Mumbai

Fund mobilisation in India’s domestic stock market remained strong in the current financial year, with 83 companies collectively raising Rs 1.3 lakh crore till November in FY26, according to a report released by the National Stock Exchange (NSE).

The report said the fundraising momentum was supported by several marquee initial public offerings (IPOs) that debuted during the period. On the mainboard alone, companies raised Rs 1.3 lakh crore, of which 41 per cent came from fresh equity issuance and 59 per cent through Offers for Sale (OFS).

Fresh equity issues involve companies creating and selling new shares, with the proceeds going directly to the firm for business expansion, new projects or debt reduction. In contrast, OFS transactions allow existing shareholders, such as promoters or early investors, to sell their holdings to the public.

According to the NSE, the newly listed companies together now command a combined market capitalisation of over Rs 10 lakh crore, reflecting both the scale of recent listings and the growing depth of India’s capital markets.

Investor participation trends also showed notable shifts. Retail investor participation strengthened to 25 per cent, signalling rising interest among individual investors in primary market offerings. At the same time, the share of qualified institutional buyers (QIBs) moderated during the period, the report noted.

The NSE also highlighted sustained momentum in the SME segment through its Emerge platform. During FY26 so far, 80 companies were listed on Emerge, raising a total of Rs 3,911 crore. Nearly 95 per cent of this amount was mobilised through fresh equity, underscoring the platform’s importance in providing growth capital to small and medium enterprises.

The report added that recent regulatory measures have further strengthened India’s listing ecosystem. These include a reduction in the minimum public offering requirement, extended timelines for achieving minimum public shareholding for large entities, streamlined migration norms for SMEs moving from the Emerge platform to the mainboard, and enhanced disclosure requirements.

Overall, the NSE concluded that robust fundraising activity, rising retail participation and supportive regulatory reforms continue to reinforce the role of India’s capital markets in driving long-term economic growth and corporate expansion.