IPO Rush in India Defies US Tariff Concerns Amid Robust Market Sentiment

India's primary market witnessed a surge in IPO activity during August, with 43 companies raising ₹17,252 crore despite escalating US trade tensions. The SME segment saw a 6% increase in fundraising to ₹1,345 crore across 28 listings—a yearly record—while mainboard offerings climbed to 15 issuances.

Year-to-date totals now stand at 215 IPOs, with SMEs dominating at 162 listings. Analysts attribute the momentum to systemic liquidity and growing investor risk appetite. Kush Gupta of SKG Investment & Advisory predicts the SME IPO bull run could persist for 18-24 months.

A strong pipeline awaits, including high-profile debuts from Groww, Tata Capital, and PhonePe. The trend underscores India's decoupling from global macroeconomic headwinds as domestic capital markets deepen.