India's IPO Market Set for $18 Billion Surge in Second Half of 2025.

Indian IPOs are expected to raise up to $18 billion in the second half of 2025, with Tata Capital Ltd. gearing up for a $2 billion IPO and other high-profile listings including ICICI Prudential Asset Management Co. and LG Electronics India. The primary market is set for a strong rebound after a slow start to the year, driven by a buoyant stock market and investor confidence returning. Over 50 IPOs are expected to tap the market by year-end.

Indian IPOs are expected to raise up to $18 billion in the second half of 2025, marking a significant rebound after a slow start to the year. According to Jefferies Financial Group, the primary market is poised for a strong recovery, with several marquee companies aiming to go public [1].

Among the most anticipated listings is Tata Capital Ltd., which is gearing up for a $2 billion IPO. Other high-profile names in the pipeline include ICICI Prudential Asset Management Co. and LG Electronics India, reflecting a diverse range of sectors from financial services to consumer goods and capital market infrastructure [1].

The first half of 2025 saw Indian IPOs raise approximately $5.3 billion, according to Primedatabase.com. Despite this slow start, the outlook has brightened, with over 50 IPOs expected to tap the market by year-end [1].

The rebound is being driven by a buoyant stock market, with the strong debut of HDB Financial Services Ltd. after its $1.5 billion offering further boosting risk appetite. Investor confidence is returning as India’s $5.4 trillion stock market climbs, fueled by foreign inflows and aggressive monetary easing by the central bank [1].

In July 2025, several IPOs are expected to debut, including Crizac, Travel Food Services, Anthem Biosciences Limited, NSDL, Tata Capital, and BlueStone Jewellery. These upcoming IPOs showcase the diverse sectors attracting investor interest in India [2].

The anticipated listings reflect a robust pipeline of companies looking to capitalize on the current market conditions. However, investors should consider each company's financial health, market position, and growth prospects before applying for the IPO.

References:

[1] https://www.bloomberg.com/news/articles/2025-07-10/india-eyes-18-billion-from-new-listings-in-second-half-rebound

[2] https://www.icicidirect.com/research/equity/finace/list-of-ipos-in-july-2025