Is India's IPO Market Set to Surpass Rs 1 Lakh Crore Again in 2025?

Synopsis
Key Takeaways
- 2025 is an extraordinary year for India's IPO market.
- Expect major IPOs from Tata Capital and WeWork.
- The SME segment is performing exceptionally well.
- Investor sentiment remains strong, driving market activity.
- Previous records from 2021 and 2024 are set to be surpassed.
New Delhi, Sep 29 (NationPress) The Indian Initial Public Offering (IPO) market is on track for an exceptional year in 2025, with companies having already generated close to Rs 85,000 crore through 74 mainboard offerings by September. The pace is anticipated to accelerate in October, with new listings from Tata Capital and WeWork expected to propel the total beyond the Rs 1 lakh crore milestone for the third time in history.
The upcoming Rs 16,000-crore IPO from Tata Capital is set to be one of the largest share sales. Subscriptions will be open from October 6 to 8.
Furthermore, WeWork India is gearing up for a Rs 3,000-crore offering between October 3 and 7. Together, these two offerings will push the fundraising total past the crucial Rs 1 lakh crore mark in 2025.
This milestone has only been achieved in 2021 and 2024. In 2021, the IPO market amassed Rs 1.19 lakh crore through 63 IPOs, which surged to Rs 1.6 lakh crore from 91 initial offers in 2024.
Reports suggest that this year's figures may surpass all previous records.
Additionally, LG India is preparing for a Rs 15,000-crore issue in early October, which could elevate the total fundraising to over Rs 1.3 lakh crore.
Several major players, such as ICICI Prudential, Groww, Pine Labs, Canara HSBC Life, Credila Financial, and Physics Wallah, are also set to enter the market before the end of the year.
On the other hand, the SME IPO segment has shown remarkable performance this year. In September alone, 53 SME companies listed their shares, raising Rs 2,309 crore—marking the best monthly performance in both value and volume.
With 207 SME issues raising Rs 9,129 crore so far in 2025, this segment has already broken all previous annual records, with three months remaining.
Analysts attribute the strong interest in IPOs to positive investor sentiment, solid corporate earnings, and increasing retail participation in equities, making 2025 an outstanding year for India's primary markets.