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Mumbai : India's IPO market witnessed one of the most vibrant periods in recent times over the past year, defying the uncertainty that has gripped secondary markets since the end of September 2024. From October 2024 to September 2025, 86 IPOs raised ₹1,70,897 crore-nearly twice the amount mobilised in the same period a year earlier.During the same period, the BSE Sensex fell 3.5% to 80,426 from 84,266, while the Nifty slipped 4.4% to 24,655 from 25,797. In comparison, the previous year, from October 2023 to September 2024, saw 88 IPOs that together raised only ₹90,436 crore. The IPO boom this year was driven by blockbuster issues, a more diverse sector mix, and a deep pool of domestic institutional money."We have seen the surge in domestic liquidity from mutual funds, insurers, and even retail investors which has reduced reliance on foreign flows," said V Jayasankar, MD, Kotak Investment Banking. "We had perhaps the best quarter for IPOs between October and December 2024, and anticipate a similar trend this year."The frenzy began in October 2024, with 30 IPOs raising ₹95,513 crore in just three months, followed by a slowdown in the first half of 2025. Activity rebounded in July-September 2025, when 37 IPOs mobilised ₹45,551 crore. 124202507In the first nine months of 2025 (January-September), 56 IPOs raised ₹75,384 crore, compared with 60 IPOs raising ₹64,011 crore in the same period of 2024. The market this year has seen more variety, with HDB Financial Services' ₹12,500-crore issue the largest so far, followed by Hexaware Technologies at ₹8,750 crore and NSDL at ₹4,010 crore."It's becoming tougher to make money in the secondary market, so a lot of that money is flowing into the primary market," said Siddarth Bhamre, head of institutional research at Asit C Mehta. "The IPO market is essentially a function of a bull market and liquidity, and this frenzy will continue."In 2024, Hyundai Motor India led the pack with a Rs 27,859-crore issue, followed by Swiggy at Rs 11,327 crore and NTPC Green Energy at Rs 10,000 crore. The top five IPOs contributed roughly 70% of that year’s mobilisation. Looking ahead, the pipeline remains strong. Jayasankar said upcoming IPOs span diverse sectors, including digital tech, NBFCs, consumer/retail, auto, renewable energy, and TMT (technology, media and telecommunications). “Going forward, there is a strong pipeline of over 150 IPOs with Sebi, both approved and awaiting approval, with a total issue size of nearly `3 lakh crore,” said Pranav Haldea, managing director at Prime Database. Among the names expected in the coming months are Tata Capital (Rs 17,000 crore), LG Electronics (Rs 10,000 crore), WeWork, Hero Fincorp, Hero Motors, and BoAt, among others.

As India clinched the Asia Cup 2025 after beating Pakistan in a thrilling final at the Dubai International Stadium on Sunday, the whole nation congratulated the Men in BlueReacting to the victory, PM Modi took to X to congratulate the Indian team for beating Pakistan by 5 wickets. “Operation Sindoor on the games field. Outcome is the same – India wins!” he said. — narendramodi (@narendramodi) India bowled out Pakistan for a modest 146 runs. In response, India chased down the target with two balls to spare, winning by five wickets. The Men in Blue had already defeated Pakistan twice in this edition of the multinational tournament.Also Read: India vs Pakistan match report- India edge past Pakistan by five wickets in a thriller to clinch 2025 Asia Cup title Tilak Varma played a pivotal role, scoring an unbeaten 69 off 53 balls. Shivam Dube contributed a quickfire 33 off 22 balls, and Rinku Singh sealed the victory with a boundary in the final over. Earlier, Pakistan had collapsed from a strong 113/1 to 146 all out in 19.1 overs. Kuldeep Yadav was instrumental in dismantling the batting lineup, taking 4 wickets for 30 runs. The intense rivalry was also marked by the lack of handshakes between players, continuing the tension observed in earlier matches of the tournament.Asia Cup victory amid controversies and geopolitical tensionsThe Asia Cup 2025 final was marred by several controversies. Pakistan's Haris Rauf and Shaheen Afridi were accused of disrespecting India's national anthem by talking during its performance. Additionally, Rauf's repeated "fighter jet" gestures, interpreted as provocative, led to widespread criticism and a 30% match fee fine imposed by the ICC. Indian captain Suryakumar Yadav also faced a similar fine for dedicating the team's victory to the victims of the Pahalgam terror attack and the Indian armed forces. The "no handshake" policy, initiated by India in the Super Four stage, continued into the final, with Yadav deliberately avoiding a handshake with a former Pakistan captain at the toss. The backdrop to these tensions includes the Pahalgam terror attack in April 2025, where 26 Indian civilians were killed. In response, India launched "Operation Sindoor," targeting militant infrastructure in Pakistan occupied Kashmir and mainland Pakistan.

Two Indian manufacturers, Laser Power & Infra Ltd (LPIL) and Indo MIM Ltd, filed draft red herring prospectuses (DRHPs) with the markets regulator Securities and Exchange Board of India (Sebi), setting the stage for initial public offerings (IPOs) that together could raise over Rs 2,200 crore. The filings mark the latest wave of industrial and engineering companies seeking public capital amid a buoyant IPO market.Indo MIM to raise Rs 1,000 crore in fresh equityBengaluru-based Indo MIM, described in an F&S report as the world’s largest manufacturer of precision engineering components using metal injection molding (MIM) technology, is looking to raise Rs 1,000 crore through a fresh issue of equity. The IPO will also include an offer for sale (OFS) of up to 12.97 crore equity shares by existing shareholders, including Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology Madras.The company plans to use Rs 720 crore from the fresh issue for pre-payment or repayment of borrowings, with the remainder earmarked for general corporate purposes. Indo MIM may also consider a pre-IPO placement of up to Rs 200 crore, which would proportionally reduce the size of the fresh issue.Founded in 1996, Indo MIM operates 15 manufacturing facilities globally, including six in India, six in the United States, two in the United Kingdom, and one in Mexico. The company serves the automotive, defence, medical, consumer, and aerospace sectors, leveraging technologies such as investment casting, precision machining, ceramic injection molding, and metal 3D printing.In FY25, the company reported revenue of Rs 3,329 crore and profit after tax of Rs 423 crore. According to the DRHP, Indo MIM has no listed peers in India and only one global listed peer, Jiangsu Gian Technology Co. Ltd, listed on the Shenzhen Stock Exchange.HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets are the book-running lead managers (BRLMs) for the IPO, with shares proposed to be listed on both BSE and NSE.Laser Power & Infra files Rs 1,200 crore IPOKolkata-based LPIL, an integrated manufacturer of power cables, conductors, and specialised components for the power transmission and distribution industry, is seeking to raise Rs 1,200 crore through a combination of fresh equity worth Rs 800 crore and an OFS of Rs 400 crore by promoters Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel.The fresh proceeds are intended to repay Rs 600 crore of outstanding borrowings and fund general corporate purposes. LPIL may also explore a pre-IPO placement of up to Rs 160 crore, which would reduce the fresh issue proportionately.Incorporated in 1988, LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 73,100 metric tonnes. Its clients include Indian Railways, several Odisha state distribution companies, and private EPC players such as Montecarlo Limited and KRYFS Power Components Limited.LPIL reported revenue of Rs 2,570 crore in FY25, growing at a ~40% CAGR from FY23, with profit after tax of Rs 106 crore. Its listed peers include Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Universal Cables.IIFL Capital Services and ICICI Securities are acting as BRLMs for the IPO, which is expected to be listed on both BSE and NSE.Also read | Swiggy shares down 21% so far in 2025. Will Rapido stake sale fuel Instamart’s next leg?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

The Indian market fell for the sixth straight session on Friday, with the Sensex and Nifty posting their steepest weekly drop in nearly seven months as U.S. curbs on H-1B visas and tariffs on branded drugs dampened sentiment.The S&P BSE Sensex dropped 733.22 points, or 0.90%, to close at 80,426.46, while the NSE Nifty 50 shed 236.15 points, or 0.95%, ending at 24,654.70.How analysts read the market pulseThe Indian market mirrored a selloff across Asian peers, with sentiment rattled by fresh tariffs targeting pharmaceuticals, dragging pharma stocks deep into the red, said Vinod Nair, Head of Research at Geojit Investments.“Meanwhile, Accenture’s weaker guidance and job cuts highlighted slowing IT spending, with AI-driven growth failing to meet expectations, prompting a broad sell-off in tech shares. Investors remain cautious, with near-term focus on domestic investment and consumption amid global uncertainty," Nair added.Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!US marketsU.S. equities climbed on Friday as inflation data largely matched expectations, though all three major indexes logged weekly losses, snapping recent winning streaks for the S&P 500 and Nasdaq.The Dow Jones Industrial Average rose 299.97 points, or 0.65%, to 46,247.29, while the S&P 500 added 38.98 points, or 0.59%, to 6,643.70. The Nasdaq Composite gained 99.37 points, or 0.44%, finishing at 22,484.07. For the week, the Dow slipped 0.2%, the S&P 500 fell 0.3%, and the Nasdaq lost 0.7%.European marketsEuropean shares recovered from a three-week trough on Friday, supported by strength in financial and industrial stocks, keeping the benchmark index flat for the week.The pan-European STOXX 600 climbed 0.8% on the day, ending the week with a marginal gain of 0.07%.Tech viewThe Nifty has slipped below all key moving averages, with momentum indicators and oscillators triggering a sell crossover on the daily chart, said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking. With the monthly F&O expiry approaching next week, elevated volatility is expected to persist.Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight"Immediate support is placed at 24,500, followed by 24,350. On the upside, a decisive move above 24,900 is essential to reverse the current bearish setup. For the upcoming week, we expect the Nifty to trade in a broader range of 24,300 to 25,100. The index remains in a downtrend, consistently forming lower highs and lower lows. It has now retraced 78.6% of its previous rally from 24,404 to the recent peak of 25,448, bringing the 24,600 zone into focus," Jain said.Most active stocks (turnover)Titan Company (Rs 2,510 crore), ICICI Bank (Rs 2,501 crore), L&T (Rs 2,196 crore), Netweb Technologies (Rs 2,089 crore), Tata Investment (Rs 1,851 crore), HDFC Bank (Rs 1,407 crore) and RIL (Rs 1,360 crore) were the most active on the BSE in value terms. High turnover often signals strong trading interest.Most active stocks (volume)Vodafone Idea (159.73 crore shares), YES Bank (8.55 crore), Adani Power (6.50 crore), Suzlon Energy (5.44 crore), Rites (3.74 crore), Eternal (2.68 crore) and Canara Bank (2.55 crore) were among the most actively traded stocks on the NSE by volume.Stocks showing buying interestGodrej Agrovet, Jupiter Wagons, Tata Investment, L&T, Netweb Technologies, HBL Power and Ipca Labs witnessed strong buying interest.Also read | Explained: What is China's anti-involution shift and how it impacts Indian stocks52-week highs and lowsOver 132 stocks hit fresh 52-week highs, including Maruti Suzuki and Netweb Technologies, while 154 stocks slipped to 52-week lows.Stocks under selling pressureWockhardt, Vodafone Idea, Laurus Labs, Intellect Design, Waaree Energies, Caplin Point and Techno Electric witnessed significant selling pressure.Sentiment meterMarket sentiment was bearish. Out of the 4,280 stocks that traded on the BSE, 3,100 declined, 1,041 advanced, and 139 remained unchanged.Also read | Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)