India IPO Fundraising Hits Record ₹1.8 Lakh Crore In FY26

India’s primary market raised a record ₹1.8 lakh crore in FY26 through initial public offerings (IPOs), with 219 companies listing during the year, according to a report by the National Stock Exchange (NSE).

This marks the highest annual mobilisation on record. The surge came despite global uncertainties, including geopolitical tensions in West Asia, the report said.

Mainboard Dominates Fundraising

The mainboard segment led the activity with:

• 108 IPOs being launched on the mainboard.

• Total funds raised stood at ₹1.7 lakh crore.

In comparison, the small and medium enterprise (SME) segment saw a moderation with:

• 111 SME IPOs got listed on the Emerge platform.

• Total funds raised stood at ₹5,363 crore.

• Issuances fell 32% year-on-year.

• Funds raised declined 25%.

The newly listed companies together added ₹12.5 lakh crore to market capitalisation by the end of FY26. It reflects strong investor participation, the report noted.

Rise In Additional Equity Fundraising

Beyond IPOs, companies also tapped markets through follow-on issuances. Total equity fundraising through additional issuances reached ₹2.4 lakh crore in FY26. It was up 6% from a year ago. Break-up of fundraising shows a clear tilt towards certain routes. Preferential allotments accounted for 54% of the total. Qualified institutional placements (QIPs) made up 28%. Rights issues contributed 18%.

Within the mainboard space, the pattern stood out more clearly. Companies raised ₹1.3 lakh crore through preferential allotments, a 105% jump from last year. Rights issues also picked up pace, climbing 172% to about ₹42,700 crore. Meanwhile, QIP fundraising moved the other way, falling 47% to roughly ₹67,600 crore.

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March Sees Strong Momentum

IPO activity remained firm towards the end of the fiscal year. In March 2026, nine mainboard IPOs raised ₹8,056 crore. On the other hand, six SME IPOs mobilised ₹242 crore.

Total fundraising for the month stood at ₹8,297 crore. This is the highest IPO mobilisation recorded for any March in the past six years, the report said.

Sources:

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