IPO boom in 2026: India's primary market to see Rs 4 lakh crore capital raising next year, says report

India’s IPO market saw record volumes in 2025, with 373 listings raising Rs 1.95 lakh crore. Mainboard and SME issues grew in size, backed by strong institutional participation. For 2026, primary market fundraising is projected at Rs 3.5–4 lakh crore, driven by expansion funding, higher governance standards, and continued broad-based investor interest.