India’s capital markets see record domestic fundraising: SEBI

India’s capital markets have expanded sharply over the past decade, supported by strong domestic investor participation and record fundraising activity, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Saturday.

Speaking at the 15th International Capital Market Convention 2026 organised by the Association of National Exchanges Members of India (ANMI) in Chennai, Pandey said India’s markets have seen rapid growth across equities, derivatives, mutual funds, REITs, InvITs and corporate bonds.

Highlighting the performance in the current financial year, Pandey said the number of unique investors has surged from 4.3 crore in FY20 to 13.7 crore at present. In the first nine months of the ongoing fiscal alone, companies raised ₹1.7 lakh crore through 311 IPOs , while total equity mobilisation in the domestic market has already crossed ₹3.8 lakh crore , reflecting the depth of capital available within India.

He noted that several large domestic IPOs contributed significantly to the fundraising boom, underscoring the growing strength of India’s primary markets. Recent years have seen marquee listings such as Life Insurance Corporation of India (LIC), Hyundai Motor India, Tata Technologies, JSW Infrastructure and NTPC Green Energy emerge among the biggest capital raisers, drawing strong participation from retail, institutional and long-term domestic investors. Market participants say the success of such large offerings highlights India’s reduced dependence on overseas capital for equity fundraising.

On the regulatory front, the SEBI chief said the market regulator is working towards a more efficient and technology-driven framework. “We are building a smarter regulatory architecture that streamlines compliance, removes duplication and continues to safeguard investor protection and market integrity,” Pandey said.

He added that SEBI has recently notified the SEBI Stock Brokers Regulations, 2026 , allowing stockbrokers to diversify into activities overseen by other financial sector regulators, subject to prescribed safeguards.

Pandey also referred to the revised framework issued to address technical glitches in stockbrokers’ electronic trading systems. The new framework, he said, would ease compliance for smaller brokers , as it applies only to entities with a sizable client base and significant technological presence.

On Friday, SEBI announced a major overhaul of the technical glitch reporting framework to reduce compliance burden and improve ease of doing business for market intermediaries. Under the revised norms, the framework will now apply only to stockbrokers with more than 10,000 registered clients , resulting in nearly 60 per cent of brokers moving out of the framework.

The revised norms also simplify reporting requirements by extending the reporting timeline from one hour to two hours, factoring in trading holidays and shifting to a single reporting mechanism through a Common Reporting Platform.

According to the National Stock Exchange’s annual highlights for calendar year 2025, mainboard IPOs collectively mobilised ₹1.72 lakh crore , an 8 per cent increase year-on-year , with Maharashtra, Delhi-NCR and Karnataka leading IPO activity in terms of both volume and value.