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India's Mainboard IPO Pipeline Swells To ₹3.86 Lakh Crore

29 Sept5 min read· 📷 Wolfgang Weiser

India's mainboard Initial Public Offering (IPO) pipeline has reached a staggering **₹3.86 lakh crore** (₹3.86 trillion), indicating robust activity in the s. This includes companies that have filed their Draft Red Herring Prospectus (DRHP) with SEBI.

₹3.86 lakh crore

Total IPO Pipeline Value

⏳ Time Machine

How today’s news fits into the bigger picture

  1. 2018-2019

    Moderate IPO Activity

    India's IPO market saw moderate activity with several mid-sized companies going public, but the total fundraising was significantly lower than current levels due to slower economic growth and cautious .

  2. 2020

    COVID-19 Initial Slump & Subsequent Recovery

    The initial months of the COVID-19 pandemic caused a temporary slump in IPO activity. However, a robust recovery followed, driven by ample liquidity and a surge in retail investor participation.

  3. 2021

    Tech & New-Age IPO Boom

    India witnessed a boom in IPOs from technology and new-age companies, with several large listings that generated significant investor interest and high valuations, though some later saw corrections.

  4. Early 2026

    Sustained Investor Interest

    A sustained increase in domestic and foreign investor interest in Indian equities, combined with improving corporate earnings, continued to fuel a healthy IPO market.

  5. Last Quarter 2026

    SEBI Reforms & Streamlining

    SEBI continued to implement reforms aimed at streamlining the IPO process and enhancing investor protection, further boosting confidence in the .

  6. Today

    India's mainboard IPO pipeline surges to ₹3.86 lakh crore, indicating strong primary market activity.

  7. What happens next?

    The coming months will likely see a flurry of new IPOs, with investors closely watching their performance and regulatory approvals.

The pipeline for mainboard Initial Public Offerings (IPOs) in India has surged to an impressive **₹3.86 lakh crore**, reflecting strong investor appetite and a dynamic primary market. This substantial figure represents the total value of public share sales either approved by the Securities and Exchange Board of India (SEBI) or currently awaiting its clearance. The robust IPO pipeline signals a healthy outlook for capital raising by Indian companies, providing opportunities for both businesses to grow and investors to participate in new listings.

💭 If you're wondering…

It's the total value of public share sales that have either filed papers with the market regulator (SEBI) or received its approval, indicating future market activity.

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