Investment banks earn Rs 2,274 crore from 81 mainboard IPOs in 2026
Investment banks generated fees totaling ₹2,274 crore by managing 81 mainboard Initial Public Offerings (IPOs) during the initial nine months of 2026. This figure marks a significant increase in both earnings and the total amount raised compared to the previous year. The September quarter alone saw approximately ₹1,600 crore in fees, indicating a robust recovery in the primary market activity.
What this means
This strong performance in the IPO market reflects healthy capital market activity, benefiting investment banking divisions of universal banks. It suggests robust appetite for new listings, potentially leading to more fee income opportunities for banks involved in underwriting, advisory, and syndication services.
Most affected: Investment banking divisions
Key takeaway: Capitalise on the strong primary market by enhancing IPO-related advisory and syndication services for corporate clients.
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