After a quiet start to the year, Indian IPOs are all set to make a strong comeback. The second half of 2025 could see companies raise as much as $18 billion through initial public offerings, according to Jefferies Financial Group.
This sharp rebound is riding on growing investor confidence, a booming stock market, and big names getting ready to go public.
Tata Capital Leads the Pack
One of the most talked-about listings is Tata Capital Ltd., eyeing a $2 billion IPO. This alone shows the level of interest in the Indian market right now.
Other major companies in the pipeline include:
- ICICI Prudential Asset Management Co.
- National Securities Depository Ltd.
- LG Electronics India
These firms come from different sectors—finance, consumer goods, and capital markets—offering a mix for investors.
2024 Was Big, 2025 Might Be Bigger
In the first half of 2025, Indian IPOs only raised $5.3 billion, as per Primedatabase.com. That’s a big dip compared to the 91 IPOs in 2024 that raised $21 billion.
But things are turning around fast. The market is bouncing back thanks to steady foreign investment and moves by the central bank to ease monetary policy.
The Nifty 50 Index is close to its all-time high again, even with global pressures like Donald Trump’s tariff warnings and border tensions with Pakistan.
Over 50 IPOs Expected by Year-End
According to Jefferies India, more than 50 IPOs are expected to hit the market before December.
One of the biggest successes this year was HDB Financial Services, which raised $1.5 billion. Its strong listing has helped improve risk appetite among investors.
“Good companies with strong business models and clear growth plans are getting investor attention,” said Ranvir Davda of HSBC India.
What’s Coming Next
Some of the most exciting IPOs in the second half include:
- Meesho Ltd. (e-commerce)
- Groww Invest Tech Pvt. (stock broking)
- Lenskart Solutions Ltd. (eyewear)
These brands are well-known and used by millions of Indians, which could push demand even higher when their shares hit the market.
Whether you’re an investor or just watching from the sidelines, keep your eyes on the upcoming IPOs—India is playing big again.
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