India's primary market has entered a historic expansion phase, with 2025 closing as a record-breaking year for public listings. Total fundraising through mainboard IPOs reached an all-time high of **1.76 lakh crore**, marking a **10% increase** over the previous record set in 2024. The momentum remains exceptionally high as we move into early 2026. Domestic stock exchanges now demonstrate the depth and liquidity required to fund "jumbo" listings that previously sought international markets. This shift is exemplified by landmark issues such as Hyundai Motor India and Swiggy, which paved the way for a massive pipeline of upcoming offerings. Current data shows over **247 companies** have draft documents (DRHPs) filed or awaiting approval with SEBI. In the first half of 2025 alone, **118 new draft papers** were submitted, more than double the volume seen in the same period a year prior. This surge indicates that promoters and private equity funds remain highly bullish on long-term valuation prospects. New-age technology and SaaS companies are spearheading this growth. In 2025, **18 tech startups** successfully listed, raising over **41,283 crore**. This sector is becoming more mature, with a notable shift toward companies showing clear paths to profitability. Fintech and e-commerce continue to dominate, while newer segments like quick commerce and electric vehicles are gaining rapid traction. Valuations have undergone a necessary recalibration. While 2024 saw average listing gains of **30%**, that figure moderated to approximately **10%** in 2025. Investors have become increasingly selective, focusing on business quality and cash flow predictability rather than speculative growth. This "realistic pricing" trend is helping stabilize the market and prevent overheating. Private equity and venture capital exits are a major driver of current activity. Offer for Sale (OFS) components accounted for roughly **45%** of total IPO proceeds last year. Promoters and early-stage backers are utilizing the current market strength to monetize holdings, with nearly **1 lakh crore** in shares sold through these exits. Retail participation remains a cornerstone of the Indian market. While individual application sizes have moderated slightly, the total number of retail investors has surpassed **108 million**. Significant SIP inflows and robust domestic institutional demand provide a strong floor for new issuances, even during periods of global volatility. The outlook for 2026 points toward another blockbuster year. Heavyweights like Reliance Jio, OYO, and PhonePe are among the marquee names expected to hit the floor. With the Indian economy projected to grow above **6%**, the IPO ecosystem is structurally positioned to absorb annual primary issuances of up to **2%** of the total market capitalization. [India's IPO Market Trends](https://www.youtube.com/watch?v=VjrV92p67u0) This video provides a comprehensive breakdown of the record-breaking 2025 IPO season and offers expert projections for the major listings expected throughout 2026. http://googleusercontent.com/youtube_content/0