The Indian IPO market experienced notable resilience during the first half of 2025, with 108 IPO deals raising $4.6 billion. Despite a 30% decline in transaction volume compared to the previous year, the fundraising proceeds dropped marginally by 2%. This indicates that, although fewer companies accessed the public markets, the quality and scale of IPO offerings remained robust, according to data compiled by EY.
This trend suggests a more selective approach from both issuers and investors, with companies prioritising optimal market timing and valuation strategies. A cautious environment has emerged due to ongoing global uncertainties and geopolitical tensions. As a result, many high-profile companies have opted to postpone their IPOs. Nonetheless, a strong pipeline of IPOs is expected to launch in the second half of 2025, as companies position themselves for improved market conditions.
