Indian IPOs have raised about ₹1.67 lakh crore in 2026 so far, across 113 issues. Only about a quarter of that was fresh money that went to the company alone. This IPO market trend check uses IPO Guru's own records up to 10 November.
Where did the money come from each month?
The year was quiet until July. Then it jumped. September had the most issues, and October raised the most money.
| Month | Issues | Money raised (₹ crore) |
|---|---|---|
| January | 3 | 4,767 |
| February | 7 | 8,182 |
| March | 9 | 11,788 |
| April | 3 | 396 |
| May | 2 | 4,331 |
| June | 6 | 2,548 |
| July | 11 | 26,728 |
| August | 22 | 23,051 |
| September | 35 | 40,585 |
| October | 14 | 44,610 |
| November (so far) | 1 | 183 |
October had far fewer issues than September, yet it raised more. That is because of size. Jio Platforms closed on 23 October and alone raised ₹30,188 crore.
How much was fresh issue and how much was OFS?
In a fresh issue, the company sells new shares and gets the money. An OFS means current shareholders sell their shares, so the company receives no money. Many IPOs do both, which we call mixed.
| Sale type | Issues | Money (₹ crore) | Share of total |
|---|---|---|---|
| Fresh issue only | 28 | 42,616 | 25.5% |
| Entirely an OFS | 13 | 43,195 | 25.8% |
| Mixed | 61 | 69,905 | 41.8% |
| Sale type not stated | 11 | 11,455 | 6.9% |
Mixed issues are the most common and raised the most. The surprise is the OFS row. Just 13 issues were entirely an OFS, yet they took about as much money as all 28 fresh-only issues.
Why do a few big issues change the picture?
Size explains it. Two issues stand out. Jio Platforms was a fresh issue. NSE was entirely an OFS, and it closed on 21 September.
| Issue | Size (₹ crore) | Sale type | Closed |
|---|---|---|---|
| Jio Platforms | 30,188 | Fresh | 23 October |
| NSE | 22,562 | OFS | 21 September |
| SBI Funds Management | 9,795 | OFS | 16 July |
| Manipal Health Enterprises | 9,275 | Mixed | 31 July |
| Raajmarg Infra Investment Trust (InvIT) | 6,000 | Not stated | 13 March |
Together, Jio and NSE account for about ₹52,749 crore. That is nearly a third of everything raised this year. Without Jio, the fresh-only row would be about ₹12,428 crore, not ₹42,616 crore.
NSE alone is more than half of the entirely-OFS money. SBI Funds Management is another big part of it.
What our data shows
The year's total depends heavily on a handful of very large issues. A typical issue raised far less than the averages suggest. Debt repayment is listed as a use of money in 61 of the 113 issues.
What happens next
November has only one issue so far, worth ₹183 crore. We will update this view as new issues open. You can track dates on the IPO calendar, see how past listings did on the IPO performance page, and read our earlier look at the Samvat 2082 fundraising record.
