IPO frenzy 2025: 80+ companies awaiting SEBI nod, 28 already in pipeline

The report, citing data from Prime Database, noted that the IPO pipeline this year includes 28 companies aiming to raise ₹46,000 crore. Additionally, more than 80 companies, looking to raise ₹1.32 lakh crore, are awaiting a nod from the SEBI.

• The last calendar year saw a remarkable boom for IPOs, among small and medium-sized enterprises (SMEs), that collectively raised ₹8,761 crore, up 87% when compared to 2023. The average size of an SME issue has also increased by six times to ₹36 crore. Participation by retail investors in these SME issues increased substantially to 1.88 lakh applications as compared to only 297 in the year 2020.

• Mobilisation through Qualified Institutional Placement (QIP) tripled with 99 companies raising ₹1.38 lakh crore in 2024 through the route. Zomato and Vedantu became the largest QIPs of 2024, raising ₹8,500 crore each.

• A total of 91 companies launched mainboard IPOs in 2024, raising ₹1.6 lakh crore, achieving a 3x jump from 57 IPOs raising ₹49,436 crore in 2023.

• Many new-gen companies, including Swiggy, Mobikwik, Firstcry and Awfis, launched their IPOs last year.

• Fresh capital raised last year through public issues reached ₹64,499 crore, or 40% of the aggregate funds raised.

• 66 out of 91 IPOs in 2024 were subscribed more than 10 times in 2024 with the retail category experiencing bids worth ₹3.4 lakh crore—113% more than the total IPO mobilisation.

• The average oversubscription stood at 45.39x, with retail oversubscription at 34.15x—both surpassing the figures from 2023.

• The average listing gain climbed to 30.25%, up from 28.68% in 2023.

Data by the Prime Database showed further that as of January 9, 65 out of 91 IPOs in 2024 were trading above their issue price, with the overall average gain from these 91 issues exceeding 44%.

To top it off, as many as 20 new-age companies are expected to launch their IPOs in 2025 including Zepto, PhysicsWallah, Cardekho, Ecom Express, BoAt, Ather Energy and Avanse Financial Services.