IPO sales at four-year peak for PEs, VCs

In 2025, private equity and venture capital firms extracted the largest sum of cash from India’s initial public offerings (IPOs) in four years, even as their share in the country’s primary market shrank to its lowest in at least a decade.

- Agnidev Bhattacharya

The share of PE/VC-backed IPOs has fallen steadily over the past decade.

(ISTOCKPHOTO)

While these investors offloaded ₹20,643 crore worth of stock in 2025, they backed fewer than one in five listings, compared to around one in four in 2024 and around one in three in 2023.