Synopsis: In 2025 there were 377 IPOs that were issued in the Indian Stock markets, out of which certain IPOs raised as much as Rs 15,500Cr from the markets, making a name for themselves as one of the largest fundraisers in 2025, backed by hype for the listing over the years.
An Initial Public Offering or an IPO is a milestone for private companies that are aiming to raise capital by issuing shares to the public. By going public for the very first time, companies use these funds for expansion, debt reduction, strategic projects, and also to enhance their visibility and credibility in the market.
In the past few years, the Indian IPO market has witnessed significant growth, which is being driven by strong investor appetite, robust regulatory frameworks, and the emergence of new age companies.
In 2025, the Indian stock markets witnessed 377 IPOs, collectively raising a significant amount of capital, where some IPOs have alone raised up to Rs 15,500 crore. The following is a list of companies that raised huge funds through their IPOs, all of which were issued in 2025.
1. Tata Capital Limited
Tata Capital Ltd. is the financial services division of the Tata Group, providing commercial & retail lending, wealth management, and infrastructure finance services. This company was incorporated in 2007 and is headquartered in Mumbai, India.
Tata Capital Limited’s IPO, with an issue size of Rs 15,511.87 crore (Rs 8,665.87 crore is offer for sale and Rs 6,846.00 crore is fresh issue), was open from October 6, 2025, to October 8, 2025, with a price band of Rs 310 to Rs 326, and its issue price at Rs 326. The shares were listed on BSE and NSE on 13th October, 2025, at Rs 330, and witnessed a gain of 1.23 percent taking the stock up by Rs 4 on the listing day.
The objectives of the IPO includes- Strengthening the company’s Tier-I capital to meet future funding needs and support onward lending.
In Q2FY26, TATA Capital saw a YoY revenue growth of 7.6 percent, going from Rs 7,185 Cr in Q2FY25 to Rs 7,737 Cr in Q2FY26, while the QoQ went up by 1 percent from Rs 7,665 Cr in Q1FY26. The YoY Net Profits fell by 1.2 percent, going from Rs 1,133 Cr in Q2FY25 to Rs 1,119 Cr in Q2FY26, while the QoQ growth stood at 7.4 percent from Rs 1,041 Cr in Q1FY26.
2. HDB Financial Services Limited
HDB Financial Services Ltd. is a non‑banking finance company or NBFC, and is a subsidiary of HDFC Bank. This company offers retail and consumer loans, along with asset financing and business credit products across the country.
HDB Financial Services Limited came out with an IPO of Rs 12,500 crores (where Rs 10,000 crores is offer for sale, and Rs 2,500 Crore is fresh issue), which was open from June 25, 2025 to June 27, 2025, with a price band of Rs 700 to Rs 740, and its issue price at Rs 740 The shares were listed on BSE on 2nd July, 2025 with a listing price of Rs Rs 835, and witnessed a listing gain of 12.84 percent, taking the stock up by Rs 95 on the listing day.
The objectives of the IPO includes- Strengthening the company’s Tier-I capital base to support future funding needs and enable lending across its business segments, including enterprise lending, asset finance, and consumer finance, from money raised from fresh issue.
In the latest quarter the company saw a YoY revenue growth of 13 percent, going from Rs 4,007 Cr in Q2FY25 to Rs 4,545 Cr in Q2FY26, while the QoQ went up by 1.7 percent from Rs 4,465 Cr in Q1FY26. The YoY Net Profits fell by 1.7 percent, going from Rs 591 Cr in Q2FY25 to Rs 581 Cr in Q2FY26, while the QoQ growth stood at 2.2 percent from Rs 568 Cr in Q1FY26.
3. LG Electronics India Limited
LG Electronics India Ltd. is the Indian subsidiary of South Korea’s LG Electronics, selling consumer electronics, home appliances, air‑conditioners and smart devices that are tailored for the Indian market.
LG Electronics India Limited came out with an IPO of Rs 11,607.01 crore , which was open from October 7, 2025, to October 9, 2025, with a price band of Rs 1080 to Rs 1140 , and issue price at Rs 1140. The shares were listed on the NSE and BSE on 14th October, 2025, at a price of Rs 1,710 (NSE), and witnessed a listing gain of 50 percent, taking the stock up by Rs 570, on the listing day
The objectives include gaining the benefits of listing the equity shares on the stock exchange, being entirely offer for sale.
In the latest quarter, LG Electronics saw a YoY revenue growth of 1 percent, going from Rs 6,114 Cr in Q2FY25 to Rs 6,174 Cr in Q2FY26, while the QoQ fell by 1.4 percent from Rs 6,263 Cr in Q1FY26. The YoY Net Profits fell by 27 percent, going from Rs 536 Cr in Q2FY25 to Rs 389 Cr in Q2FY26, while the QoQ fell by 24 percent from Rs 513 Cr in Q1FY26.
4. ICICI Prudential Asset Management Co. Limited
ICICI Prudential Asset Management Co. Ltd. is an Indian mutual fund and asset management company that provides diversified investment products including equity, debt, hybrid and solution‑oriented funds for retail and institutional investors. It was formed in 1993 as a joint venture between ICICI Bank (India) and Prudential plc (UK).
The company’s IPO, aggregating to Rs 10,602.65 crore (entirely an offer for sale), was open from December 12, 2025, to December 16, 2025. The IPO had a price band of Rs 2061 to Rs 2165, with its issue price at Rs 2165. The shares were listed on the NSE and BSE on December 19, 2025 with a listing price at Rs 2600 (BSE), and witnessed a gain of 20 percent taking the stock up by Rs 435, on the listing day.
The IPO objectives include gaining the benefits of listing the equity shares on the stock exchange, being completely offer for sale.
In H1FY26, ICICI Prudential saw a YoY revenue growth of 20 percent, going from Rs 2,458 Cr in Q2FY25 to Rs 2,949 Cr in Q2FY26. The YoY Net Profits growth is at 22 percent, going from Rs 1,327 Cr in Q2FY25 to Rs 1,618Cr in Q2FY26.
5. Hexaware Technologies Limited (HTL)
Hexaware Technologies Limited is a global digital and technology services company with AI at its core, offering solutions in- digital transformation, IT operations, data and AI, business process optimization, and cloud services.
Hexaware Technologies Limited came up for IPO with an issue size of Rs. 8,750 Crores (entirely an offer for sale), on February 12, 2025, and closed on February 14, 2025. The IPO had its price band set at Rs 708. The shares were listed on the NSE and BSE on February 19, 2025, with a listing price at Rs Rs 745.50 on the NSE, and had a listing gain of 5.3 percent, taking the stock up by Rs 37.5, on the listing day.
As of Q2FY26, Hexaware saw a YoY revenue growth of 11 percent, going from Rs 3,136 Cr in Q2FY25 to Rs 3,484 Cr in Q2FY26, while the QoQ went up by 6 percent from Rs 3,261 Cr in Q1FY26. The YoY Net Profits growth is at 23 percent, going from Rs 300 Cr in Q2FY25 to Rs 370 Cr in Q2FY26, while the QoQ fell by 2 percent from Rs 380 Cr in Q1FY26.
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