Overview
- SEBI reported an all‑time monthly high of Rs 41,783 crore in October 2025, driven by Tata Capital and LG Electronics India, with two of the month’s five largest global IPOs coming from India.
- IPOs in 2025 have raised a record Rs 1.77 lakh crore so far, and JP Morgan expects the full‑year tally to top USD 23 billion while projecting a long‑run issuance pace near USD 20 billion annually.
- Companies have readied a 2026 pipeline exceeding Rs 2.55 lakh crore, including 88 issues cleared by SEBI for about Rs 1.16 lakh crore and 104 awaiting approval for roughly Rs 1.4 lakh crore.
- Offer‑for‑sale blocks dominated October mainboard deals at 73 percent, with promoters and private‑equity or venture investors offloading more than Rs 1.1 lakh crore this year as fresh‑capital QIPs stayed muted.
- Market quality risks persist as about half of 2025 debutants traded below offer price, prompting warnings on mispricing and a SEBI proposal to tag pledged pre‑IPO shares as non‑transferable during lock‑in.