Author: Nishtha Mehrotra | EQMint
India’s IPO market continued to attract strong fundraising in September even as the broader stock market faced a sharp sell-off, highlighting the contrasting fortunes of the country’s primary and secondary markets.
India’s benchmark Nifty 50 fell about 6.1% in September, while the Sensex declined 5.8%, marking another difficult month for equities. Foreign investors also pulled around $2.7 billion from Indian stocks during the month.
Despite this backdrop, India’s IPO market maintained strong momentum. Listing proceeds crossed $9 billion in the July-September quarter, the highest ever for a third quarter, taking total IPO fundraising in 2026 above $13 billion, according to Bloomberg data.
Large offerings, including those from NSE, SBI Funds Management and Manipal Health Enterprises, helped drive the quarter’s fundraising. Strong domestic liquidity and institutional demand have allowed companies to access capital markets even as investors have become more selective on valuations.
Disclaimer: This article is for information purposes only and is not investment advice.
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