MarketsConditions improving for the 170 firms still waiting to list despite approvalA backlog of initial public offerings in India comes after a record run of listings in 2025, when companies raised over $22 billion across about 370 stock market debuts, according to an EY report.SOUMYAJIT SAHAJune 26, 2026 12:26 JSTMUMBAI -- India's initial public offering market is showing signs of revival after six tepid months as the energy crisis due to the U.S.-Iran war eases and two historic listings appear on the horizon, raising hopes it can recapture the strong momentum of last year.