India's Fundraising Hits 21-Month Low in January Amid Market Slowdown

• India's primary market fundraising dropped to a 21-month low of Rs 1.1 lakh crore in January 2026.
• Equity issuances fell 45% month-on-month, and debt issuances declined 53%, indicating a broad-based slowdown.
• IPO activity was muted, with mainboard offerings down 78% and SME listings down 60% sequentially.
• Despite the January dip, overall fund mobilization for FY26 remains robust, surpassing FY25 totals.
• Retail Individual Investors' share in mainboard IPO proceeds increased to 24.6% in FY26, showing growing retail engagement.