FPIs ditch Indian retail IPOs for blocks; Zepto, PhonePe face pricing reset
Foreign investors are skipping primary issues at stretched valuations and routing ₹1.1 trillion into block trades YTD. FPI share of QIB allocations is set to drop to 25% in 2026 from 42% in 2025, forcing Zepto, Jio Platforms, PhonePe ($1.3bn IPO deferred) and boAt to accept domestic MF-led pricing discipline.
FPIs route ₹1.1T into block trades YTD, skipping Indian retail IPOs and forcing Zepto, PhonePe and Jio to accept domestic MF-led pricing.
Mint · Markets · 6/1/2026, 12:42:17 AM · Ask about this →