Indian IPO Market Hits Historic High: Companies Raise Record ₹2 Lakh Crore in 2025

• The Indian IPO market reached a historic high in 2025, with 365 companies raising a record ₹1.95 lakh crore.
• Combined IPOs from 2024-2025 (701 issues) raised ₹3.8 lakh crore, exceeding the total from 2019-2023.
• Large companies (mainboard issues) accounted for 94% of funds raised in 2025, including Tata Capital's ₹155 billion IPO.
• NBFCs led sector contributions in 2025; investor interest remains strong with average IPO subscription at 26.6 times.
• Motilal Oswal expects continued strong IPO activity, with renewables, quick commerce, and app-based models poised for growth.

Why It Matters: Indian IPO market witnessed unprecedented growth in 2025, setting new records for funds raised and activity.