IPO funds crash 89% in June quarter as OFS deals double
India’s mainboard IPO fundraising slumped 89% YoY to ₹3,777 crore in the June quarter, while offer‑for‑sale issuances surged to ₹16,568 crore, nearly double last year. The decline reflects fewer listings and valuation concerns, whereas the government’s PSU divestments are fueling OFS demand. Analysts say a revival hinges on broader market stability and upcoming large issuers.