India's Initial Public Offering (IPO) market eyes Rs. 20,565 crore (US$ 2.4 billion) in offerings in July on confidence revival

India’s Initial Public Offering (IPO) market is poised for a strong rebound, with companies expected to raise Rs. 20,546 crore (US$ 2.4 billion) in July 2025, marking the highest monthly total since December 2024. This follows a robust Rs. 17,122 crore (US$ 2 billion) raised in June, led by HDB Financial Services. Investment bankers attribute the uptick in activity to renewed market confidence, stabilising indices, and the absence of major geopolitical headwinds that had earlier dampened investor sentiment. Active listings expected this month include Credila Financial Services seeking Rs. 5,000 crore (US$ 584 million), National Securities Depository Ltd. - Rs. 3,424 crore (US$ 400 million), Aditya Infotech, and M&B Engineering, among others.
India retained its position as the second-largest IPO market globally in 2025, with Rs. 50,171 crore (US$ 5.86 billion) raised so far, accounting for 12% of global IPO proceeds. In 2024, India posted a record Rs. 1,75,501 crore (US$ 20.5 billion) in IPO fundraising. Market recovery, with the Nifty 50 and Sensex now just 3% below their peaks, is driving optimism. A strong pipeline is building, including LG Electronics India’s planned Rs. 15,410 crore (US$ 1.8 billion) IPO, and issues from JSW Cement and defence firm SMPP, each targeting around Rs. 4,024 crore (US$ 470 million). According to the PRIME Database, 143 IPOs valued at a combined Rs. 2,22,586 crore (US$ 26 billion) are currently in the pipeline, with 73 already approved by regulators. However, fund managers caution that retail and high-net-worth investor participation may be more selective, with a focus on high-return offerings.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.