Uniqus Consultech, in partnership with the Indian Venture and Alternate Capital Association (IVCA), today launched the report “India IPO & Capital Markets Outlook” at the IVCA Conclave 2026 in Mumbai. The report provides a comprehensive analysis of India’s evolving capital market landscape, attractiveness of India as an investment destination, IPO trends, ownership patterns, and key aspects in the offer document from a regulatory lens.
The report unveiled by Jamil Khatri, Co-Founder & CEO, Uniqus Consultech, and Rajat Tandon, President, IVCA, examines how India’s capital markets are undergoing a structural transformation driven by strong domestic participation, robust fundraising activity, and increasing global investor interest.
India’s IPO market in 2025 remained resilient despite global volatility, raising Rs 1.76 lakh crore, up 10% over 2024, with 63% of proceeds from OFS and 37% from primary issuances. Market ownership is also shifting structurally, with DIIs holding approximately Rs 88 lakh crore in NSE-listed companies compared to about Rs 78 lakh crore by FIIs, while India’s overall market capitalisation has nearly doubled from Rs 229 lakh crore in July 2021 to Rs 477 lakh crore in 2025.
The analysis also indicates that IPO proceeds were largely deployed to strengthen financial positions and support core operations:
The pipeline also remains strong, with around 200 draft offer documents filed with SEBI, representing a potential issuance of over Rs 1.81 lakh crore, supported by healthy domestic liquidity and a stable macroeconomic environment.
Commenting on the report launch, Raghuram K, Partner – Accounting & Reporting Consulting (ARC), Uniqus Consultech, said, “The findings highlight how India’s capital markets are evolving from being primarily a growth story to becoming a structural valuation story. Strong domestic participation, deepening institutional ownership and a robust IPO pipeline are collectively strengthening the resilience and maturity of India’s equity markets.”
Source: Finance Outlook India
