India’s IPO market has hit a new peak in 2025, with fundraising surpassing last year’s record even before the year ends. After Meesho, Aequs and Vidya Wires announced their upcoming issues for next month, total IPO collections have crossed ₹1.6 lakh crore, overtaking the ₹1.59 lakh crore raised in 2024. Meesho aims to raise about ₹5,421 crore, Aequs around ₹921 crore, and Vidya Wires nearly ₹300 crore. Notably, almost half of this year’s fundraising has occurred since September. With ten more companies preparing issues worth roughly ₹25,000 crore, the full-year total could approach ₹2 lakh crore.
This year has also seen substantial investor exits, with promoters, PE and VC funds selling shares worth over ₹1 lakh crore through OFS, exceeding last year’s ₹95,300 crore. From 2021–2025, companies garnered ₹5.4 lakh crore via public issues, with OFS contributing two-thirds of the amount.
However, weak post-listing performance is worrying investors, as average gains have dropped to 9 percent in 2025. In response, SEBI has tightened disclosure and governance rules. Globally, India ranks fourth in IPO activity, supported by strong interest from foreign and domestic investors.
