Indian IPO Activity Slows Down in 2026 Amid Volatility, But Signs of Improvement Emerge

Initial public offering (IPO) activity in the domestic market remains sluggish in 2026 after strengthening in the calendar year 2025. As per the latest report by the financial services firm, 23 companies have raised over ₹27,000 crore so far in 2026 amid high volatility and widespread uncertainty. 103 companies had raised ₹1.76 lakh crore in 2025. With geopolitical tensions, there are signs of pick-up in IPO activity. IPOs of insurtech companies Turtlemint Fintech Solutions and Advit Jewels are scheduled to open for subscription on June 19 and 23 respectively. In addition, Cordelia Cruises operator Waterways Leisure Tourism Ltd is also expected to come out with its IPO this month. Earlier in June, CMR Technologies and Hexagon Nutrition have come out with their IPOs. According to the report, quick commerce company Zepto and the country's largest fund house SBI Mutual Funds are considering an IPO next month, besides filing preliminary documents with the National Stock Exchange (NSE).