Record-Breaking Fundraising in FY25

Indian companies have achieved a monumental milestone by raising a record Rs 3.8 lakh crore in the financial year 2024-25. This unprecedented amount was garnered through a mix of equity and debt markets, including IPOs, qualified institutional placements (QIPs), and rights offers.

Mega IPOs Lead the Charge

The year witnessed three mega IPOs, each raising over Rs 10,000 crore. Hyundai Motor led the pack with the largest IPO in India's history at Rs 27,859 crore, followed by Swiggy at Rs 11,327 crore, and NTPC Green Energy at Rs 10,000 crore.

Debt Instruments Also Hit All-Time High

Alongside equity, the debt market saw an all-time high of Rs 11.1 lakh crore raised, predominantly through private placements. Public offers of bonds contributed Rs 8,044 crore to this total.

Factors Behind the Fundraising Boom

Analysts attribute this surge to a robust secondary market, strong listing gains, and strategic pricing by merchant bankers. The average listing gain slightly increased to 30%, with 55 out of 78 main board IPOs offering returns over 10%.

Recent Slowdown in IPO Momentum

Despite the year's successes, the last three months have seen a significant slowdown in IPO activities, attributed to bearish sentiments and volatility in the secondary market.