SBI Funds and Manipal Health Set to Propel 2026 IPO Surge

The Indian IPO market is gearing up for a significant upturn during the latter half of 2026, led by the highly anticipated listings of SBI Funds Management and Manipal Health, as per a Mint report.  

These offerings are set to ignite a wave of IPO activity, continuing a trend seen in previous years. 

SBI Funds and Manipal Health to Lead the Charge 

As per the report, SBI Funds Management, a joint venture between SBI and French asset manager Amundi SA, plans to sell a total of 203.7 million shares, which equates to a 10% stake in the company.  

Manipal Health, backed by Temasek, aims to raise approximately ₹8,000 crore through its upcoming listing. Both companies have filed the necessary documents with regulatory authorities and are expected to receive approvals soon. 

These high-profile listings scheduled for June-July are primed to kickstart a broader pipeline of substantial public issues, despite prevailing geopolitical uncertainties. 

Other Major IPOs on the Horizon 

Beyond SBI Funds and Manipal Health, the market anticipates other significant IPOs by companies like STT Global Data Centres, which is eyeing a $500 million listing.  

The Indian market has already seen 20 businesses raise about ₹19,854 crore this year, substantiating the positive sentiment surrounding upcoming IPOs. 

Broader Market Conditions and Regulatory Support 

While volatility has been a restraint, regulatory advancements have aided IPO activity. The Securities and Exchange Board of India (SEBI) extended observation letters' validity until September 30, 2026, providing companies more time to assess market conditions. 

Read More: Mutual Fund Portfolios See Surge in Smallcap IPOs: Top New Entrants in Q4 FY26! 

Impact on the Market and Wider Industry 

The renewed vigour in IPO activity is poised to influence market sentiments significantly. The heightened participation in sizable public issues is projected to encourage more companies contemplating market entry.  

With the recent performance in 2025 as a benchmark, insiders suggest that firms across various sectors may feel encouraged to go public later in the year. 

Conclusion 

SBI Funds and Manipal Health's upcoming IPOs are essential contributors to a revitalised Indian IPO landscape for the second half of 2026. These listings reflect a growing confidence in the market, despite existing geopolitical challenges. Their execution will likely play a pivotal role in setting the tone for future market activities. 

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