毕马威：2025-2026年印度首次公开募股（IPO）市场分析报告（英文版）（15页）.pdf

1、IPOsFY 2025-26in IndiaKPMG.Make the Difference.May year marked a historic milestone for Indias primary equity markets with 108 companies raising INR 1.76 trillion through IPOs(Initial public offer).This continued momentum from last year reflects the broadening issuer base as well as growing depth of

2、 Indian capital markets.Private equity(PE)backed listings increased significantly to 35 per cent of total issuances from 28 per cent in FY 2024-251,signalling accelerated exit activity by promoter investors amid favourable market conditions.However,the average listing day gains in the current year d

3、eclined sharply to 8 per cent from 28 per cent in the previous year1 indicating a more cautious and selective approach adopted by subscribers to fresh issues.From a sector perspective,more than half of the capital raised was concentrated in financial services and consumer discretionary sectors.Altho

4、ugh,FY 2025-26 witnessed record breaking activity in IPOs,funds raised remained at similar levels as previous year.Amid global volatility impacting equity markets,investor sentiment continued to lean towards quality driven issuances with pricing discipline playing central role.Overall,we are witness

5、ing our primary equity markets transition from an exuberance led capital raising wave to a more mature value-driven capital flow.Executive summarySource:1 1KPMG in India analysis based on data from SEBI,NSE,BSE;IPO data for mainboard listing only2IPOs in India Q3 FY26 2026 KPMG Assurance and Consult

6、ing Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.IPO Action in FY 2025-26108New listings59%Funds raised