Citigroup Forecasts India IPO Rebound
Analysis based on 6 articles · First reported May 21, 2026 · Last updated May 21, 2026
The forecast for a strong comeback in the Indian IPO market in the second half of the year, driven by potential listings like Reliance Industries — Jio>>> and National Stock Exchange of India>>>, is expected to boost investor confidence in India>>>. However, challenges such as the depreciating India — Indian rupee>>> and the war in the Middle East>>> could temper this optimism, leading to more selective deals and increased scrutiny on valuations.
Citigroup forecasts a strong recovery for the Indian IPO market in the second half of the year, potentially matching or exceeding 2025 volumes. This optimism is largely dependent on significant listings from entities like Reliance Industries — Jio>>> and National Stock Exchange of India>>>. Despite a rocky start to the year, marked by foreign investor withdrawals and a record low for the India — Indian rupee>>>, experts believe there's a long runway for deal execution. Challenges include the impact of the war in the Middle East>>> on global prices and business disruption, which has affected India>>>'s energy bills due to the Strait of Hormuz>>> blockage. India>>> has implemented measures to mitigate these effects, such as tightening gold imports and banning sugar exports. The M&A landscape also shows activity, with multinationals divesting non-core assets and Indian companies like Sun Pharma>>> pursuing strategic overseas acquisitions. While markets have softened, stabilization and recovery are broadly expected.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard