Indian IPO Market Resilient in H1 2025 with 108 Deals Raising $4.6 Billion

Indian Initial Public Offering (IPO) activity in the first half of 2025 recorded 108 deals raising USD 4.6 billion, demonstrating market resilience despite a 30 percent decline in transaction volume compared with the previous period, according to a report compiled by EY.

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According to the report, fundraising proceeds declined only marginally by 2 percent, indicating that while fewer companies accessed public markets, the quality and scale of offerings remained robust.

The EY stated that the trend reflects a more selective approach by both issuers and investors, with companies prioritizing optimal market timing and valuation strategies.

The cautious environment has been shaped by ongoing global uncertainties and geopolitical tensions, leading several high-profile companies to postpone their listings or reassess valuations.