Archive · 26 Dec 2025
Indian Companies Raise Record ₹1.95 Trillion in 2025
In 2025, Indian companies raised a lot of money, about ₹1.95 trillion, through 365 initial public offerings (IPOs).
This is the highest amount ever raised in a single year.
Most of the money came from mainboard listings, which are bigger companies.
Smaller companies, called SMEs, also raised some money but not as much.
Tata Capital had the biggest IPO of the year, raising ₹155 billion.
Many different types of companies raised money, like financial companies, technology, and healthcare.
Investors were very interested, and the IPOs were oversubscribed many times.
However, 55% of the companies that raised money through QIPs are now trading below their issue price, including IREDA and Kaynes Tech, which shows that not all investments are performing well.
Indian companies raised a record ₹1.95 trillion through 365 IPOs in 2025, surpassing the previous year's ₹1.90 trillion.
Mainboard IPOs dominated, accounting for 94% of the total funds raised, with 106 mainboard IPOs raising ₹1.83 trillion.
Tata Capital's ₹155 billion IPO in October 2025 was the fourth-largest in the country's history.
Non-banking financial companies (NBFCs) led fundraising with a 26.6% share, followed by capital goods, technology, healthcare, and consumer durables.
55% of companies that raised funds via QIPs in 2025 are trading below their issue price, including notable underperformers like IREDA and Kaynes Tech.
- Who
- Indian companies, including Tata Capital
- What
- Raised a record ₹1.95 trillion through 365 IPOs in 2025
- When
- 2025
- Where
- India
- Why
- Strong investor demand and diversification in sector participation
Positive Outlook
Negative Outlook
Market Performance
Positive Outlook
Strong investor demand and record fundraising indicate a robust market.
Negative Outlook
55% of QIP companies trade below issue price, showing underperformance.
- Total Funds Raised in 2025
- ₹1.95 trillion
- Number of IPOs in 2025
- 365
- Mainboard IPOs in 2025
- 106
- SME IPOs in 2025
- 259
- Largest IPO in 2025
- Tata Capital (₹155 billion)
- Average IPO Oversubscription (2024-2025)
- 26.6 times
- QIP Fundraising in 2025
- ₹718 billion
- Secondary Corporate Bond Trades (FY26)
- 16.2 lakh
- Underperforming QIP Companies
- 55%
- Notable Underperformers
- IREDA, Kaynes Tech
Sources
Indian companies raise record ₹1.95 trillion through over 365 IPOs in 2025: Motilal Oswal Report
Secondary corporate bond trades hit record high
Easy money season: IPOs raise record Rs 1.8 lakh crore in 2025 as secondary markets stagnate
India’s IPO Market Raises Record Rs 1.95 Lakh Crore in CY 2025
55% of the companies who raised funds via QIPs in 2025 trade below their issue price
Half of IPO activity came from...
335 IPOs raised Rs 1.95 lakh crore in 2025; ew age sectors, young firms drive IPO boom
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NBFCs raise ₹635 billion across 24 IPOs in 2025, accounting for 26.6% of total proceeds