India’s primary market raised ₹1.53 trillion in IPO proceeds during 2025, nearing the record ₹1.59 trillion achieved last year. Offer-for-sale components accounted for close to ₹1 trillion for the first time, supported by strong promoter monetization activity and global investor participation. Fresh issuance totaled ₹56,796 crore , reflecting consistent demand for growth capital among technology, manufacturing and consumer-facing companies. Analysts expect momentum to continue given broad fundraising pipelines and sector diversification.