Archive · 10 Dec 2025
India's Booming Capital Markets in 2025
India's capital markets are growing rapidly.
In 2025, there have been $21 billion in initial public offerings (IPOs), expected to reach $23 billion.
This is now considered the new normal.
Many new tech and startup companies are getting ready to go public, with some big companies raising a lot of money.
Mutual funds are also growing, with assets expected to reach Rs 300 lakh crore by 2035.
Private equity and venture capital investments have surged to their highest levels in a decade, with 1,761 deals and $34 billion invested so far this year.
This growth is driven by increased retail participation, digital adoption, and strong market performance.
IPOs worth $20 billion per year are now the 'new normal' for India, according to JP Morgan.
In 2025, India has seen $21 billion in IPO issuances, with expectations to reach over $23 billion by the end of the year.
Mutual fund assets under management (AUM) are projected to exceed Rs 300 lakh crore by 2035, with direct equity holdings expected to reach Rs 250 lakh crore.
Private equity and venture capital (PE/VC) investments in India have surged to their highest levels in a decade, with 1,761 deals and $34 billion invested in 2025.
The overall equity capital market in 2025 is projected to be $65 billion, down from $72 billion in 2024, with a significant drop in qualified institutional placements (QIPs).
- Who
- Indian companies, startups, investors, mutual funds, PE/VC firms
- What
- IPOs, mutual fund growth, PE/VC investments
- When
- 2025 and projected trends for the next decade
- Where
- India
- Why
- To fuel expansion, strengthen competitive positions, and unlock new growth pathways
- IPO Issuances in 2025
- $21 billion (expected to reach $23 billion)
- New Normal IPO Value
- $20 billion per year
- Consumer Tech & New Age Businesses
- 20% of demand (expected to rise to 30% in 5 years)
- Startups Preparing for IPO
- At least 20
- Large IPOs in Process
- 4-5 companies, raising up to $8 billion
- Overall Equity Capital Market in 2025
- $65 billion (down from $72 billion in 2024)
- Qualified Institutional Placements (QIPs) in 2025
- $10 billion (down from $22 billion in 2024)
- Projected Market Cap in 5 Years
- $10 trillion
- Mutual Fund AUM by 2035
- Rs 300 lakh crore
- Direct Equity Holdings by 2035
- Rs 250 lakh crore
- Mutual Fund Penetration
- Expected to double from 10% to 20% in a decade
- PE/VC Deals in 2025
- 1,761 deals (highest in a decade)
- PE/VC Investment Value in 2025
- $34 billion (54% increase over 2024)
- Average PE/VC Deal Size in 2025
- $41.6 million (up from $34.4 million in 2024)
Sources
India Inc’s Year Of Super-Mergers: Deals That Reshaped Corporate Power In 2025
$20 billion of IPOs per year a new normal for India: JP Morgan
$20 bln of IPOs per year a new normal for India: JP Morgan
Private equity, venture capital deals count reach decade high of 1,761 in 2025: Report
Private Equity/Venture Capital Deal Volumes at 10-Yr High in 2025
Deal activity shifts from US to Europe as Indian IT notches strong November wins
India to see increased momentum in cross-border deals and IPOs in 2026: JP Morgan
PE, VC deals count reach decade high of 1,761
AUM of MF industry likely to hit Rs 300L cr mark by FY35: Report
