighting differing methodologies and scope.
- High-profile names expected to pursue listings include Reliance Jio Platforms, Flipkart, PhonePe, OYO and Zepto, subject to SEBI approvals and market conditions.
- India logged 103 mainboard IPOs raising a record Rs 1.75 lakh crore in 2025, leading the world by number of issues and ranking among the top markets by proceeds.
- Signs of market maturation include broader geographic investor participation, stronger mutual-fund anchor roles and a tilt toward using proceeds for expansion, capacity, debt reduction and working capital, even as listing-day pops and retail oversubscription cooled versus 2024.