Indian Initial Public Offering (IPOs) set to raise up to Rs. 1,54,242 crore (US$ 18 billion) in H2 2025 surge: Jefferies Financial Group
- IBEF
- July 11, 2025
India’s primary market is poised for a strong rebound in H2 2025, with up to Rs. 1,54,242 crore (US$ 18 billion) expected to be raised through initial public offerings (IPOs), according to Jefferies Financial Group. After a slow start to the year, the resurgence is being led by marquee companies such as Tata Capital Ltd., preparing for a Rs. 17,138 crore (US$ 2 billion) IPO. Other notable upcoming listings include ICICI Prudential Asset Management Co., National Securities Depository Ltd., and LG Electronics India, covering sectors like financial services, consumer goods, and capital market infrastructure. In H1 2025, IPOs raised around Rs. 45,416 crore (US$ 5.3 billion), a slowdown from 2024’s record Rs. 1,79,949 crore (US$ 21 billion), when companies launched 91 IPOs. Market volatility delayed some launches earlier in the year, but investor confidence is returning as India’s Rs. 4,62,72,600 crore (US$ 5.4 trillion) stock market climbs, supported by strong foreign inflows and accommodative monetary policies. The National Stock Exchange (NSE) Nifty 50 Index remains near record highs despite global uncertainties, including trade tensions and regional conflicts.
Industry experts expect over 50 IPOs by year-end, signalling a robust pipeline. “Companies with differentiated business models, strong governance, and long-term growth potential continue to attract significant interest,” said Co-head of investment banking at HSBC India, Mr. Ranvir Davda. High-profile IPOs in the pipeline include e-commerce platform Meesho Ltd., stockbroker Groww Invest Tech Pvt., and eyewear maker Lenskart Solutions Ltd. The strong debut of HDB Financial Services Ltd., with its Rs. 12,854 crore (US$ 1.5 billion) offering, the largest this year, has boosted risk appetite and set the tone for renewed activity. As India’s primary market regains momentum, the outlook remains optimistic, underpinned by a resilient economy and expanding investor base.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
