Indian IPO Market on a Hot Streak, Poised to Raise $30 Billion

If you are an investor keeping an eye on the Indian stock market, get ready for some major action. The boom in Initial Public Offerings (IPOs) is set to continue, with companies expected to raise over $30 billion in the next 12 months.

This optimistic forecast comes from Kotak Mahindra Capital Co., one of the country's top arrangers for equity deals.

This signals a strong and growing confidence among businesses in India's capital markets, paving the way for a wave of new investment opportunities.

A Robust Pipeline of 150 Companies

According to V Jayasankar, the head of investment banking at Kotak, around 150 firms are currently planning to tap the equity market.

This high number of upcoming IPOs reflects a deep-seated confidence from business owners and promoters.

"The pace of IPO filings is robust, and it reflects the deepening confidence of issuers in India’s capital markets," Jayasankar said in a recent interview.

The Market is Heating Up in 2025

While the Indian IPO market had a relatively slow start to the year after a record-breaking $21 billion was raised in 2024, activity has picked up significantly in recent months.

Market sentiment received a major boost from the recent solid debut of HDB Financial Services Ltd., whose $1.5 billion IPO was the biggest in India so far in 2025.

So far this year, companies have raised a total of $7 billion through IPOs. Investment bank Jefferies Financial Group expects this momentum to accelerate, predicting that up to $18 billion could be raised in the second half of the year alone.

The Big Names to Watch

Among the many companies gearing up to enter the market, two major players are planning billion-dollar deals that are already creating a buzz among investors.

Tata Capital Ltd. The financial services arm of the Tata Group is planning a massive IPO to raise about $2 billion.

LG Electronics Inc. (India Unit) The Indian unit of the South Korean electronics giant is also looking to tap the market, with plans to raise as much as $1.7 billion.

The Driving Force: A Growing Economy

This IPO boom is not happening in a vacuum. It is a direct reflection of India's strong and fast-growing economy.

As Jayasankar from Kotak pointed out, even if the country's GDP is not expanding at a blistering 8 percent, a steady growth rate of over 6 percent still creates immense opportunities for businesses to grow and thrive.

This economic expansion fuels the need for companies to raise capital to fund their growth, and an IPO is one of the best ways to do that.

What This Means for Investors

The next 12 months are shaping up to be an exciting period for the Indian IPO market. The strong pipeline of companies from various sectors indicates a healthy and dynamic economy.

For investors, this means a fresh set of opportunities to invest in some of India's most promising companies as they make their public market debut. As always, it is important to do your own research, but the overall market sentiment appears to be very positive.