New Delhi, October 31 (Udaipur Kiran): October 2025 has turned out to be a historic month for India’s primary market, witnessing record fundraising of ₹46,044.8 crore through 14 mainboard IPOs. This surpassed the previous record set in October 2024, when six IPOs collectively raised ₹38,689.1 crore.
According to data from Prime Database, Tata Capital and LG Electronics accounted for the largest share of fundraising this month, together contributing ₹27,119 crore. Tata Capital’s IPO worth ₹15,512 crore was the biggest of the month, followed by LG Electronics’ ₹11,607 crore offering.
Additionally, Lenskart Solutions launched its ₹7,278.02 crore IPO this month, while other notable listings included Orkla India, Rubicon Research, WeWork India, and Canara HSBC Life Insurance — all contributing to the strong momentum in the primary market.
The record-breaking October 2025 now stands at the top in terms of total mainboard IPO proceeds. It is followed by October 2024 (₹38,689.1 crore from six IPOs) and November 2021 (₹35,664.2 crore from nine IPOs). Other active months in IPO history include November 2024 (₹31,145.1 crore), May 2022 (₹29,510.8 crore), and December 2024 (₹25,438.6 crore).
So far in 2025, the Indian primary market has seen 89 mainboard IPOs raising ₹1.38 lakh crore. In comparison, 2024 had raised ₹1.60 lakh crore through mainboard IPOs. With two months still remaining, analysts believe 2025 could set a new all-time record.
Prashant Dhami, Vice President of Dhami Securities, said that despite a weak trend in the broader market due to global pressures, the primary market has shown remarkable strength this year. “Strong market fundamentals and steady consumption outlook kept investor sentiment positive. Even amid volatility, IPO activity remained vibrant, and the year-end numbers could break past records,” he said.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
