India's IPO pipeline set at ₹3.86 lakh crore for H2 2026

India's IPO market is surging in H2 2026 with a pipeline of ₹3.86 lakh crore — nearly 3.5x the amount raised in H1. SEBI has cleared 130 IPOs worth ₹2.43 lakh crore, while ₹1.44 lakh crore awaits approval. Another 75 companies are at DRHP stage, with 250 registered merchant bankers facilitating listings.