Tata, LG drive IPO frenzy in India
India’s primary market saw record activity in October, with 14 companies launching mainboard initial public offerings, aiming to raise more than Rs 46,000 crore. This made it the busiest month ever for IPOs on domestic exchanges.
Tata Capital and LG Electronics India led the surge, raising Rs 15,512 crore and Rs 11,607 crore, respectively. Their combined share sales accounted for over half the month’s total. Lenskart Solutions opened its Rs 7,278 crore issue on October 31, joining other listings from WeWork India, Canara HSBC Life Insurance, Orkla India, and Rubicon Research.
The October haul surpassed the previous monthly high of Rs 38,690 crore set in October 2024. It also exceeded fundraising peaks from November 2021, November 2024, and May 2022. So far in 2025, 89 IPOs have raised over Rs 1.38 lakh crore, nearing 2024’s full-year total of Rs 1.6 lakh crore. Analysts say strong investor appetite and the company’s urgency to list before the year’s end drove the momentum. More offerings are expected in November and December.
