Business · Companies · 10 hrs ago
India Mainboard IPO fundraising hits record ₹84,400 crore in first half
Indian mainboard IPOs raised a record ₹84,400 crore in the first half of FY27, from April to September 2026.
Seventy-one companies made their stock market debut, compared with 55 in the same period a year earlier.
Nearly 94% of the funds came in July-September, including ₹40,400 crore from 32 IPOs in September alone.
Average first-day share price gains rose to 18% from 10%, while retail investor demand increased to an average of 28 times the shares available.
Financial services firms raised the largest share of the money, while capital goods companies had the most IPOs; domestic institutional investors also provided strong support as the Nifty 50 fell in September.
A large pipeline points to more potential listings, with 100 mainboard and 159 small and medium-sized companies filing draft offer documents, but approvals and market readiness could prevent some from going ahead.
India’s mainboard IPO market raised a record ₹84,400 crore in the first half of FY27, up 30 per cent from the year-earlier period.
Nearly 94 per cent of the funds were raised between July and September.
A total of 71 companies made their stock market debut from April to September, compared with 55 a year earlier.
September was the busiest month, with 32 IPOs raising ₹40,400 crore.
Financial services accounted for 43 per cent of funds raised, while capital goods had the most issues, with 15 IPOs.
- Who
- 71 mainboard companies made their stock market debut. Grant Thornton Bharat reported the figures.
- What
- Mainboard IPO fundraising reached ₹84,400 crore, a 30 per cent rise from the year-earlier period.
- When
- The first half of FY27, from April to September 2026.
- Where
- India’s mainboard public markets.
- Why
- The report said the issuance window opened quickly after a subdued first quarter. It also said investor demand remained selective.
This story does not have two clearly opposing sides.
71 mainboard companies made their stock market debut, compared with 55 in the same period a year earlier.
Nearly 94 per cent of first-half IPO funds were raised during this period.
32 IPOs raised ₹40,400 crore, making it the busiest month.
Grant Thornton Bharat’s report on the first-half IPO market was reported by Business Standard and Hindu BusinessLine.
- First-half fundraising
- ₹84,400 crore
- Year-on-year increase
- 30 per cent
- Companies debuting
- 71 from April to September 2026
- September IPOs
- 32 issues raised ₹40,400 crore
- Financial services share
- 43 per cent of first-half funds raised
- IPO pipeline
- 100 mainboard and 159 SME companies filed draft offer documents during H1 FY27
2 sources
What people are saying
India's IPO market moved from caution to acceleration in Q2 FY27, helping deliver a record first half. While the scale of fundraising shows the market can absorb new issuance, investor demand stayed selective and increasingly focused on fundamentals, pricing, governance and the use of proceeds