IPO secondary sales rocket towards ₹1 trillion this year

66% of total IPO fundraising has been via OFS since 2015

- SAMIE MODAK & SUNDAR SETHURAMAN

Funds raised through the offer-for-sale (OFS) component of initial public offerings (IPOs) this calendar year have already surged to a new high of nearly ₹96,000 crore, overtaking last year's record of 95,285 crore.

This comes even as total IPO proceeds, at around ₹1.53 trillion so far in 2025, remain ₹7,160 crore shy of the all-time peak of ₹1.59 trillion set the previous year.

Fresh capital raised via new share issuance stands at ₹56,796 crore this year, a figure that experts still describe as robust on a standalone basis.

With six weeks remaining in this calendar year, the overall IPO tally is on track to eclipse last year's record. OFS collections also appear set to breach the ₹1 trillion mark for the first time in a single year.

Since 2015, around two-thirds of total IPO fundraising has been in the form of OFS (₹4.73 trillion), while just 2.44 trillion has come from primary issuance, according to PRIME Database.