From The Economic Times · Ranjit Shinde · · 1m 20s
September IPO Rush Draws $1 Billion FPI Money
Foreign portfolio investors poured $1 billion into Indian IPOs in September despite record stock outflows.
In brief
Foreign portfolio investors poured $1 billion into Indian IPOs in September despite record stock outflows. Foreign portfolio investors invested $1 billion in Indian IPOs during September 2026 while selling $4.8 billion of listed equities, the highest outflow since April 2026. Originally reported by The Economic Times.
Foreign portfolio investors
Foreign portfolio investors invested $1 billion in the primary market while offloading $4.8 billion worth of equities in the secondary market during September 2026.
Record outflows in September
This represents the highest outflow since April 2026 when the outflow was $6.7 billion.
IPO activity surge
Of the 96 IPOs in 2026 so far, 34 were hosted in September alone, implying one out of every three IPOs this year was crammed in a single month.
IPO timing impact
Companies would take time to gather audited financial data for the June and subsequent quarters in the current fiscal year.
Jio Platforms IPO
The expected launch of the Jio Platforms IPO in October may offer support to primary market investments given its anticipated size of over ₹35,000 crore-40,000 crore.
Historical comparison
FPIs invested $5.9 billion in the primary market while selling $33.7 billion worth of equities in the secondary market through end of September 2026.
The big picture
Foreign portfolio investors invested $1 billion in Indian IPOs during September 2026 while selling $4.8 billion of listed equities, the highest outflow since April 2026.
