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India sees fourth-largest IPO fundraise globally in 2025

Business Standard

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October 10, 2025

India ranked fourth in raising funds through initial public offerings (IPOs) in calendar year 2025 (CY25) - mopping up $14.2 billion, according to an analysis by Bernstein.

- PUNEET WADHWA, New Delhi, 9 October

The United States topped this list ($52.9 billion), followed by Hong Kong ($23.4 billion) and China (16.2 billion).

In rupee terms, 74 companies raised ₹85,241.08 crore from primary markets in CY25. That number excludes the three big IPOs (WeWork India, Tata Capital, and LG Electronics India) that opened for subscription in the past few days and together aim to raise ₹30,000 crore.

The amount raised from Indian primary markets in CY25 is the third highest in five years, according to data, next only to ₹ 1,59,783.76 crore raised via 91 offers in 2024 and ₹1,18,723.17 crore raised in 2021 from 63 offers.

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