NEW DELHI: India’s IPO market has entered a structurally stronger phase and emerged as the global leader by deal volume, poised to facilitate around Rs 4 lakh crore of capital formation in 2026, a report said on Monday.
The report from Pantomath Capital said India’s equity capital markets transformed in 5 years till 2025 from a largely cyclical fund‑raising avenue into a deeper, more resilient platform for capital formation.
The financial services firm noted a decisive inflection point for the IPO ecosystem after 2020, adding that mainboard IPOs surpassed 100 in 2025 for the first time since 2007.