India IPO Market Set for Record ₹2.5 Lakh Crore Fundraising in 2026 Despite Global Uncertainty
India IPO Record 2026: The Indian market is expected to raise a record ₹2.50 lakh crore from IPOs this year. Despite global uncertainty, companies are launching large issues. So far, five companies have raised ₹8,806 crore. New-generation tech and startup companies are rapidly preparing for listings.
Amidst global uncertainty, trade agreement delays, and geopolitical tensions, companies in the Indian market may raise a record amount from IPOs this year. Analysts estimate that companies will raise more than ₹2.50 lakh crore from issues in 2026, compared to ₹1.75 lakh crore last year.
Despite the uncertainties, five companies have raised ₹8,806 crore from IPOs since January this year. In the same period last year, seven companies raised ₹6,113 crore. Major issuances so far this year include Fractal (28.33 billion rupees), Shadowfox (19.07 billion rupees), Amagi Media (17.88 billion rupees), and Bharat Coking (10.68 billion rupees).
According to analysts, following the record performance of startup IPOs in 2025, the momentum for new-generation technology companies to seek public listings in 2026 appears even stronger. Twenty startups have already filed drafts with the Securities and Exchange Board of India (SEBI), while 24 others are in various stages of finalizing their IPO plans.
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However, the situation is likely to change in 2026, as public market investors will prioritize strong fundamentals, profitability, and low cash burn when investing in new-generation technology companies.
The list of new-generation companies planning to list in 2026 will be as crowded as last year. These companies are expected to raise approximately ₹50,000 crore (approximately $50 billion). PhonePe will raise ₹13,500 crore (approximately $12,000 crore), Oyo ₹6,650 crore (approximately $6 billion), Shiprocket ₹2,342 crore (approximately $2.5 billion), and Bot ₹1,500 crore (approximately $1.5 billion).
Startup companies raised ₹35,600 crore (approximately $35 billion) last year, with Lenskart raising ₹7,278 crore (approximately $7.278 crore), Groww ₹6,632 crore (approximately $6.632 crore), Meesho ₹5,421 crore (approximately $5.421 crore), Pine Labs ₹3,900 crore (approximately $3.82 billion), and Physixwala ₹3,820 crore (approximately $3.82 billion).
Venture investors and bankers have cautioned that maintaining last year's momentum will depend on market conditions as well as investor interest in loss-making or recently profitable tech businesses. Analysts expect new-generation companies to perform well after listing in 2025, suggesting solid returns for public market investors. As such, the sector is considered more mature.
Large Investors' Hold: Large domestic and foreign institutions maintain a strong hold in IPO portfolios. Participation from insurance companies and pension funds is increasing.