US-Iran peace deal could revive India’s IPO market in the second half

Investment bankers expect India's IPO market to revive in the second half of 2026, driven by easing geopolitical tensions following a US-Iran peace deal and falling crude oil prices. Marquee listings in the pipeline include National Stock Exchange, Manipal Health Enterprises, Jio Platforms, Zepto, SBI Mutual Fund and Razorpay, with over 70 companies having filed draft prospectuses and nearly 150 holding SEBI approval. So far this year, 22 IPOs have raised Rs 21,650.17 crore, while SEBI has also extended the validity of observation letters to support issuers.