India’s initial public offering momentum is slowing as weaker market conditions lead companies to scale back or delay listings. Multiple outlets report that IPO fundraising is down year-on-year, with proceeds falling because issuers either reduce deal sizes, accept lower valuations, or postpone transactions. The slowdown is framed as a cooling after two strong years of record fundraising. One outlet cites that companies raise $5.78 billion through IPOs in the first part of 2026, compared with $7.32 billion in the same period a year earlier. The comparison comes against a backdrop of record fundraising in 2025, when IPOs brought in $22.36 billion, and similarly high activity in 2024, with $20.65 billion. Overall, the reporting suggests the market for new share sales is becoming harder to access, prompting more cautious issuance decisions. The articles do not attribute the changes to a single cause, but instead link them broadly to current weakness in market conditions and the resulting shift in pricing and timing.