India IPO Boom: 14 Companies Hit Markets in October, Raising Record Rs 46,000 Crore

Mumbai — India’s primary market witnessed a historic surge in October, becoming the busiest month ever for mainboard initial public offerings (IPOs). A total of 14 companies launched their IPOs during the month, collectively raising an unprecedented ?46,000 crore, marking a record-breaking moment for the domestic capital markets.

The blockbuster fundraising spree was led by two heavyweight listings — Tata Capital and LG Electronics India — which together accounted for more than half of the total amount raised. Tata Capital’s IPO brought in ?15,512 crore, while LG Electronics India mobilised ?11,607 crore through its share sale.

Adding to the momentum, Lenskart Solutions opened its ?7,278-crore issue on October 31, capping off a remarkable month that also featured offerings from WeWork India, Canara HSBC Life Insurance, Orkla India, and Rubicon Research, among others.

This record-breaking performance easily surpassed the previous high set in October 2024, when six IPOs raised ?38,690 crore. It also outshone earlier peaks recorded in November 2021 (?35,665 crore from nine IPOs), November 2024 (?31,145 crore from eight IPOs), and May 2022 (?29,510 crore from eight IPOs).

Analysts said the milestone highlights the resilience and liquidity depth of India’s primary market, which continues to thrive despite volatility in the secondary market and global macroeconomic uncertainty.

So far in 2025, a total of 89 IPOs have raised more than ?1.38 lakh crore, putting this year on track to become one of the strongest ever — just behind 2024, which saw total fundraising exceed ?1.6 lakh crore. With two months remaining in the year, experts believe the previous record is likely to be surpassed, given the strong IPO pipeline for November and December.

Market observers attribute this surge to a combination of robust investor appetite, ample liquidity, and companies’ urgency to tap the markets before year-end, capitalising on the current wave of optimism.

With inputs from IANS