IPO pipeline strong with 245 DRHPs filed with Sebi, 175 obtain observations: Equirus
In its newest Fairness Capital Markets Tracker – June 2026 report, Equirus Capital stated India’s fairness capital markets proceed to exhibit resilience amid international uncertainties, supported by sturdy home investor participation, a wholesome pipeline of firms getting ready to go public and enhancing market sentiment.
Out of the whole 245 DRHPs which were filed with the market regulator, 70 draft papers are awaiting observations whereas 39 are scheduled to run out by September, 45 by December and the remaining 91 thereafter, the report added.
How India’s IPO market carried out in June
June was a busy month for IPO buyers, displaying indicators of restoration after a interval of moderation, aided by easing macroeconomic uncertainty following the US-Iran ceasefire framework, the report famous, including that whereas issuance volumes stay under the height witnessed in September 2025, issuers have progressively begun returning to the main market as market situations stabilised.
This got here on the again of resilient home investor participation. Month-to-month SIP inflows remained near Rs 31,000 crore by means of June, in contrast with Rs 28,464 crore a 12 months earlier, serving to cushion overseas institutional investor (FII) outflows, which widened to round $5 billion throughout the month whilst broader threat sentiment improved, the report stated.
Taking a look at broader market tendencies, Equirus famous that FY26 marked the strongest 12 months for India’s IPO market over the previous three monetary years when it comes to each the variety of points and capital raised. Whereas subscription multiples moderated from the exceptionally excessive ranges recorded in FY25, investor urge for food remained wholesome, it stated. The Rs 1,000-1,500 crore IPO phase delivered the strongest itemizing efficiency throughout FY26, indicating a rising choice amongst buyers for firms with stronger earnings visibility over smaller, sentiment-driven choices, it added.Additionally learn | Vijay Kedia sells 4 lakh shares of this microcap facade maker in Q1, inventory down 35% in 6 months. Do you personal?
Which sectors see greatest fundraising?
Sector-wise, Equirus in its report recognized media, client and healthcare (MCH) as the most important fundraising phase over the past 12 months, mobilising greater than Rs 1.12 lakh crore, adopted by industrials at round Rs 82,800 crore and BFSI at over Rs 71,300 crore.
Apparently, it famous that whereas fundraising throughout MCH, BFSI and industrials was largely pushed by Provide for Sale (OFS) transactions, the infrastructure sector recorded the best proportion of contemporary points, with practically 72% of funds raised by means of contemporary points, reflecting continued demand for development capital. In distinction, IT or telecom remained probably the most monetisation-led phase, with practically 79% raised by means of OFS.
This got here amid the rising position of institutional buyers in supporting the first market, based on Equirus. International Portfolio Buyers (FPIs) invested Rs 40,396 crore by means of anchor books over the previous 12 months, making them the most important anchor investor class, carefully adopted by mutual funds at Rs 36,439 crore. Insurance coverage firms invested Rs 8,456 crore whereas monetary establishments and banks contributed Rs 7,565 crore, reflecting broad-based institutional participation in IPOs, it stated.
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Past IPOs…
Past the first market, Equirus highlighted that Indian equities outperformed a number of main international markets throughout June 2026. The benchmark index Nifty 50 delivered a 2.07% month-to-month return, outperforming markets such because the US and China, supported by easing geopolitical tensions and steady home macroeconomic situations.
General, the report indicated {that a} mixture of resilient home liquidity, sustained institutional participation and a sturdy IPO pipeline offers a constructive backdrop for India’s fairness capital markets within the months forward.
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Occasions)
