‘SME IPO momentum surges in India, but Telangana yet to tap the opportunity’

Federation of Telangana Chambers of Commerce and Industry (FTCCI) President R Ravi Kumar has said that Hyderabad is home to many high-potential enterprises that remain underrepresented in public markets.

“India’s IPO ecosystem is at an inflection point. While initial public offerings (IPOs) by small and medium enterprises (SMEs) are gaining momentum, many businesses still perceive them as complex,” he said.

He added that an IPO is not just a fundraising exercise but a milestone of credibility, reflecting governance, transparency, and readiness for long-term growth.

He was addressing the IPO Awareness & Funding Conclave 2026, which was organised by the Banking, Finance, Insurance & Capital Market Committee of the FTCCI on Saturday evening.

As many as 270 small and medium enterprises floated initial public offerings (IPOs) last year. “But only about 10 originated from Telangana, reflecting a significant untapped opportunity for the State’s enterprises to access public markets,” Aravinda Garikipati, Co-Chair Banking, Finance, Insurance and Capital Markets Committee of FTCCI, said.

Capital markets

Rajesh Kumar Dangeti, Chief General Manager (Corporate Finance Department at the Securities and Exchange Board of India) noted that many of today’s large corporations began as SMEs and highlighted that while bank credit can be challenging, capital markets provide a credible and scalable alternative for growth.

India’s IPO market has raised nearly $65 billion, ranking among the top three globally. While India leads in the number of IPOs, there remains a gap in terms of capital raised, he said.

To achieve the country’s $5 trillion economy goal, he stressed the need for a steady pipeline of companies entering the capital markets, he said in a statement here on Sunday.

Published on March 29, 2026