India's 2025 IPO market breaks records with huge investor buzz
India's IPO scene in 2025 is on a roll—IPOs above ₹5,000 crore were subscribed an average of 17.7 times, much higher than usual.
October alone brought in ₹45,242 crore from just 24 listings.
Big names and standout numbers
Six major IPOs pulled in about ₹62,000 crore together.
LG Electronics India saw the most excitement with a 38x subscription rate, followed by Lenskart at 28x.
HDB Financial Services and Groww each hit around 17x; Hexaware Technologies and Tata Capital had more modest demand.
Institutions lead the charge
Most of this action came from institutional investors—they made up nearly 80% of bids—with extra push from corporate and bank treasuries.
Investors are clearly looking for scale and strong brands, especially in financial services, which dominated October thanks to Tata Capital's massive listing.
More billion-dollar IPOs ahead?
Experts are upbeat about what's next: they expect at least seven billion-dollar IPOs in 2025 (up from two last year), with financial services, tech, and healthcare leading the way.