Indian IPO market raised ₹94,205 crore in April‑September FY27, a 35% jump from ₹69,533 crore in the same period last year. 78 companies went public, with NSE’s ₹22,563 crore deal topping the list. Despite a sluggish first quarter that raised only ₹3,794 crore, the market managed a record haul.
The 78 issuers outpaced last year’s 65, while the overall fundraising climbed 35% year‑on‑year. Pranav Haldea, managing director of Primedatabase, noted that the surge came amid volatile secondary markets and a weak opening month.
A pipeline of 145 candidates is set to raise roughly ₹2.78 lakh crore once SEBI nods, while 102 more firms await approval to tap an additional ₹1.87 lakh crore. The sector is poised for continued activity as the regulator clears more listings.
Public equity fundraising, including SME IPOs, institutional placements and REITs, leapt 75% to ₹2.43 lakh crore. SME IPOs alone crossed the ₹1 lakh crore threshold in the first half of FY27, up from ₹76,330 crore a year earlier.
Subscription data shows 42 of 64 IPOs received mega responses above 10x, with 25 exceeding 50x. The average listing gain climbed to 19% from 7% in FY26, underscoring strong investor appetite.
Analysts predict the momentum will carry into Q1 2024, as the pipeline firms target high multiples. Traders should watch the SEBI approval cadence and the impact of secondary market volatility on post‑listing performance.