India’s IPO boom cools in 2025-Can the market regain its momentum?

India’s IPO Story Sees a Sharp Rise Since 2019

India’s IPO story has seen a sharp rise since 2019, with a dramatic increase in fundraising—from ₹12,985 crore in 2019 to ₹1.19 trillion in 2021. After two relatively slower years, 2024 set a new benchmark with ₹1.69 trillion raised, according to Prime Database. But 2025 has brought a reality check.

Sreenivasulu Malkari

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