Is the Indian IPO Market Setting New Records with Rs 3.8 Lakh Crore Raised in Just Two Years?
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Synopsis
The Indian IPO market has seen unprecedented growth, raising Rs 3.8 lakh crore in two years through 701 IPOs. This surge reflects growing investor confidence and a significant shift in sector contributions. Discover how the landscape has changed and what it means for future investments in India.
Key Takeaways
- Indian IPO market raised Rs 3.8 lakh crore in two years.
- 701 IPOs completed, showcasing investor confidence.
- Major contributions from sectors like NBFCs and technology.
- Young companies (under 20 years) accounted for over 50 percent of funds.
- Mainboard dominated, contributing 94 percent in 2025.
Mumbai, Dec 25 (NationPress) The Indian primary market has successfully amassed approximately Rs 3.8 lakh crore through 701 IPOs over the past two years. This figure significantly exceeds the Rs 3.2 lakh crore raised from 629 IPOs between 2019 and 2023, as per a report released on Thursday.
The data underscores the rapid expansion of the IPO market, both in scope and scale, fueled by increasing investor confidence in Indian equities, as detailed by Motilal Oswal.
The report indicated that 2025 has proven to be another remarkable year for the IPO market, with over 365 IPOs raising around Rs 1.95 lakh crore, surpassing the previous record of Rs 1.90 lakh crore achieved in 2024 through 336 IPOs.
Notably, the mainboard has continued to lead fundraising efforts, contributing roughly 94 percent of the total amount raised in 2025, a trend that remains consistent with the previous year.
Over the last two years, mainboard IPOs alone have accumulated nearly Rs 3.6 lakh crore from merely 198 companies, indicating that large issuances are still attracting robust demand.
Simultaneously, the SME segment has remained highly active regarding the number of listings, as highlighted in the report.
The report also emphasized a notable improvement in sector diversity. Unlike prior years when IPOs were concentrated in a limited number of emerging sectors, a broader range of industries has accessed the market in the last 24 months.
In 2025, non-banking financial companies (NBFCs) emerged as the largest contributors, followed by sectors like capital goods, technology, healthcare, and consumer durables.
This marks a significant shift from 2024, wherein the automobile, telecom, retail, and e-commerce sectors dominated new listings.
Interestingly, some sectors that raised substantial amounts in 2024, such as telecom, utilities, and private banking, did not see any IPO fundraising in 2025.
This change underscores the evolving nature of sector leadership in the IPO market, which adapts according to market conditions and investor preferences, as per the report.
Additionally, trends regarding company age and size were also notable. The report stated that younger companies, specifically those under 20 years old, accounted for over half of the total IPO funds raised in the last two years.
In terms of company size, small-cap firms raised the largest share of funds, contributing over 50 percent of the total amount, despite a limited number of large companies accounting for a significant portion of the remaining capital.
Point of View
The significant growth in the Indian IPO market underscores the resilience and potential of the Indian economy. As the editor-in-chief, I believe this expansion reflects not just investor confidence but also the diverse opportunities present in various sectors. As we move forward, understanding these dynamics will be crucial for both investors and policymakers.
NationPress
25/12/2025
Frequently Asked Questions
What is the total amount raised in the Indian IPO market in the last two years?
The Indian IPO market has raised approximately Rs 3.8 lakh crore through 701 IPOs in the last two years.
How does the recent fundraising compare to previous years?
The recent fundraising significantly exceeds the Rs 3.2 lakh crore raised from 629 IPOs between 2019 and 2023.
Which sectors are currently leading in IPO contributions?
In 2025, NBFCs, capital goods, technology, healthcare, and consumer durables are the top contributors to IPO fundraising.
What trends have emerged regarding company age in IPO fundraising?
Younger companies, particularly those under 20 years old, accounted for over half of the total IPO funds raised in the last two years.
How significant is the mainboard's contribution to IPO fundraising?
The mainboard has contributed about 94 percent of the total amount raised in 2025, maintaining a consistent trend from the previous year.
