Data from the Prime Database indicates that about Rs 1.80 lakh crore worth of public issues already have Sebi approval or are awaiting a nod, making 2025 likely to be another record year for IPOs in India.
This year’s pipeline includes 28 businesses that, after their public offerings were cleared by the capital market regulator, hope to raise up to Rs 46,000 crore. Eighty more businesses are seeking approval after attempting to raise approximately Rs 1.32 lakh crore.
The previous year was a huge success for SME public issues, raising a total of Rs 8,761 crore, 87% more than in 2023. In the past four years, the average issue of SME IPOs has also increased sixfold, reaching Rs 36 crore last year. Retail investors showed a great deal of interest in these SME offers, as seen by the average number of retail applications rising to 1.88 lakh from just 297 in 2020.
QIPs were also a popular way to raise money; in 2024, 99 firms raised Rs 1,38 lakh crore through this channel, resulting in a threefold increase in mobilization. Vedanta and Zomato had the biggest QIPs last year, each raising Rs 8,500 crore. Initial public offers (IPOs) raised Rs 64,499 crore in 2024, which accounted for 40% of the entire amount raised.
The data showed that 10 IPOs were oversubscribed more than three times, while 66 out of 91 IPOs in 2024 received more than ten times subscriptions, indicating a very encouraging level of retail demand in IPOs. Interest in the new paper was sparked by bids for shares on offer in the retail category totaling Rs 3.40 lakh crore, 113% higher than the year’s total IPO mobilization.
The average retail oversubscription was 34.15x and the average oversubscription across all categories was 45.39x, both of which were higher than 2023 and demonstrated the investor’s zeal.
