New Delhi, Nov. 26 -- India's IPO market is entering one of its most powerful phases yet. Between 2020 and 2025, companies raised about Rs.5,390 billion through public listings, more than what was mobilized in the entire two decades from 2000 to 2020, and with barely half as many issues. The pace, scale, and investor participation have surged, signalling a fundamental shift in how Indian companies tap public markets.

With 2026 approaching, that momentum isn't fading. A strong pipeline of companies across sectors is preparing to come out with their initial public offerings (IPOs), setting the stage for another milestone year for India's primary market.

Since its launch in 2016, Reliance Jio has fundamentally reshaped how India connects a...