India IPO Filings Defy Stock Downturn With Near-Record March
India notched its second-highest month ever in filings for initial public offerings, even as broader equity markets remained subdued and investor sentiment stayed cautious.
About 30 companies filed draft prospectuses with the market regulator in March, seeking to raise roughly 600 billion rupees ($6.3 billion), according to data from Prime Database and NSE. That trails only July 2025, when 32 firms sought about 670 billion rupees.