Expect strong, $20 billion IPO market in ’26: Citi
MUMBAI: Citi expects a repeat of, or potentially a new record, equity IPO issuance in India in 2026, with total fund-raising of $15-20 billion, while a sharp pickup in external commercial borrowings (ECBs) could follow if proposed regulatory changes are implemented. Net foreign portfolio investor (FPI) inflows into equities, however, are likely to turn decisively…