India’s Primary Market Stays Red Hot Despite Broader Slump: Nithin Kamath

2 Sept 2026, 8:11 pm · 10d ago · 1 min read · YourStory

Zerodha founder Nithin Kamath stated that India’s primary market remains red hot, driven by strong investor appetite for initial public offerings, offers for sale, and follow-on public offers. Kamath noted that capital raised in the primary market this year is on track to match or exceed totals from the previous two years, with a robust IPO pipeline ahead. Zerodha has witnessed a surge in users opening accounts solely to apply for listings. However, Kamath cautioned that listing gains remain muted, with 35% of recent IPOs gaining under 10% and 26% debuting below their issue price.