India’s Great IPO Rush: How Much Is Too Much?
India’s IPO market has hit the accelerator. After just 27 mainboard IPOs in the first half of 2026, July-September alone is seeing 61 issues worth roughly ₹88,000 crore. And the pipeline is staggering: 148 companies with SEBI approvals worth ₹2.8 lakh crore are waiting to tap the market. Anirban Chowdhury speaks with ET markets editor Nishanth Vasudevan about what triggered the boom, whether Jio could suck liquidity from other issues, why smaller IPOs are still finding buyers, whether mega listings signal a market top, and whether foreign investors could finally return to India.
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The skinny
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