Did India's IPO proceeds reach a record Rs 1.77 lakh crore in 2025?
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Synopsis
India's IPO landscape is witnessing unprecedented growth, with initial public offerings reaching a record Rs 1.77 lakh crore in 2025. As companies seize the moment to attract investors, the future of the market looks promising amidst evolving economic conditions. Discover how these developments are reshaping the financial landscape.
Key Takeaways
- Record IPO proceeds in India reached Rs 1.77 lakh crore in 2025.
- Growth reflects a maturing capital market with increasing retail investor participation.
- SEBI is introducing reforms to improve transparency and address long-standing issues.
- Foreign institutional investors are still engaging in the IPO market despite broader sell-offs.
- India’s financial outlook remains positive as it heads into 2026.
New Delhi, Dec 9 (NationPress) India’s initial public offerings (IPO) have achieved a historic milestone by raising Rs 1.77 lakh crore ($19.6 billion) in 2025 to date, slightly surpassing the previous year’s figure as companies strive to meet the growing demand from investors.
With five additional offerings set to conclude on or before December 16, including ICICI Prudential Asset Management Co.’s $1.2-billion deal, the cumulative IPO proceeds are expected to increase well beyond last year's total.
In 2024, Indian IPOs accumulated Rs 1.73 lakh crore, based on data from Bloomberg. This growth underscores a maturing capital market, driven by a rising number of retail investors and consistent institutional interest, despite a decline in demand for equities in the secondary market.
Experts indicate that companies are capitalizing on the robust demand to secure funding before global conditions become restrictive, while India has streamlined the listing process and initiated several large-scale deals.
Despite a record sell-off of Indian equities in the secondary market, foreign institutional investors remain engaged in IPOs. Their enthusiasm in primary markets has enabled businesses across various sectors and market capitalizations to secure capital at elevated valuations.
Nearly half of the over 300 companies listed this year are currently trading below their initial offer prices.
The Securities and Exchange Board of India (SEBI) proposed significant reforms on Thursday to tackle persistent issues such as the locking of pre-IPO pledged shares and the simplification of public issue disclosures.
SEBI has recommended allowing depositories to classify pledged shares as non-transferable during the lock-in period, following directives from issuers.
As India's financial markets approach 2026, they do so with a renewed sense of confidence, bolstered by considerable gains in recent months and a stable macroeconomic environment. This turnaround is attributed to several domestic factors, including the GST 2.0 rate rationalization that has spurred consumption in discretionary sectors and a notable increase in manufacturing activity, reflected in a two-month high PMI of 58.4.
Point of View
It is clear that India's IPO market is not just thriving but evolving. The surge in proceeds indicates a healthy appetite from both retail and institutional investors, reflecting the strength of our financial ecosystem. While challenges remain, the proactive measures by regulatory bodies like SEBI signal a commitment to fostering a robust market environment.
NationPress
09/12/2025
Frequently Asked Questions
What is the total amount raised by Indian IPOs in 2025?
Indian IPOs have raised a record Rs 1.77 lakh crore ($19.6 billion) in 2025 so far.
How does the 2025 IPO figure compare to 2024?
The 2025 IPO proceeds are slightly higher than the Rs 1.73 lakh crore raised in 2024.
What are the factors driving the IPO surge?
The increase is driven by heightened investor demand and a growing base of retail investors, alongside supportive institutional interest.
What reforms is SEBI proposing regarding IPOs?
SEBI is proposing reforms to address issues related to pre-IPO pledged shares and aims to simplify public issue disclosures.
How are foreign institutional investors involved in the IPO market?
Despite selling a significant amount of Indian equities in the secondary market, foreign institutional investors remain active participants in the IPO market.
