SynopsisOnly 23 companies raised $2.3 billion through IPOs during the period, compared with a record 105 issues that raised $18.7 billion in 2025. Even during last year’s boom, offer-for-sale components—through which existing shareholders sell stock—accounted for 64% of IPO proceeds.Private equity (PE) and venture capital (VC) investors are relying on post-listing block deals rather than initial public offerings (IPOs) to cash out of Indian companies as issuance slows and public-market investors become more selective, according to a report by investment bank DC Advisory.Public-market sales accounted for 77% of the $6.1 billion worth of PE-VC exits recorded in the first half of 2026. However, this was driven largely byNow Playing