Why is the timing favourable?
Zerodha’s move also comes at a time when India’s primary market remains active despite bouts of volatility. After a record 2025, when 103 companies raised nearly ₹1.76 trillion through mainboard IPOs, the pipeline continues to be robust. As of May this year, 236 companies were in various stages of the IPO process, according to an Equirus Capital report, with firms across sectors, from consumer brands and fintech to manufacturing and logistics, preparing to tap the public markets. Recent and upcoming public issues include companies such as Turtlemint Fintech, Hexagon Nutrition, CMR Green Technologies and Pristine Logistics, while several marquee names such as Zepto, PhonePe, Reliance Jio, NSE and Tata Play are widely expected to tap the markets over the next few years.
