Equity fundraising activity gained significant momentum in July, with overall equity fundraising increasing 163% month-on-month to Rs 1.1 lakh crore, up from around Rs 43,000 crore in June, according to the NSE Market Pulse report for August.

Key Highlights

• Equity fundraising surged 163% month-on-month to Rs 1.1 lakh crore in July, led by IPO recovery.
• Preferential issuances rose to Rs 1.4 lakh crore in FY27's first four months, up from Rs 53,000 crore.

The sharp rise was led by a recovery in IPO mobilisation alongside a surge in further issuances. Nineteen companies were listed during July, raising around Rs 18,600 crore, with mainboard listings accounting for the bulk of the proceeds.

According to the report, IPO listing-day performance also improved during the month, with around 85% of Main Board IPOs debuting at or above their issue price. Retail investor participation in Main Board IPOs increased during the month, even as the share of Qualified Institutional Buyers (QIBs) moderated.

Preferential Issuances Lead Fundraising Surge

Fundraising through further issuances rose sharply in July, driven primarily by preferential issuances. The report noted that fundraising through further issuances rose 209% month-on-month to Rs 93,400 crore in July.

Of the total further issuances, preferential issuances accounted for 68%, while Qualified Institutional Placements (QIPs) made up the remaining 32%. Preferential issuances have increasingly gained prominence as a preferred route for equity share sales and equity mobilisation among Indian companies.

The report highlighted that fundraising through preferential issuances rose significantly to Rs 1.4 lakh crore in the first four months of FY27, up sharply from Rs 53,000 crore during the corresponding period last year. This trend points to a greater corporate preference for preferential issuances over QIPs and rights issuances as a route for equity raising, according to the report.

Rise Comes Despite Continued Global Uncertainty

The sharp increase in equity mobilisation came despite continued global uncertainties weighing on broader market sentiment. The NSE report noted that the rise indicated an improvement in overall sentiment, even as markets continue to monitor global headwinds with caution.

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Total Fund Mobilisation Drops 24% MoM to Rs 2.3 Lakh Crore

Total fund mobilisation across equity, debt and business trusts declined 24% month-on-month to Rs 2.3 lakh crore in July 2026, down from Rs 3.1 lakh crore in June, primarily due to a sharp moderation in debt issuances during the month.

Debt issuances fell 54% month-on-month to Rs 1.2 lakh crore. Within the debt segment, Commercial Paper issuances stood at around Rs 70,000 crore, down 63% month-on-month, while privately placed non-convertible debentures accounted for around Rs 49,000 crore, down 30% month-on-month.