The market regulator has slashed IPO approval timelines from up to 6 months down to just 3 months, a dramatic acceleration.
Riding this momentum, India has already raised $8.2 billion via IPOs year-to-date amid sluggish secondary markets.
With another $13 billion approved and $18.7 billion pending, total 2025 IPO fundraising could hit $17–$20 billion, challenging last year’s $20.5 billion record.
Companies lining up include household names such as LG Electronics India, Credila Financial Services, Physicswallah, and WeWork India—high-profile entries in the pipeline.
The regulator’s use of AI tools to scan filings and close coordination with merchant bankers is powering faster, smoother approvals.
Confidential filings—now at four times last year’s rate—suggest companies are testing market appetite discreetly.
Investors see the vibrant deal flow as a rare bright spot amid weak secondary markets, a sign of confidence in primary capital.
That said, cautious pricing remains key; weaker secondary valuations mean IPOs must be calibrated to avoid listing-day corrections.
This is India’s IPO moment—the question is whether demand can keep pace with the accelerating supply.