
India's IPO market is showing signs of recovery after a slower start to 2026, with a strong pipeline of public issues lined up for the second half of the year. Pranav Haldea, Managing Director, PRIME Database Group, explains why IPO activity largely depends on stable secondary markets despite healthy issuer interest. He discusses how geopolitical tensions and market volatility could influence the timing of upcoming listings, and why several companies may choose to defer their IPOs if market conditions remain uncertain.