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India IPO Fundraising Hits Record $12.5 Billion Despite Nifty Fall
M
Moneycontrol•09-10-2026, 14:36
India IPO Fundraising Hits Record $12.5 Billion Despite Nifty Fall
- •Indian companies raised a record $12.5 billion through initial public offerings in the first nine months of 2026 despite the Nifty 50 declining about 14 percent.
- •The number of IPOs dropped 17.9 percent to 220, but proceeds rose 11.3 percent as the average issue size increased to approximately $57 million.
- •Three major offerings including NSE, SBI Funds Management, and Manipal Health accounted for nearly 35 percent of total IPO proceeds.
- •Domestic liquidity strongly supported the IPO market to counter heavy selling by foreign portfolio investors during the January-September period.
- •Over 130 companies currently hold Sebi approval for future IPOs, which will test the resilience of domestic liquidity amid weaker market returns.
Key Questions Answered
Indian companies raised a record $12.5 billion through initial public offerings during the first nine months of 2026, marking the highest January-September fundraising level since records began in 1980.
Three major offerings—the National Stock Exchange raising $2.36 billion, SBI Funds Management raising $1.02 billion, and Manipal Health raising $970 million—accounted for nearly 35 percent of the total IPO proceeds.
Domestic liquidity successfully sustained demand in the IPO market despite foreign portfolio investors selling an estimated Rs 2.7 lakh crore to Rs 3 lakh crore worth of Indian equities between January and September 2026.
