The record
Written from the 1 report below. Nothing here is unsourced.
- Indian IPO fundraising has fallen to about $5.78 billion in 2026, roughly a fifth lower than the $7.32 billion raised in the same period a year earlier, following two record years.
- Companies such as Manipal Health, Indo-MIM and Juniper Green Energy have cut deal sizes, while Zepto opted for a pre-IPO placement, Sify Infinit Spaces paused its offering, and PhonePe deferred its listing.
- The slowdown reflects weaker capital markets, with local institutions driving tougher price negotiations as investors grow selective amid volatility and mixed post-listing performance.
- Bankers say the smaller deal sizes could hurt India's chances of another record IPO year.
What to watch next
- Whether Jio Platforms and NSE, the only expected $1 billion-plus IPOs, launch as planned in September or October
- Whether deferred or paused listings like PhonePe and Sify Infinit Spaces proceed later in the year
- Whether market conditions and foreign participation improve enough to restore larger deal sizes and valuations
Coverage1
1 report
English national1
All filed from India
Named India · Axis Capital Ltd. · DAM Capital Advisors Ltd. · Dharmesh Mehta · Indo-MIM Ltd. · Jio Platforms Ltd. · Juniper Green Energy Ltd. · Manipal Health Enterprises Ltd. · Mukesh Ambani · National Stock Exchange of India Ltd. · PhonePe Ltd. · Pratik Loonker · Sify Infinit Spaces Ltd.
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.