2025 IPO Pipeline: Over ₹1.5 Lakh Crore Expected for 89+ Companies
The IPO market in 2024 shattered previous records. As per data from Prime Database, 75 companies raised over ₹1.5 lakh crore through mainboard IPOs, a significant leap from ₹49,435 crore raised by 57 companies in 2023 and ₹59,301 crore raised through 40 IPOs in 2022.
The Initial Public Offering (IPO) market has been buzzing with activity, and 2025 is set to be another remarkable year. According to industry reports, over ₹1.5 lakh crore worth of IPOs are in the pipeline for the upcoming year. A total of 34 companies have already received approval from the Securities and Exchange Board of India (SEBI), targeting a collective ₹41,462 crore. Meanwhile, 55 more companies are awaiting regulatory clearance to raise an estimated ₹98,672 crore. SEBI’s rules allow companies to launch IPOs within one year of gaining approval.
2024: A Record-Breaking Year for IPOs
The IPO market in 2024 shattered previous records. As per data from Prime Database, 75 companies raised over ₹1.5 lakh crore through mainboard IPOs, a significant leap from ₹49,435 crore raised by 57 companies in 2023 and ₹59,301 crore raised through 40 IPOs in 2022.
Foreign investors actively participated in the primary markets in 2024, purchasing IPOs worth ₹1.11 lakh crore, while selling over ₹1.02 lakh crore in secondary markets. Another milestone was the filing of 143 Draft Red Herring Prospectuses (DRHPs) with SEBI, compared to 84 in 2023 and 89 in 2022, reflecting growing investor confidence and market momentum.
Key Players to Watch in 2025 IPOs
Several prominent companies are gearing up for their IPOs in 2025. Some of the biggest names include:
- Zepto: The quick-commerce startup is expected to raise over $1 billion, banking on its rapid growth trajectory.
- Flipkart: India’s leading e-commerce giant plans to tap the market with an IPO exceeding $1 billion.
- Indira IVF: The healthcare pioneer aims to raise $400 million.
- HDFC Credila: This financial services company is also targeting over $1 billion.
Apart from these, notable players like HDB Financial Services, LG Electronics India, NSDL, Hexaware Technologies, Dr. Agarwal Health Care, Hero FinCorp, JSW Cement, and Ather Energy are in line. Their combined IPO goals total thousands of crores, further fueling the market.
Top Upcoming IPOs and Their Estimated Targets
| Company Name | Target Amount (₹ Crore) |
|---|---|
| HDB Financial Services | 12,500 |
| LG Electronics India | 15,000 |
| NSDL | 4,500 |
| Hexaware Technologies | 9,500 |
| Dr. Agarwal Health Care | 3,500 |
| Ather Energy | 4,500 |
| JSW Cement | 4,000 |
| Hero FinCorp | 3,600 |
What Makes 2025 Special for IPO Enthusiasts?
The IPO rush in 2025 is driven by a mix of innovative startups and established market leaders. Companies like Zepto and Flipkart represent the rising dominance of tech-based businesses, while stalwarts like LG Electronics India and NSDL reflect strong legacy brands venturing into public markets.
Additionally, the increased regulatory filings with SEBI indicate a broader market optimism. For investors, this translates to a plethora of opportunities to diversify their portfolios across sectors like e-commerce, healthcare, electronics, financial services, and clean energy.
Investor Outlook
The Indian IPO market has been gaining global attention due to its ability to attract both domestic and international investors. With over ₹1.5 lakh crore in IPOs slated for 2025, it’s clear that companies are leveraging public funding to fuel their expansion plans.
This massive pipeline also reflects a strong appetite for growth and innovation in India’s economy. As companies prepare to launch their IPOs, market experts predict high investor participation across the board, driven by robust financials, attractive valuations, and promising growth trajectories.
Key Takeaways for 2025 IPO Investors
- Diversification: The IPOs in 2025 cover a wide range of sectors, providing diverse options for investors.
- Strong Regulations: SEBI’s streamlined approval process ensures investor protection and market integrity.
- Growth Potential: Companies like Zepto, Flipkart, and Ather Energy represent high-growth sectors that could yield significant returns.
- Global Interest: Increasing foreign participation highlights India’s growing reputation as a key investment destination.
As 2025 unfolds, the IPO market promises to deliver a host of investment opportunities for retail and institutional investors alike. Stay tuned for updates as more companies announce their plans to go public.
