โOnly Bullish Cornerโ: Nithin Kamath Flags IPO Frenzy as Broader Indian Markets Stay Weak
Zerodha co-founder and chief executive Nithin Kamath has highlighted a striking divergence in Indian capital markets: while benchmark equities remain under pressure, the primary market is delivering strong listing gains. Data cited by Kamath shows that 67.2% of 125 IPOs listed between October 2025 and September 2026 traded above their issue prices, with a median return of 24.7%. The pattern underscores how investor appetite for new listings has remained resilient even as broader sentiment in Indian equities has softened.
