IPO Market Set for Record Breaking Second Half

India's stock market had a challenging first half of 2026, with the BSE Sensex declining 10.25% and the Nifty 50 falling 8.66% by the end of June. Despite the weakness in the secondary market, the primary market remained strong as investors continued to show interest in initial public offerings (IPOs).

During the first six months of the year, 27 companies raised ₹22,555 crore through IPOs. According to Prime Database, the IPO market is expected to gain even more momentum in the second half of the year, with 238 companies planning to raise nearly ₹4.74 lakh crore.

Of these, 174 companies have already received SEBI approval to raise ₹2.77 lakh crore, while another 64 firms seeking to raise ₹1.95 lakh crore are awaiting regulatory clearance. Investors are also eagerly awaiting major public issues, including the NSE IPO, Reliance Jio IPO, and LIC's Follow-on Public Offer (FPO), which could make 2026 a record year for India's primary market.