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IPO Market 2025 vs 2024: ₹15609 Cr Raised in September Alone, 6 Points
IPO Growth 2025 vs 2024: Mainboard & SME Comparison
1. Historic September 2025 IPO Surge
- 25 Mainboard IPOs → Highest in 28 years.
- Funds Raised: ₹13,300+ crore.
- 53 SME IPOs → All-time monthly record.
- Funds Raised: ₹2,309 crore.
- Combined fundraising: ₹15,609+ crore in one month.
2. Year-to-Date (YTD) SME Market in 2025
- 207 SME listings (Jan–Sep 2025).
- Funds mobilised: ₹9,129 crore.
- Already exceeded entire 2024 SME IPO total.
3. Market Performance Snapshot (September 2025)
- Sensex: +2%.
- Nifty: +2%.
- BSE MidCap: +3%.
- BSE SmallCap: +4%.
➡ Despite IPO rush, secondary markets ended in green.
4. IPO Market: 2025 vs 2024
| Segment | 2024 (Full Year) | 2025 (Jan–Sep) | Growth % | Remarks |
|---|---|---|---|---|
| Mainboard IPOs | 57 IPOs, ~₹49,440 Cr | 25 IPOs, ₹13,300+ Cr (Sept only) | Ongoing | 2025 on track to match 2024 by Q4 |
| SME IPOs | 182 IPOs, ₹4,686 Cr | 207 IPOs, ₹9,129 Cr | +95% Funds, +14% Volume | 2025 already record year |
| Total | 239 IPOs, ~₹54,126 Cr | 232+ IPOs, ~₹22,429+ Cr (till Sept) | Higher run-rate | IPO pipeline strong for Q4 |
5. Key Drivers Behind IPO Boom
- Liquidity Surge
- Mutual funds, insurers, pension funds, retail investors.
- Foreign Institutional Inflows supportive.
- High Oversubscriptions → Strong demand, though valuations high.
- SME Advantage
- Capital for expansion, tech upgrades, debt repayment.
- Enhanced visibility and investor exits.
6. Risks to Watch
- Heavy IPO flow may drain liquidity from secondary markets.
- Valuations stretched → Requires investor caution.
- Oversubscription ≠ Guaranteed long-term returns.
Expert Insights
- Ajay Bagga: “Domestic liquidity has undergone a structural lift… chasing new issues.”
- Sachin Jasuja: “SME IPO surge shows deepening of India’s capital markets.”
Disclaimer
This content is published by The Profit India for educational and informational purposes only. It is not investment advice. IPO investments involve risks, including valuation risk and market volatility. Readers should consult qualified financial advisors before making investment decisions.
