New Delhi, July 28 -- India's IPO activity has continued to stay resilient, with 175 companies currently holding valid SEBI observations for their draft IPO papers and another 70 firms awaiting regulatory clearance, as per a report by Equirus.

The report noted that India's IPO activity increased sharply in Sep-25 with 25 issues on robust markets and strong domestic inflows. It added, larger ticket IPOs, totalling above Rs 1,500 crore, were concentrated in the Oct-Nov-25 window.

Furthermore, mainboard issuance hit a three-year high in both deal count and capital mobilised, driven by large-cap supply as corporates utilized favourable market windows during FY26.

"Jun-26 saw a rebound to 7 issues as the US-Iran ceasefire framework eased ma...