Zepto leads $6.3B India share-sale wave as retail IPO pipeline reignites
India's primary market is thawing with roughly $6.3 billion in share sales queued over the next two months, headlined by Zepto's updated $1 billion IPO filing alongside NSE, SBI Funds, LIC and others. The surge follows a subdued H1 FY26 and signals renewed appetite for consumer and retail-adjacent listings.
What happened
India's primary market is heating up with $6.3 billion in upcoming share sales, including Zepto's updated $1 billion IPO filing, signaling renewed dealmaking
Key facts
- $6.3 billion total
- Zepto $1 billion IPO
- NSE $2.5 billion
- SBI Funds 130 billion rupees
- LIC 100 billion rupees
- $3.5 billion IPOs YTD
Why this matters
Reopened IPO windows shift leverage toward sellers and could compress M&A multiples for retail-adjacent targets, so accelerate diligence on assets considering dual-track exits.