Summary of this article
Over 250 IPOs in the pipeline for FY27, aiming to raise Rs 1.75 lakh crore, says BSE management
IPO activity slowed since April due to West Asia crisis, and valuation concerns
Sebi has extended IPO observation letter validity till Sept 30, 2026, giving firms more flexibility to time listings
More than 250 companies are waiting in BSE’s initial public offering (IPO) pipeline, that are expected to collectively raise up to Rs 1.75 lakh crore in FY27, according to the exchange’s management.
"As we enter FY27, the IPO pipeline remains robust with more than 250 active applications to raise Rs. 1.75 lakh crores, reinforcing our position as a leading global fundraising venue," said Anand Sethuraman, head of investor relations, BSE.
Sethuraman also claimed that BSE emerged as the world’s top exchange by number of IPO listings during the year, with 255 companies listed across the mainboard and SME platforms, collectively raising Rs 1.80 lakh crore. “This represents a continuation of the strong momentum seen in recent years, but FY26 stands out as the highest ever both in terms of number of issuers and funds mobilised,” he said.
West Asia Crisis Keep IPO Activity Subdued
India’s IPO market has slowed after a strong start to 2026, as many companies are delaying their public issues and waiting for market conditions to improve. Weak investor sentiment and concerns over valuations have made firms more cautious about launching IPOs.
In the first four months of 2026, 18 companies launched mainboard IPOs and together raised Rs 18,928 crore, higher than the Rs 15,723 crore raised in the same period last year. In the SME segment, 45 companies raised Rs 2,133 crore.
However, IPO activity weakened from April onward. Only one mainboard IPO hit the market in April and it raised just Rs 150 crore, as geopolitical tensions in West Asia hurt investor sentiment. So far in May, one mainboard IPO has raised Rs 926 crore, while one real estate investment trust (Reit) issue mobilised Rs 3,405 crore.
When Will IPO Activity Resume
Under Securities and Exchange Board of India's (Sebi) regulations, companies planning to go public can use financial statements that are not older than six months in their draft red herring prospectus (DRHP). As a result, firms that filed IPO papers using December-quarter financials would typically need to launch their issues by June.
However, amid weak market conditions and geopolitical tensions in West Asia, Sebi earlier this month granted a one-time extension to IPO observation letters that were due to expire between April 1 and September 30, 2026. The regulator extended the validity of such approvals till September 30, 2026.
