IPOs worth Rs 2 lakh crore expected to hit primary market in 2025; NSDL, Avanse Financial among others in pipeline

After 2024 turned out to be an outstanding year for India's IPO market, issues worth Rs 2 lakh crore are expected next year. As many as 91 companies in 2024 raked in Rs 1.6 lakh crore through the primary market issuances. This is a sharp increase over Rs 58,827 crore raised in the preceding year.

From January 1 to December 18 2024, a record-breaking 319 IPOs were launched across both the mainboard and SME segments, significantly surpassing the 243 IPOs in 2023.

As per Zee Business research inputs, 2024 recorded the highest fund raise after 2021 wherein as many as 63 companies raised a total of Rs 1.18 lakh crore.

5 highest IPO Fund raise year

Year               No Of IPOs                 Funds Raised (Cr)
2024                    91                                  1.6 Lakh
2021                    63                                  1.18 Lakh
2017                    36                                  67,147
2022                   40                                  59,301
2023                   57                                   49,435
Source: Primedatabase

Also, the inputs stressed that in 2024, the most number of draft red herring prospectus were filed with the SEBI for the IPO offer.

Year                  NO of DRHP Filed
2024                        143
2023                        84
2022                        89

IPO pipeline for 2025

A total of 34 companies have received SEBI's go-ahead to raise a total of Rs 41,462 crore through the IPO issuances. Additionally, 55 more companies are waiting to mop up a whopping sum of Rs 98,672 crore.

IPOs that have received SEBI's go-ahead

Company                     IPO Size (Est) (Cr)
NSDL                                               4500
Avanse Financial                             3500
Manjushree Technopack                 3000
Ecom Express                                 2600
SF Finance                                     2200
 

Companies waiting for SEBI's go-ahead

Company                 IPO Size (Est) (Cr)
LG Electronics                 15000
HDB Financial                 12500
Hexaware Tech                 9950
Schloss Bangalore           5000
Aether Energy                    4500