Fundraising through mainboard initial public offerings (IPOs) climbed to ₹61,500 crore in the first seven months of 2025, marking a 70% rise from ₹36,343 crore raised during the same period last year, despite global trade headwinds, geopolitical tensions, and macroeconomic challenges. However, the number of IPOs edged down to 37 from 40 a year earlier, indicating a rise in the average issue size, according to data from Prime Database.
Offer for Sale (OFS), where promoters or early investors divest their holdings, continues to dominate India’s IPO market, though the share of fresh equity capital has been steadily improving in recent years. Proceeds from fresh equity is typically applyd for expansion, deleveraging, or acquisitions, while OFS proceeds go directly to selling shareholders without strengthening the company’s balance sheet.
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