India is set for $8 billion IPO rush in year-end blitz

India’s equity market is set to raise up to $8 billion through IPOs in the final quarter of 2025, investment bankers say, with Tata Capital and LG Electronics India among the

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top firms launching share sales this month.

That would make the October-December quarter the second busiest on record. Over 240 large and mid-sized firms raised $10.5 billion in the first nine months of 2025, making India the third-largest globally in terms of funds raised via IPOs, LSEG data shows.

“Investor interest is very strong and we are seeing some eight to nine very large IPOs lined up in this quarter,” said Suraj Krishnaswamy, managing director of investment banking at Mumbai-based Axis Capital.

“Each of them is doing a fundraising anywhere between $600 million to $1.8 billion, which is very large for Indian markets,” Krishnaswamy said.