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Equity listings run out of steam
Financial Express Mumbai
|January 22, 2026
VOLATILE SECONDARY MARKET, WEAK SENTIMENT DELAY SEVERAL BIG-TICKET LISTINGS
THE INITIAL PUBLIC offering (IPO) market has seen a quiet start to this year due to heightened volatility with a downward bias in the secondary market that impacted investor appetite.
According to Prime Database, in December and January, six IPO-bound companies either allowed their Securities and Exchange Board of India (SEBI) approvals to lapse or withdrew their draft documents. These include the ₹6,000-crore IPO of Inox Clean Energy and the ₹1,700-crore issue of Infifresh Foods.
In December, India’s benchmark indices, along with the BSE Mid-Cap index, ended a three-month gaining streak and declined, while the Small Cap index logged its second consecutive monthly fall. So far in January, the Sensex has dropped 4% and the BSE Small-Cap 8%.
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