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Nithin Kamath

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Markets, IPOs & Wealth 08 Oct 2026, 04:17 AM IST

โ€˜Only 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.

By RDU Global Wire5 min read

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