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India IPO pipeline seen improving in second half of 2026
BofA Securities expects 2026 fundraising to catch up with 2025 levels, citing a pipeline including listings such as Jio Platforms and other postponed deals.
India’s initial public offering market is set for a busier second half of 2026, with large deals in the pipeline and more multinational corporations pursuing listings of local subsidiaries, according to an interview with Mandar Donde, head of India corporate and investment banking at BofA Securities, as reported by LiveMint Markets.
Donde said IPO activity has been lower so far in 2026 than in 2025, but upcoming supply could make up the shortfall. He added that some companies postponed their plans earlier due to market volatility, and that pipeline supply is also expected to extend into early next year.
LiveMint Markets cited Prime Database data showing that in 2026, about 59 companies have raised ₹72,078 crore as of 22 August. For comparison, about 103 companies had raised ₹1.75 lakh crore through 2025.
BofA Securities’ role in recent Indian fundraising includes involvement in SBI Funds Management’s $1 billion IPO, Shiprocket’s $170 million IPO, and Ather Energy’s $135 million qualified institutional placement, LiveMint Markets reported. For upcoming listings, the bank is an advisor for Jio Platforms, expected to take place over the next quarter, and it is also among bankers mandated for planned IPOs by Moneyview and Square Yards, the outlet added.