Rs 1.5 lakh crore behind 2025! Can Jio, NSE and other mega IPOs put 2026 on course for another record year?

Three mega IPOs - Reliance Jio (around Rs 35,000 crore), NSE (around Rs 25,000 crore), and SBI Mutual Fund (around Rs 10,000 crore) - could collectively raise nearly Rs 70,000 crore and potentially revive India's primary market in 2026. Analysts say the IPO pipeline is at its strongest ever, with the challenge being weak investor demand due to secondary market volatility rather than a shortage of issuers. Even with these marquee offerings, the market would need additional large IPOs to match the record Rs 1.76 lakh crore raised in 2024.