<p>India’s IPO market in FY2025–26 showed strong activity across both Mainboard and SME segments. There were <strong>113 Mainboard IPOs that raised Rs 1,91,644.50 crores,</strong> compared to 82 IPOs and Rs 1,82,460 crores in FY2024–25. In the SME space, <strong>259 IPOs raised Rs 11,711.55 crores,</strong> against 242 IPOs and Rs 9,961 crores in the previous year. While <strong>60.18% of Mainboard IPOs and 59.07% of SME IPOs listed with gains,</strong> the last quarter saw some pressure due to geopolitical tensions and market volatility.</p>