India’s stock market is set to see a big wave of new IPOs (Initial Public Offerings) in the second half of 2025. Many companies from different industries are planning to go public to take advantage of strong interest from investors.
So far, IPOs worth ₹2.58 lakh crore are in the pipeline. Out of this, ₹1.15 lakh crore worth of IPOs have already received approval from SEBI (the stock market regulator), and another ₹1.43 lakh crore are waiting for the green signal.
This follows a busy first half of the year (January to June), where 26 companies raised ₹52,200 crore, led by HDB Financial Services with a big ₹12,500 crore issue.
Read more: Infosys Q1 Results: Net Profit Rises to ₹6,921 Crore, Revenue at ₹42,279 Crore
Some of the major IPOs expected in the coming months include:
- Tata Capital – ₹17,200 crore
- LG Electronics – ₹15,000 crore
- Groww – ₹5,950 crore
Other well-known startups and digital businesses planning IPOs include:
- Meesho
- PhonePe
- Lenskart
- Boat
- WeWork India
- Physics Wallah
- Shadowfax
- Urban Company
- Wakefit
- Shiprocket
- Amagi
- TableSpace
- Pine Labs
These companies may raise between ₹1,500 crore to ₹9,000 crore each.
Experts say companies are feeling confident that investors—both individuals and institutions—are ready to put money into the market. The data supports this:
- In 2024, 90 IPOs raised a total of ₹1.60 lakh crore
- The second half of 2024 alone saw ₹1.30 lakh crore raised from 56 IPOs
- The first half raised ₹29,607 crore from 34 IPOs
Mutual funds are playing a big role in this IPO growth. Because stocks in the secondary market (already listed) are expensive, mutual funds are investing more in IPOs for better value.
In fact, mutual fund investments in stocks have grown 22% in the last year—from ₹26.82 lakh crore to ₹32.69 lakh crore (as of June 30). SIPs (Systematic Investment Plans) are also contributing about ₹27,000 crore every month.
Another reason for the IPO rush is that private equity firms—who invested in many of these startups—are now looking to exit and get their money back as their investment timelines are ending.
What’s Next?
With many big names in line and investors showing strong interest, India’s IPO market looks set to continue booming through the rest of 2025.
