India’s primary market continues to show strength as multiple tech and consumer companies prepare to launch public offerings in Q4 FY25-26. Strong venture backing and liquidity inflows have kept the IPO pipeline active despite volatile secondary markets. Retail participation has risen by over 25% YoY while anchor investor allocations remain steady across mid-sized deals. Market observers expect favorable subscription levels in upcoming listings from growth-stage tech startups and manufacturing companies benefiting from India’s domestic demand cycle.