Indian markets recorded 4th largest fund raise via IPO route in CY25: Report

NEW DELHI, Oct 11: Indian markets recorded the fourth largest fund raise via the initial public offering (IPO) route in CY 2025, accumulating Rs 1,26,096 crore (USD 14.2 billion), according to Bernstein, a joint venture between AllianceBernstein and Societe Generale. It is widely recognized as a premier global equity research and brokerage firm, with a trading platform that spans Europe, US, Asia, and the West Asia.
The US led with Rs. 4,69,752 crore (USD 52.9 billion), followed by Hong Kong Rs 2,07,792 crore ($23.4 billion) and China Rs 1,43,856 crore ($16.2 billion).
In rupee terms, 74 companies have raised Rs 85,241 crore ($9.6 billion) from primary markets in CY25, excluding three major IPOs, WeWork India, Tata Capital, and LG Electronics India, which together aim to raise nearly Rs 30,000 crore ($3.38 billion), Bernstein said.
“The primary market mop-up in CY25 marks the third highest in the past five years, behind Rs. 1,59,784 crore ($17.99 billion) via 91 offers in 2024 and Rs 1,18,723 crore ($13.37 billion) via 63 offers in 2021,” it said.
Bernstein noted that this activity is significant as foreign institutional investors (FIIs) have withdrawn nearly Rs 1,59,840 crore ($18 billion) from India’s secondary markets this year while investing Rs 44,400 crore ($5 billion) in primary markets, reflecting a clear distinction between primary and secondary market behaviour.
Moreover, analysis of 161 companies listed since January 2024 shows that IPO investments have generally outperformed broad market indices, beating Nifty returns in five of the last seven quarters, with 61pc outperforming Nifty in the past six months.
Average listing gains stood at 22pc, with over 53pc delivering double-digit returns.
Highlighting the sectoral trends, Bernstein said that 28 IPOs came from consumer tech, green energy and digital industries.
On the other hand, smaller IPOs performed particularly well, with sub-Rs 178 crore ($20 million) IPOs delivering nearly 40pc gains, Rs 178-355 crore ($20-40 million) IPOs at 31pc, and the largest IPOs over Rs 8,880 crore ($ 1 billion) averaging 9pc.
This data showed strong investor appetite for emerging Indian companies, and the overall trend underscores India’s growing prominence as a destination for primary market investment. (UNI)

The post Indian markets recorded 4th largest fund raise via IPO route in CY25: Report appeared first on Daily Excelsior.

News