Securities and Exchange Board of India (SEBI) has projected that the country’s initial public offering (IPO) market could raise close to ₹2 lakh crore in the coming years. This estimate reflects the growing importance of fresh capital inflows and the rising confidence of investors in Indian markets.
In the current financial year, companies have already mobilised around ₹60,000 crore through IPOs. Notably, more than half of this amount has come as fresh capital directly into businesses, rather than going to existing shareholders. This marks a shift in the way IPOs are being used, with companies now relying more on public markets to fund expansion and innovation.
India’s equity market has reached a size of nearly $5 trillion, underlining its growing strength globally. Over the past decade, the capital market has mobilised nearly ₹100 lakh crore through equity and debt issuances. The corporate bond market too has expanded significantly, with outstanding bonds rising to ₹61 lakh crore compared to ₹20 lakh crore in 2015–16.
Investor participation has also grown sharply. Domestic investors now number around 149 million, while mutual fund assets have almost tripled to ₹87 lakh crore in five years. Foreign portfolio investors remain active, holding assets worth $818 billion and turning net buyers in recent months.
SEBI’s reforms have simplified IPO processes, making them faster and more transparent. With strong domestic participation and renewed foreign interest, India’s capital markets are set to play a bigger role in driving corporate growth and national development.
