IPO Pipeline Strong for 2025: Nearly 70 SEBI-Approved Companies Set to Hit the Market

India’s IPO market is buzzing with anticipation as nearly 70 companies with SEBI approval are ready to launch their public issues anytime soon, according to data from Prime Database. This builds on the momentum of an already active year, pointing to a robust pipeline of Initial Public Offerings (IPOs) in 2025.

January 2025 emerged as the most active month so far, with over 25 companies filing their draft red herring prospectuses (DRHPs). However, the months of February (13 filings) and March (10 filings) saw a slowdown as the markets turned volatile. The Sensex dropped over 5.5% in February, before showing signs of recovery in March.

By April, as market sentiment improved and the index gained around 3.7%, nearly 20 companies submitted their DRHPs, showing renewed confidence among businesses in going public. The momentum has continued into May, where over half a dozen companies have already filed their IPO papers, including major names like Canara HSBC Life Insurance Company and Canara Robeco Asset Management Company.

According to Pratik Loonker, Managing Director and Head of Equity Capital Markets (ECM) at Axis Capital, the IPO market is expected to thrive. “I am very bullish. There are plenty of issues to be filed. All investment bankers have many issues in the pipeline to be filed and executed,” he said.

Loonker added that while the market may be selective in the early phase, it could open up significantly in the second half of the year, especially if market conditions remain stable. “This is definitely a better period (for IPOs),” he emphasized, suggesting that 2025 could be a high-growth year for equity fundraising.

The optimism stems from strong historical performance as well. In calendar year 2024, a record ₹1.60 lakh crore was raised through 91 IPOs, setting a benchmark for fundraising. In comparison, ₹18,704 crore has already been raised in 2025 till April through 10 main board IPOs.

Key Highlights:

• Nearly 70 SEBI-approved IPOs could launch soon.

• January 2025 saw over 25 filings, the highest so far.

• Volatility in February and March caused a brief slowdown.

• April and May have revived IPO activity with big names entering the fray.

• Market experts expect a strong second half for IPOs, if stability continues.

With the IPO pipeline growing stronger and big brands gearing up for listings, 2025 is shaping up to be a dynamic year for the Indian IPO market. The current trend signals increased investor appetite and a positive outlook for equity capital raising.