IPO Boom Drives ₹1,000 Crore Fee for Investment Banks

Investment banks in India have earned over ₹1,000 crore in fees during the second quarter of 2026, a seven-fold increase compared to the same period last year, driven by a surge in IPO activity.

With over 25 companies planning to raise more than ₹70,000 crore in September, the market is witnessing a record-breaking pipeline of new public offerings across various sectors.

Analysts warn that despite the high fee income, 37% of recent IPOs have traded below their issue price, prompting investors to demand better pricing and earnings visibility from new entrants.