Fintechs go easy on IPO plans as war rattles stock markets
Public listing plans for new-age fintech companies have received a major blow as the crisis in West Asia has battered the Indian rupee and stock valuations in Mumbai, prompting the highest ever annual withdrawal by overseas funds from locally listed equities.
Additionally, with a drastic reduction in retail investors’ participation in the IPO market, industry insiders believe it is better to wait for the conflict in Iran to end and the rupee – Asia’s worst performer in FY26 – to regain some stability.
