India's IPO market in 2025 has reached record levels with companies raising over ₹1.6 lakh crore so far, as per Moneycontrol. With several public issues still lined up, the year could witness even higher fundraising, reaffirming investor interest and capital market depth.
As of November 2025, total funds raised through IPOs in India have crossed ₹1,60,000 crore, breaking the previous year’s record of ₹1,59,000 crore. This milestone comes even as December offerings are yet to open.
Meesho Ltd, Aequs Ltd and Vidya Wires Ltd together aim to raise over ₹6,600 crore, with more than 10 other companies expected to enter the market with IPOs valued at around ₹25,000 crore.
A defining feature of 2025 has been the significant volume of share sales through offers for sale. Promoters, private equity and venture capital investors have sold shares exceeding ₹1,00,000 crore.
This represents a notable uptick over 2024, when OFS volumes stood at ₹95,300 crore. Between 2021 and 2025, almost ₹3,37,000 crore—about two-thirds of total IPO mobilisation—came via OFS allotments.
Despite the surge in public issues, 2025 has also seen a decline in average listing gains. Compared to 29% and 30% in 2023 and 2024 respectively, average gains have slipped to 9% this year. With just a few outliers delivering over 50% returns, the majority of listings have turned negative for retail investors within 3 to 6 months of debut.
In response to challenges, regulatory authorities have enforced stricter norms around anchor investor lock-ins, disclosures, and promoter stock options. The fresh focus on transparency and governance is seen as vital to sustain credibility and investor trust in a maturing IPO market.
According to global data, India ranks 4th in IPO volume for 2025. The US led with $53 billion, followed by Hong Kong at $23.4 billion and China at $16.2 billion. Even with ₹24,000 crore worth of FII exits from secondary markets, over ₹7,500 crore was pumped into primary issuances, reflecting ongoing foreign institutional interest.
India’s IPO fundraising in 2025 has reached a notable milestone, backed by strong institutional participation and promoter divestment. However, subdued listing performance and increasing regulatory oversight are shaping the landscape for more responsible capital raising practices.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 29, 2025, 10:12 AM IST
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