3 weeks ago
India's IPO Boom Continues: 366 Issues Raise ₹1.9 Lakh Crore
A company that wants to grow can sell tiny pieces of itself to people, and that is called an IPO.
In India, 366 companies did this during the last financial year, called FY26.
Together, they raised almost ₹1.9 lakh crore, which is a gigantic amount of money.
Most of that money came from 109 bigger companies, which set a new record.
Smaller companies also got a chance to raise money through a special SME platform.
Investors were a little more careful this year.
They checked things like company value, profits, good management and future growth before buying.
Because of this, listing gains and interest from investors were lower than the year before.
A report by Grant Thornton Bharat says India's IPO market remains healthy and ready for the future.
India recorded 366 IPOs across mainboard and SME platforms in FY26, raising nearly ₹1.9 lakh crore, according to Grant Thornton Bharat.
Mainboard IPO activity hit an all-time high with 109 companies raising around ₹1.77 lakh crore.
The remaining issues came from the SME platform, giving smaller companies access to public funds.
Listing gains and oversubscription levels moderated from FY25 highs as investors became more selective on valuations, earnings, governance and growth.
The report says India's IPO pipeline remains healthy, supported by strong domestic participation, structural growth drivers and an expanding investor base.
- Who
- 366 Indian companies that went public via mainboard and SME IPOs, investors, and Grant Thornton Bharat, which published the report.
- What
- India's IPO market saw record activity in FY26, with 366 issues raising nearly ₹1.9 lakh crore and mainboard listings reaching an all-time high of 109 IPOs.
- Where
- India, with the report released from New Delhi.
- When
- FY26 (Financial Year 2026); the report was released on a Monday.
- Why
- Companies sought public market funds despite geopolitical uncertainty and inflationary pressures, supported by strong domestic participation, while recent regulatory reforms focused on transparency, accessibility and investor protection.
Key facts
- Report Source
- Grant Thornton Bharat
- Total IPOs in FY26
- 366 companies
- Total Funds Raised
- Nearly ₹1.9 lakh crore
- Mainboard IPOs
- 109 companies (all-time high)
- Mainboard Funds Raised
- Around ₹1.77 lakh crore
- Time Period
- FY26
- Market
- India
- Quoted Expert
- Karan Marwah, Partner and CFO Advisory Leader, Grant Thornton Bharat
Quotes
Karan Marwah
Partner and CFO Advisory Leader at Grant Thornton Bharat
“In today’s IPO market, success is no longer defined by the ability to list, but by the readiness to operate as a public company with the governance, discipline and credibility to sustain investor confidence well beyond the listing day”
thehansindia.com
“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.”
freepressjournal.in
Sources
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