Citi’s India IPO pipeline ‘largest on record’

India’s overall IPOs are expected to hit between US$15b to US$20b through Q3 2026.

Citi said that its India initial public offering (IPO) pipeline is “the most active it has seen.”

“The pipeline is the largest on record, across domestic and international names and industries. India is likely to be one of the world’s most active equity capital markets over the next year,” said Harish Rahman, Citi’s head of Asia North, Australia & Asia South ECM Execution and Solutions.

Rahman expects Citi’s pipeline to grow further as well.

The megabank expects India’s overall IPO volumes to hit US$15b to US$20b over the next 12 months. Activity is recorded in the sectors of tech, consumer and healthcare.