Record IPO Pipeline Worth ₹1.4 Lakh Crore

Introduction

India’s stock market is gearing up for an unprecedented IPO boom, with a record IPO pipeline worth ₹1.4 lakh crore set to hit Dalal Street in 2025. According to Prime Database, 72 companies have already received SEBI approval to raise funds, while another 68 firms are awaiting clearance for ₹94,000 crore. This wave of IPOs—spanning finance, renewable energy, electronics, hospitality, and infrastructure—highlights India’s strong economic growth and investors’ appetite for fresh opportunities.

In this article, we’ll break down the record IPO pipeline worth ₹1.4 lakh crore, analyze the top upcoming IPOs, and explore what this means for retail and institutional investors.

India’s Record IPO Pipeline: An Overview

The Indian IPO market is no stranger to blockbuster listings, but 2025 is shaping up to be the biggest year yet. With 140 firms planning to raise ₹2.35 lakh crore, this pipeline reflects not just the need for corporate expansion but also regulatory mandates, investor demand, and the capital market’s resilience.

Key highlights include:

• 72 companies with SEBI approval to raise ₹1.4 lakh crore.

• 68 more firms awaiting approval for ₹94,000 crore.

• Large-cap IPOs from financial services, renewable energy, and consumer sectors.

• Increasing participation from retail and global investors.

Major IPOs in the ₹1.4 Lakh Crore Pipeline

Let’s take a closer look at some of the biggest IPOs driving this pipeline.

1. HDB Financial Services Limited

• Issue Size: ₹12,500 crore

• Structure: ₹2,500 crore fresh issue + ₹10,000 crore OFS by HDFC Bank

• Reason: Regulatory mandate by RBI requiring “Upper Layer” NBFCs to be listed by September 2025.

• Significance: One of the most anticipated IPOs of the year, offering exposure to a leading NBFC with strong parentage.

2. Hero FinCorp Limited

• Issue Size: ₹3,668 crore

• Structure: ₹2,100 crore fresh issue + ₹1,568 crore OFS

• Backed By: Hero MotoCorp group and ChrysCapital

• Purpose: Raising capital for expansion and providing exits to existing investors.

3. Vikram Solar Limited

• Issue Size: Up to ₹1,500 crore + 1.7 crore equity shares OFS

• Sector: Renewable Energy

• Objective: Funding growth and offering promoter exits amid India’s strong push for solar power.

4. LG Electronics India

• Issue Type: Pure Offer for Sale (10.18 crore shares)

• No Fresh Issue planned.

• Listing: NSE and BSE

• Importance: A globally recognized consumer brand tapping Indian capital markets for the first time.

5. Brigade Hotel Ventures

• Issue Size: ₹900 crore (full fresh issue)

• Sector: Hospitality and real estate

• Use of Funds: Business expansion and strengthening hotel ventures.

6. Karamtara Engineering Limited

• Issue Size: ₹1,750 crore

• Structure: ₹1,350 crore fresh issue + ₹400 crore OFS

• Sector: Infrastructure and engineering solutions

• Listing: Proposed on NSE and BSE.

Why the Record Pipeline Matters

The record IPO pipeline worth ₹1.4 lakh crore signifies several important market trends:

• Strong Investor Appetite – With rising retail participation and growing interest from global funds, demand for IPOs remains robust.

• Regulatory Push – RBI’s mandate for NBFCs like HDB Financial highlights how regulations are shaping the IPO market.

• Sectoral Growth – Key sectors like renewable energy, finance, and hospitality are seeking capital for expansion, reflecting India’s economic trajectory.

• Capital Market Depth – India’s stock market maturity allows it to absorb such large fundraises without destabilizing liquidity.

Record IPO Pipeline: Opportunities and Risks for Investors

Opportunities:

• Access to high-growth companies across diverse sectors.

• Potential for strong listing gains in oversubscribed issues.

• Long-term exposure to emerging leaders in finance, energy, and consumer markets.

Risks:

• Valuations may be aggressive given the strong demand.

• Market volatility could affect IPO pricing and post-listing performance.

• Oversupply of IPOs may stretch retail investors’ liquidity.

Conclusion

The record IPO pipeline worth ₹1.4 lakh crore showcases the depth, strength, and vibrancy of India’s capital markets. With companies like HDB Financial, Hero FinCorp, Vikram Solar, LG, Brigade Hotels, and Karamtara Engineering leading the charge, 2025 is set to be a landmark year for IPO activity.

For investors, this provides opportunities to gain exposure to high-growth sectors, but it also demands careful research and risk management. Platforms like ultra make it easier to track and explore such opportunities by offering access to unlisted shares and multiple investment options.

As India’s IPO boom unfolds, staying informed and strategic will be the key to making the most of this record-breaking pipeline.

FAQs

1. What is the size of India’s IPO pipeline in 2025?

The IPO pipeline stands at a record ₹1.4 lakh crore with 72 approved companies and another 68 awaiting clearance for ₹94,000 crore.

2. Which are the biggest upcoming IPOs in 2025?

Some of the largest IPOs include HDB Financial Services, Hero FinCorp, Vikram Solar, LG Electronics India, Brigade Hotels, and Karamtara Engineering.

3. Why is HDB Financial Services’ IPO significant?

It is mandated by RBI regulations requiring large NBFCs to go public by 2025, making it one of the most awaited IPOs.

4. What sectors dominate the IPO pipeline?

Financial services, renewable energy, consumer electronics, hospitality, and infrastructure are among the leading sectors.

5. Should retail investors participate in this IPO boom?

Retail investors should evaluate each IPO on fundamentals, valuations, and long-term growth prospects while managing liquidity and risk.