Rs 2.5 lakh crore pipeline, but listings muted in 2026. Is India's mega IPO boom stalling?

India's mega IPO boom faces a slowdown in early 2026 despite a massive Rs 2.5 lakh crore pipeline. Muted secondary market performance, foreign investor outflows, and recent Budget-induced volatility have eroded investor risk appetite, leading companies to delay launches for better valuations and timing.