Details
💰 Billion-dollar pipeline: Between October and December, up to 8 bn USD could be raised through IPOs in India – potentially the second-strongest quarter ever.
🏦 Heavyweights ahead: WeWork India kicks off on October 3 (≈338 mn USD), followed by Tata Capital on October 6 (≈1.7 bn USD), and then LG Electronics India (≈1.3 bn USD). LG targets a valuation of around 8.7 bn USD.
📋 Crowded queue: Also lined up are ICICI Prudential AMC, Pine Labs (up to 720 mn USD), Canara HSBC Life, PhysicsWallah, Fractal Analytics, and Credila.
📈 Hot demand: Of 59 major IPOs in 2025, 42 gained on debut, averaging a 12% pop. Retail investors and domestic funds are driving the momentum – placing India third globally for IPO proceeds.
📊 Market backdrop: The Nifty 50 is up just 4.3% year-to-date, but strong domestic capital inflows are supporting valuations and making the market attractive for international subsidiaries.
Big Picture
India’s IPO boom highlights its growing independence from foreign capital. Local investors are fueling almost inexhaustible demand, drawing global companies to list. The country is cementing itself as one of the world’s top fundraising hubs – rising alongside New York and Hong Kong.
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