India's IPO pipeline for 2026 reaches Rs 2 lakh crore, with over 190 companies awaiting or cleared for listing, signaling a strong fundraising cycle that may continue well into 2026.

India's IPO pipeline for 2026 is expected to reach a record Rs 2 lakh crore, with over 190 companies either cleared or awaiting regulatory clearance. The pipeline includes technology platforms, financial services firms, and consumer-facing businesses. While the average listing-day returns have fallen to 9.4%, the fundamentals and business growth are now more important for companies planning to go public.