India's IPO Market Soars Globally, Eyes Rs 4 Lakh Crore Capital in 2026

• India led globally in IPO deal volume in 2025, ranking top three in proceeds, as per Pantomath Capital's Primary Pulse 2025 Report.
• Mainboard IPOs exceeded 100 issues in 2025, indicating a shift to sustained, broad-based capital mobilization across segments.
• The market expects Rs 4 lakh crore capital formation in 2026, reflecting increased depth and maturity.
• Investor participation is democratizing, expanding beyond metros to non-metro areas like Gujarat, Bhilai, Kendrapara, and Hisar.
• IPO proceeds are largely for productive deployment (expansion, debt reduction), with financial services, manufacturing, and industrials leading.

Why It Matters: India's IPO market shows structural maturity and broad-based growth, poised for significant capital formation.