India’s equity markets are experiencing one of their most vibrant phases in recent years. Fundraising activity through Qualified Institutional Placements, block deals and public offerings has reached record highs, and experts believe this momentum is far from slowing down. According to JM Financial, the strong appetite for equity instruments is being fuelled by a combination of domestic liquidity, the rise of systematic investment plans and increasing interest from global investors.
Neha Agarwal, Managing Director and Chief Executive Officer of Equity Capital Markets at JM Financial Institutional Securities, explained that India is entering a new phase where traditional financial metrics are no longer the only criteria for investors. Instead, growth potential, scalability and the ability to disrupt existing markets are shaping investment decisions. Unicorns that are realistic in pricing and maintain transparency are expected to thrive in the public markets. JM Financial itself has played a key role in this surge, having helped raise over Rs 4650 crore through Qualified Institutional Placements this year alone.
The sectoral themes driving investor confidence are closely tied to India’s growth story. The renewable energy sector has become a focal point, as global investors seek companies aligned with sustainable growth. Real estate, financial services and manufacturing are also witnessing strong traction, with companies boasting healthy cash flows and strong governance receiving enthusiastic support. The shift reflects not only optimism about India’s macroeconomic stability but also growing confidence in the depth and maturity of its capital markets.
Companies across industries are turning to the equity markets to fuel expansion and strengthen their balance sheets. Infrastructure and manufacturing firms are raising funds to push capital expenditure, while businesses with high leverage are using equity issues to reduce debt and create room for further growth. This surge has been supported by robust secondary markets and the growing pool of domestic savings channeled through mutual funds. The rising popularity of systematic investment plans has amplified liquidity in the market, creating a strong foundation for continued capital raising.
Beyond IPOs, there has also been remarkable growth in block deals and Qualified Institutional Placements. QIPs in particular have become a preferred route, offering flexibility and regulatory clarity. Indian firms raised a record 16.7 billion dollars through QIPs in the last financial year, marking a significant jump from previous years. In the current year itself, companies have already raised more than 4.8 billion dollars, with landmark deals such as Capri Global’s 2000 crore issue and Syrma’s 1000 crore issue managed by JM Financial. These transactions have been strongly backed by mutual funds and insurance companies, giving issuers greater confidence to approach the market.
The surge is also opening up new opportunities for investment products. Experts at JM Financial highlight that Real Estate Investment Trusts and Infrastructure Investment Trusts are gaining traction among investors seeking diversified exposure. Such instruments are expected to become a major component of future fundraising strategies as India’s capital markets expand in both scale and sophistication.
The momentum of India’s IPO market is equally impressive. Several unicorns are preparing to go public, and regulatory steps by the Securities and Exchange Board of India are helping enhance frameworks for large issuances. Investors have shown a clear preference for liquidity and scale, with large public issues finding eager participation from both retail and institutional segments. This resilience indicates that India’s markets are well-positioned to absorb multi billion dollar transactions in the coming years.
Neha Agarwal summed up the journey of JM Financial by noting that the firm has evolved from being an execution driven platform to becoming a trusted partner in strategy and advisory. The confidence shown by issuers and investors alike reflects the growing stature of India’s capital markets on the global stage.
As fundraising momentum continues to accelerate, it is clear that India is emerging as one of the most attractive destinations for capital formation. The combination of domestic liquidity, regulatory support, entrepreneurial ambition and global investor confidence is ensuring that India’s equity story remains stronger than ever.
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