IPOs could raise up to $25 billion in 2026, too, despite D-St caution

Mumbai: A clutch of large IPOs is expected to prop up India's primary market in 2026 even as market uncertainty slows down broader activity compared to the previous two robust years, said Ranvir Davda, co-head of investment banking at HSBC India. "The number of deals may come down, but the size and aggregate value may still be similar (to the previous years)," said Davda in an interview. Reliance Industries' telecom arm Jio Platforms, National Stock Exchange, Zepto, PhonePe, Manipal Hospitals an...