IPOs in 2026, Nov. 27 -- With investor sentiment holding firm and market fundamentals healthy, 2026 is shaping up to be another significant year for India's primary market landscape. Equirus Capital projects fundraise by initial public offerings (IPOs) to hit $20 billion ( Rs.1.78 lakh crore) with several marquee names like Reliance Jio, National Stock Exchange and Oyo expected to launch their share sales.

Given the massive capital raised in the last five years, the continued strength of the IPO market highlights the sustained depth of investor demand.

Between 2020-2025, companies raised Rs.5.39 lakh crore via IPOs, surpassing Rs.4.55 lakh crore raised in the 20 years before, despite the number of public offers being nearly half.

Expec...