The current financial year is proving to be excellent for stock market investors. After the initial recession, the primary market has picked up so much momentum that all old records have been left behind. Between April and September 2026, 78 companies through mainboard IPOs raised a total of Rs. 94,205 crore has been collected. This figure is 35 percent higher than the same half last year. Interestingly, this half year had a very cold start, but later the market bounced back in a way that surprised everyone. In the same period last year, 65 companies made Rs. 69,533 crore was collected.

The real boom came in August-September

If we look at the data of Prime database, only Rs 3,794 crore was collected in the first three months. But by August the atmosphere had completely changed. An IPO in August raised Rs. More than 20,000 crores were collected. After this, in September, this figure crossed Rs 40,000 crore. Due to this increase, overall public equity fund raising also increased by 75 percent to Rs. 2.43 lakh crore has happened. In this, National Stock Exchange (NSE) Rs. 22,563 crore including the largest IPO. After this SBI Funds Management Rs. 9,795 crore, Manipal Health Enterprise Rs. 9,275 crore was raised. This time the average IPO size of companies is also Rs. 1,070 crore to Rs. 1,208 crores.

Small investors showed great enthusiasm

Retail investors have enthusiastically participated in this surge in the market. The subscription figures show how strong the demand was in the market. Out of a total of 64 IPOs, there were 42 that received over 10 times the bid. While 25 IPOs were subscribed more than 50 times. Another 9 IPOs were filled more than 3 times. As for applications from retail investors, it increased from 12.69 lakh to 17.71 lakh per IPO. A total of Rs. 2.47 lakh crore applied for the shares, though eventually they got Rs. 25,944 crore shares were allotted.

Investors got huge profits on the listing

It is not without reason that investors are so crazy about IPOs. The biggest reason for this is the excellent return on listing. The average listing gain of the 64 IPOs listed this time has been 19 percent, compared to just 7 percent in the first six months of last year. According to data till September 29, 46 out of 64 IPOs were trading above their issue price. Foreign investors (FPIs) are also picking up this market. On the one hand, they sell in the secondary market for Rs. 1.64 lakh crore, on the other hand they have sold Rs. 44,960 crore has been invested heavily.

Many big companies are standing in the pipeline

This money coming into the primary market is being used in many ways. 41 percent of the main IPO amount ie Rs. 38,510 crore was fresh capital. Of these, companies have invested 42 percent in repaying their old loans. Apart from this, private promoters have invested Rs. 26,048 crore worth of shares were sold. This brightness of the market is expected to continue in the future as well. Currently 145 companies have received approval from SEBI and around Rs. 2.78 lakh crore is preparing to raise. Apart from this, 102 companies are awaiting approval to raise Rs 1.87 lakh crore.