NBFCs, Tech, Healthcare Propel India's IPO Market to Record 2025 Highs

• India's IPO market achieved a record fundraising year in 2025, mobilizing Rs 1.95 lakh crore through over 365 IPOs.
• NBFCs, healthcare, and technology sectors were the primary drivers, contributing significantly to new listings and overall funds.
• Mainboard IPOs, though fewer in number, accounted for 94% of the total funds raised, with Tata Capital's Rs 15,500 crore issue highlighting large-ticket listings.
• The market saw a broader mix of sectors going public, unlike previous booms, with over half the funds from companies less than 20 years old.
• Investor demand remained strong, with IPOs subscribed 27 times on average, and over half of mainboard IPOs trading above offer prices post-listing.

Why It Matters: India's IPO market set new records in 2025, fueled by diverse sectors and strong investor confidence.