JPMorgan Sees India IPOs Surpass 2024 Levels as Fundraising Gathers Steam

JPMorgan Chase projects that India’s IPO market in 2025 will exceed the totals of 2024, driven by softened regulations and strong equity valuations. Till August 2025, companies raised about US$8.2 billion from 49 IPOs. Another US$13B in IPOs has regulatory approval, and US$18.7B are awaiting green light. Big names like LG Electronics, Pine Labs and Groww may lead upcoming listings, with US$7-10B more expected in new deals.