Business

FPIs stay open to IPO bets despite equity exodus

By Sohail Khan 1 September 2026, 6:25 am

Benchmarks
Nifty24,080.40-95.25

Precious Metal
Gold (MCX) (Rs/10g.)154,456.00-1825.0

Enter search text:

Business News›Markets›IPOs/FPOs›FPIs stay open to IPO bets despite equity exodus

Read Today's Paper

FPIs stay open to IPO bets despite equity exodus
Synopsis

Foreign investors have shown a strong preference for India's primary market, channeling $4.9 billion into initial public offerings, which sharply contrasts with the $28.9 billion outflow from the secondary market. The momentum in primary market inflows picked up after July, highlighted by substantial contributions to major IPOs. Alongside this, domestic fundraising from a plethora of new offerings has also risen.

Listen to this article in summarized format

Loading…
×
×

Unlock AI Briefing and Premium Content

New Year Offer 24 Hours Left
Already a member? Sign In

What's Included

Exclusive Stories
Daily ePaper Access
Smart Market Tools
Curated Investment Ideas
Ad-lite Experience
Subscription

Despite recent equity outflows, FPIs show continued interest in upcoming IPO investments<br>

ET Intelligence Group: Foreign portfolio investors (FPI) continued to show interest in India's primary market in the first eight months of 2026 at a time when global geopolitical uncertainties have affected their secondary market inflows. They have invested $4.9 billion (₹45,848 crore) in the IPOs so far this year compared with $4.7 billion (₹40,309 crore) in the comparable period of the previous year.

In contrast, they were net sellers of equities worth $28.9 billion (₹2.7 lakh crore) in the secondary market, far higher than the outflow of $19.6 billion (₹1.7 lakh crore) in 2025 till August-end.

ET Bureau

Foreign investors put in $4.9 b so far this year, up from $4.7 b in the year-ago period

The FPI inflow in the primary market has gained traction since July when they pumped in $1.4 billion (₹13,468 crore) followed by $1.3 billion (₹12,265 crore) in August. This coincides with a higher momentum in the domestic primary market, which has raised ₹51,101 crore in the two months to August from 35 IPOs.

In July, the year's two largest IPOs so far were launched including those of SBI Funds management at ₹9,796 crore and Manipal Health Enterprises at ₹9,275 crore. This formed 69% of ₹73,673 crore raised in the first eight months of 2026 from 62 IPOs.

Read more: Blackstone-backed Epsilon Bidco may sell 26% stake in EPL in Rs 1,985-crore block deal

In the first eight months of 2025, though the number of IPOs was lower at 49, the money raised was similar at ₹71,954 crore, driven by large IPOs including that of HDB Financial Services, which raised ₹12,500 crore and Hexaware Technologies, which mopped up ₹8,750 crore.

In the secondary market, momentum is gradually catching up as FPIs are showing renewed interest against the backdrop of a sell-off in the Asian markets including South Korea and Taiwan where semiconductor stocks are losing ground amid uncertainties over the sustainability of the capital expenditure on the artificial intelligence (AI) technology.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless

(You can now subscribe to our ETMarkets WhatsApp channel)

Read More News on
India IPOsFPI InflowsSBI Funds Management IPOForeign Portfolio InvestorsSBI Funds Managementsbi funds managementmanipal health enterpriseshdb financial serviceshexaware technologies

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless

Enter search text:

BrowseCompanies:
ABCDEFGHIJKLMNOPQRSTUVWXYZ
123456789

Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories

& personalised newsletters
Login Now

Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &

in-depth stock reports
Subscribe Now

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Subscribe to gain powerful insights on business, stock market and industry trends.

Big Price Drop! Flat 40% Off

Student Only Offer

Already a Member? Sign In now

Already a Member? Sign In now
Already a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail Offer
Avail Offer

Claim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004

' + h3 + '

' + h4 + '

' + listing + '

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with in-depth insights that matter

Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

The problem with lab grown diamonds
Why a falling rupee is a better option for the economy

A list of top 20 momentum stocks that have delivered massive returns in one year