Blockbuster November Ahead for India’s IPO Market with Over Rs 76,000 Crore in Issues
India's IPO market is set for a record-breaking November with public issues exceeding Rs 76,000 crore across sectors like technology, fintech, renewables, and consumer goods. Major companies such as Lenskart, Groww, ICICI Prudential AMC, and Pine Labs are expected to launch IPOs, fueled by a rebounding secondary market and investor enthusiasm, particularly from domestic investors.
India's IPO market anticipates an unprecedented surge in November 2025, with over Rs 76,000 crore worth of public offerings slated across a diversified range of sectors including technology, fintech, renewable energy, healthcare, and consumer goods. This spike follows a strong Q4 trend and a secondary market rebound that saw indices like Sensex and Nifty gain more than 5% in October. Key upcoming IPOs include Lenskart (around Rs 7,200 crore), Groww (approximately Rs 6,600 crore), ICICI Prudential AMC (nearing Rs 10,000 crore), Pine Labs, Cleanmax Enviro Energy, and Juniper Green Energy. The surge is partly driven by compliance urgency with US financial statement rules before year-end and increased confidence among investors. The IPO market is also witnessing a structural shift, with domestic investors now accounting for nearly 75% of investments, totaling Rs 979 billion, surpassing foreign fund contributions. This trend highlights expanded retail participation through mobile trading apps and increased mutual fund inflows. Companies like ICICI Prudential AMC, with strong financial metrics and digital engagement, are expected to set benchmarks in their sectors. Meanwhile, Groww’s IPO, valuing the company at nearly Rs 62,000 crore, is poised to open in early November, reflecting rapid growth and expansion in India’s digital investment platforms. Overall, the segment reflects robust investor appetite and optimism despite valuation concerns, shaping a vibrant and diversified IPO landscape for India’s capital markets in late 2025.
