IPO momentum intact despite volatility: IIFL

Volatile markets and weaker capital flows have delayed several IPO plans

- Sneha Shah

Nipun Goel, head of investment banking at IIFL Capital.

Despite the geopolitical storm clouds weighing on global markets, India’s IPO engine isn't stalling, Nipun Goel, head of investment banking at IIFL Capital, told Mint.

Companies are undeterred and will continue to file for listings throughout 2026, Goel said, adding that the supply is set to accelerate as a steady stream of firms plans to debut on the mainboard indices.

According to Prime Database Group, there have been 18 mainboard IPOs so far in 2026, raising a combined ₹18,778 crore, but Goel hinted at a potential surge in the second half of the year. "Last year, too, we saw only 18 mainboard IPOs in the first half of the calendar year while 85 IPOs were done in the second half," Goel said. Major IPOs expected to hit the market in 2026 include those of Zepto, Reliance Jio, NSE, and Manipal Hospitals.