India’s IPO market hits record ₹2.18 lakh crore raised year-to-date

India’s initial public offering market continues to sizzle, with companies having raised around ₹2.18 lakh crore (~$26 billion) between October 1, 2024 and October 24, 2025 — marking an all-time high. Some 288 firms filed draft prospectuses during this period, targeting a combined ₹4.18 lakh crore in proceeds. The strong momentum is attributed to robust investor appetite, improved listing valuations, and favourable macro-conditions. While larger IPOs remain selective, the SME platform and smaller-cap listing activity remain vibrant, reflecting underlying confidence in the public-markets channel.