Equity fundraising jumps 163% MoM to ₹1.1 lakh crore in July: IPO revival, preferential issues drive surge
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Equity fundraising activity gained momentum in July, with overall equity fundraising increasing 163% month-on-month to ₹1.1 lakh crore, from around ₹43,000 crore in June, according to the NSE Market Pulse report for August.
The sharp rise was led by a recovery in IPO mobilisation and a surge in further issuances. Nineteen companies were listed during July, raising around ₹18,600 crore, with Main Board listings accounting for the bulk of the proceeds.
As per the report, listing-day performance also improved during the month, with around 85% of Main Board IPOs debuting at or above their issue price. Retail investor participation in Main Board IPOs increased, while the share of QIBs moderated.
Preferential issuances lead fundraising
Fundraising through further issuances rose sharply in July, driven primarily by preferential issuances. “Fundraising through further issuances rose 209% MoM to ₹93,400 crore in July,” the report said.
Of the further issuances, preferential issuances accounted for 68%, while QIPs made up the remaining 32%. Preferential issuances have also gained prominence as a route for equity mobilisation.
“Fundraising through preferential issuances rose significantly to ₹1.4 lakh crore in the first four months of FY27, up from ₹53,000 crore during the corresponding period last year,” the report said.
The trend highlights “a greater corporate preference for preferential issuances over QIPs and rights issuances for equity raising,” according to the report.
The sharp increase in equity mobilisation came despite continued global uncertainties. The NSE report said the rise “indicat[ed] an improvement in sentiment even as markets continue to monitor global headwinds with caution.”
Total fund mobilisation drops 24% MoM to ₹2.3 lakh crore
Total fund mobilisation across equity, debt and business trusts declined 24% month-on-month to ₹2.3 lakh crore in July 2026, from ₹3.1 lakh crore in June, primarily because of a sharp moderation in debt issuances.
Debt issuances fell 54% MoM to ₹1.2 lakh crore. Within the debt segment, Commercial Paper issuances stood at around ₹70,000 crore, down 63% MoM, while privately placed non-convertible debentures accounted for around ₹49,000 crore, down 30% MoM.