Whalesbook
Toh hua kya hai ki, India ke IPO market ne 2018 ke baad se ab tak ka sabse jabardast Q1 record kiya hai. Total $2.5 billion fund raise hue hain! Yeh pichle saal se 7.8% zyada hai. Aur yeh sab mushkil time mein hua hai, jab Nifty 50 mein March 2026 mein 11.36% ki girawat aayi thi, woh bhi US-Iran conflict ke baad jisse oil prices $100 ke paar chali gayi thi. Global equities bhi Q1 2026 mein lagbhag 3% neeche giri hain. Lekin Indian IPO market ne sabko piche chhod diya, worldwide IPO proceeds ka lagbhag 8% yahi se aaya. Emerging Markets toh 0.1% tak gir gaye the!
Aur baat yahi nahi rukti! Aage ka scene bhi ekdum bright dikh raha hai. Lagbhag 192 companies public market mein aane ke liye ready hain, jo milakar ₹2.5 lakh crore raise karne ka plan kar rahi hain. Jinmein se 88 companies ko approval mil gaya hai ₹1.16 lakh crore raise karne ka, aur baaki 104 abhi clearance ka wait kar rahi hain ₹1.4 lakh crore ke liye. Yeh sab 2025 ke record ke baad ho raha hai, jab ₹1.78 lakh crore raise hue the. Analysts expect kar rahe hain ki H2 2026 mein ₹4 lakh crore tak ka fund raise ho sakta hai, kyunki trade situation improve ho rahi hai aur government policies bhi supportive hain. Waise bhi, saal ka doosra half (H2) hamesha stock market ke liye zyada active rehta hai.
Par bhai, sab kuch itna hi smooth nahi hai. Kuch challenges bhi hain. Nifty 50 abhi apne average P/E ratio 21.2x ke aas paas trade kar raha hai, matlab zyada bade upside ke liye earnings growth badhna padega. Middle East ki tensions bhi market ko volatile kar sakti hain. 2025 mein jo IPOs aaye the, unmein 63% se zyada OFS (Offer For Sale) the, matlab promoters aur PE funds apna stake bech rahe the, na ki companies ko naye funds chahiye the. Ab market 'profitability premium' ko zyada importance de raha hai; 2025 ke 55% startup IPOs issue price se neeche trade kar rahe hain. Haan, Private Equity Market Q1 2026 mein $3.83 billion ke saath rebound hua hai, par overall uncertainty abhi bhi hai.
Fir bhi, analysts kaafi optimistic hain. Kaafi strategic growth plans, local liquidity aur company profits improve hone ki wajah se. Agar companies apne valuations mein discipline rakhti hain aur secondary market stable rehti hai, toh aane wale saal India ke IPO market ke liye bahut bade ho sakte hain, jahan company fundraising aur maturity dono badhengi.