India’s IPO Fundraising Jumps 45% Despite Global Headwinds
- 21st July 2025
- 04:00:00 PM
- 3 min read
Mumbai | July 21 – India’s IPO market is holding steady. In the first half of 2025, companies raised ₹45,350 crore through IPOs, up 45% from last year, even as global trade tensions and geopolitical uncertainty kept markets on edge.
The twist? The number of IPOs actually fell—from 36 last year to just 24 this year. Fewer deals, but bigger cheques.
Bigger Issues, Bolder Investors
Data from merchant bankers shows 24 companies raised ₹45,351 crore in Jan-Jun 2025, compared to ₹31,281 crore last year. Companies are choosing their moment, bringing larger, cleaner issues to market. Investors are showing up for quality.
The pipeline is building. 118 companies filed draft IPO papers with SEBI in H1 2025, more than double the 52 filings a year ago. It’s a clear sign: companies are ready, watching for the right window.
Who Came to Market?
Some big names dominated the charts:
- HDB Financial Services: ₹12,500 crore
- Hexaware Technologies: ₹8,750 crore
- Schloss Bangalore: ₹3,500 crore
- Ather Energy: ₹2,981 crore
The cash? Mostly for expansion, debt reduction, and working capital. The sectors? Manufacturing, infrastructure, and industrials stayed hot.
Listing Day? Mostly Green- Here’s the part investors love: 67% of these IPOs listed at a premium, delivering average gains of around 25% post-listing. Even in a jittery global environment, India’s IPOs are holding ground.
How India Stacks Up Globally
According to EY’s Global IPO Trends, India accounted for 8% of global IPO funds in H1 2025. The US took 28%, China 34%. Globally, the picture is mixed. The US saw its busiest IPO half since 2021, but with lower funds raised. China saw a 30% jump in deals and tripled its IPO proceeds.
In India, the number of IPOs fell 30%, but funds raised dipped just 2%. It’s a clear trend: fewer IPOs, but better ones.
What Next for India’s IPO Market?
The outlook? Cautious optimism. Strong domestic liquidity, stabilising inflation, and steady sentiment could keep the IPO pipeline moving in H2 2025.
If global trade tensions ease, activity could pick up. If uncertainties persist, companies may hold back, waiting for clearer skies. But with 118 draft filings ready, expect action when the window opens.
For Investors: What to Watch
- Track upcoming IPOs in India
- Look at company fundamentals, valuations, and sector trends
- Think long-term, not just listing day pops
India’s IPO market, up 45% despite global challenges, signals confidence in the country’s growth story. Bigger deals, stronger companies, and patient investors are defining the new IPO cycle.
Source: EY Global IPO Trends Report, Money Control
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
