India’s equity markets witnessed a year of strong capital mobilisation in Samvat 2081, with fundraising through initial public offerings (IPOs) and qualified institutional placements (QIPs) reaching ₹2.91 lakh crore. The robust activity highlights growing investor participation and renewed confidence in India’s primary markets despite mixed performance in the secondary segment.
During Samvat 2081, a total of 433 Indian firms raised over ₹2.91 lakh crore through mainboard and SME IPOs as well as QIPs, marking a sharp rise from ₹2.53 lakh crore raised by 429 firms in Samvat 2080. This represents the strongest capital mobilisation in recent years, reflecting consistent interest from both institutional and retail investors.
Breaking down the figures, 111 companies raised nearly ₹1.8 lakh crore via mainboard IPOs, while 275 small and medium enterprises (SMEs) collectively garnered ₹11,860 crore. Additionally, 47 firms tapped the QIP route to mobilise ₹98,993 crore, signalling that institutional investors continued to show trust in India’s corporate growth story.
In contrast, Samvat 2079 saw 251 firms raising around ₹79,900 crore, while in Samvat 2078, 165 firms mobilised ₹1.07 lakh crore — showing the steady expansion of India’s capital markets over the years.
However, the post-listing performance in 2025 was less buoyant compared to the previous year. Of the 85 mainboard IPOs listed so far, 29 opened below their issue price, while 27 posted modest gains of 1–10 percent. Only three companies recorded listing gains exceeding 50 percent.
In contrast, 2024 had seen stronger debuts — five IPOs doubled investors’ money, and several others posted notable gains between 25–99 percent. The SME segment also reflected a similar moderation in listing enthusiasm, with 218 SMEs listing in 2025, of which 76 debuted below issue price.
The IPO and QIP pipeline remains healthy heading into Samvat 2082, supported by growing participation from domestic investors and steady institutional flows. However, one must caution that external factors such as global market volatility, trade tensions, or policy shifts could influence the pace of new listings.
Read More:FPIs Inject ₹6,480 Crore Into Indian Equities in October After Three-Month Withdrawal
The fundraising momentum of ₹2.91 lakh crore in Samvat 2081 underlines the growing depth and maturity of India’s equity markets. While listing-day exuberance has eased, the trend reflects a more balanced and fundamentals-driven phase for capital mobilisation, which may continue to strengthen India’s position as an emerging market hub.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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: Oct 20, 2025, 3:38 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates