The India IPO market stayed strong in the first half of 2025, raising $4.6 billion through 108 deals. This is according to a new report by EY. Even though the number of IPOs dropped by 30%, the money raised only fell slightly by 2%. This means fewer companies went public, but those that did were bigger and better prepared.
Globally, the IPO market saw 539 deals and raised $61.4 billion in the same period. The total number of IPOs was the same as last year, but the amount of money raised went up. That’s a sign that companies around the world are choosing quality over quantity too.
Fewer IPOs, But Bigger Bets
In India, companies were more careful about when to go public. Investors were also more selective. Both sides are waiting for the right moment. With global issues and geopolitical tensions, many big names decided to wait before launching their IPOs.
Still, the outlook is positive. Many companies have already got approvals. They are just waiting for the market to get better. The second half of 2025 could be much more active.
Tech and Health Sectors Lead the Way
The pipeline for IPOs looks strong, especially in growing areas like technology, fintech, and health care. These sectors are expected to lead the charge once the market gets more stable.
India is one of the top three markets globally in terms of IPO numbers, along with the US and Greater China. All three crossed the 100-IPO mark in the first half of 2025.
What’s Next for India?
Market experts think the India IPO market will pick up speed in the second half of the year. Reasons include better economic conditions, falling inflation, and support from the Indian government.
While Europe and India saw drops in IPO activity, the Middle East and Asia-Pacific grew. The US stayed steady. The second quarter of 2025 was the weakest since 2020 in terms of the number of deals, but the money raised was still high.
Even with fewer deals, India’s IPO story isn’t slowing down. It’s just moving smarter. As more companies get ready to launch when the time is right, the future looks promising. If investor confidence grows and market pressure drops, India could see a strong IPO comeback.
Also Read US, India Top Global IPO Charts in H1 2025 With Over 100 Listings
