IPO boom in India: Nearly Rs 1.7 lakh crore raised in 2025; more companies to enter stock market

India’s preliminary public providing (IPO) market has made a outstanding comeback over the previous yr, elevating practically double the funds of the earlier yr whilst broader stock markets struggled.Between October 2024 and September 2025, 86 IPOs introduced in Rs 1,70,897 crore, in contrast with Rs 90,436 crore that 88 IPOs raised in the identical interval a yr earlier, in accordance to an ET report.The surge comes because the stock market continues to fall. Over the identical interval, the BSE Sensex slipped 3.5% to 80,426 from 84,266, whereas the Nifty dropped 4.4% to 24,655 from 25,797.The boom has been pushed by high-value points, a wider mixture of sectors, and powerful home investor curiosity. “We have seen the surge in domestic liquidity from mutual funds, insurers, and even retail investors which has reduced reliance on foreign flows,” stated V Jayasankar, MD of Kotak Investment Banking.“We had perhaps the best quarter for IPOs between October and December 2024, and anticipate a similar trend this year,” Jayasankar instructed ET.The yr started with a flurry of exercise, as 30 IPOs raised Rs 95,513 crore in the primary three months. After a slowdown in the primary half of 2025, the market rebounded in July-September, with 37 IPOs elevating Rs 45,551 crore.In whole, 56 IPOs raised Rs 75,384 crore from January to September 2025, up from Rs 64,011 crore in the identical interval of 2024.Major offers this yr embrace HDB Financial Services (Rs 12,500 crore), Hexaware Technologies (Rs 8,750 crore), and NSDL (Rs 4,010 crore).“It’s becoming tougher to make money in the secondary market, so a lot of that money is flowing into the primary market,” Siddarth Bhamre, head of institutional analysis at Asit C Mehta instructed ET.“The IPO market is essentially a function of a bull market and liquidity, and this frenzy will continue.”In 2024, Hyundai Motor India led the way in which with a Rs 27,859-crore IPO, adopted by Swiggy at Rs 11,327 crore and NTPC Green Energy at Rs 10,000 crore. The prime 5 listings collectively accounted for round 70% of the full funds raised that yr.Looking forward, the IPO pipeline stays sturdy. Jayasankar famous that upcoming choices cowl a variety of sectors, together with digital know-how, NBFCs, client and retail, vehicles, renewable vitality, and TMT (know-how, media, and telecommunications).Pranav Haldea, managing director at Prime Database, stated that the full deliberate dimension is almost Rs 3 lakh crore“Going forward, there is a strong pipeline of over 150 IPOs with Sebi, both approved and awaiting approval, with a total issue size of nearly `3 lakh crore,” Haldea stated, as quoted by ET.Companies anticipated to launch IPOs in the approaching months embrace Tata Capital (Rs 17,000 crore), LG Electronics (Rs 10,000 crore), WeWork, Hero Fincorp, Hero Motors, and BoAt.