Foreign portfolio investors (FPIs) have continued to follow two contrasting trends in 2025, persistent selling in the secondary market and steady participation in the primary market. While FPIs have been net sellers for most of the year, their interest in new public offerings has remained strong.
In November so far, FPIs have sold equities worth ₹13,925 crore, taking the total year-to-date selloff to ₹208,126 crore. Since FY25, FPI equity flows have been negative in 10 out of 19 months, underlining a cautious stance in the secondary market.
Despite consistent selling in the secondary market, FPIs have maintained a strong presence in IPOs. In November so far, they have invested ₹7,833 crore in public issues, while for the full year 2025, FPI investments in the primary market have reached ₹62,125 crore.
November 2025 has been an active month for the primary market.
So far, seven mainboard IPOs have opened, with five already listed on the exchanges.
Key IPOs entering the market this month include:
The lineup spans fintech, clean energy, industrial manufacturing, and technology, contributing to broad-based primary market activity.
The secondary market has seen periods of volatility driven by global macroeconomic developments, political factors, and domestic events. The Nifty 50 has gained 0.7% so far in November, and it has moved from around 25,500 at the start of the month to approximately 26,000 by mid-November, trading near its all-time high levels.
Read More: Equity Mutual Fund Inflows Fall 19% in October.
Foreign portfolio investors have continued their selling trend in the secondary market through 2025 while simultaneously increasing allocations to IPOs. With steady flows into new issuances and volatile but resilient equity indices, the divergence between primary and secondary market behaviour remains a defining feature of FPI trends this year.
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: Nov 17, 2025, 7:24 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
