India's IPO Market Raises ₹1.7 Lakh Crore, Eyes Strong Pipeline Ahead

1 min read     Updated on 27 Dec 2025, 12:07 PM
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Reviewed by
Radhika SScanX News Team
Overview

India's IPO market raised ₹1.7 lakh crore throughout the year. The final week sees minimal activity with only Modern Diagnostic & Research Centre set to open its public offering. Despite the quiet end, a strong pipeline of 11 companies is preparing to list, indicating potential for continued IPO activity in the upcoming year.

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*this image is generated using AI for illustrative purposes only.

India's initial public offering (IPO) market has raised an impressive ₹1.7 lakh crore throughout the year. As we enter the final week, the market sees minimal activity, with only one company set to open its public offering.

Quiet End to a Robust Year

The IPO market, which has been a significant source of capital for Indian companies, is winding down with limited activity in the year's final days. This slowdown comes after a year of substantial fundraising, highlighting the robust appetite for new listings in the Indian market.

Lone IPO in the Final Week

As the year draws to a close, only one company is set to test the waters:

Company Name IPO Opening
Modern Diagnostic & Research Centre Next Week

This sole listing in the year's final week marks a quiet end to an otherwise active year for public offerings.

Strong Pipeline Ahead

Despite the current lull, the IPO market shows promising signs for the upcoming year:

IPO Pipeline
11 companies preparing to list

This robust pipeline suggests continued interest from companies in tapping the public markets for capital, potentially setting the stage for another active year ahead.

Year in Review

The total funds raised through IPOs amounted to ₹1.7 lakh crore, a significant figure that underscores the strength and attractiveness of the Indian equity markets. This substantial sum reflects the confidence of both companies and investors in the country's economic growth prospects.

Looking Ahead

As we transition into the new year, market participants will be keenly watching how the strong pipeline of 11 companies unfolds. The performance of these upcoming IPOs could set the tone for the year and provide insights into investor sentiment and market conditions.

The quiet end to the IPO market, juxtaposed with the strong pipeline ahead, presents an intriguing scenario for investors and market watchers alike. It remains to be seen how these upcoming listings will be received and whether they can match or exceed the impressive fundraising witnessed this year.

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IPO Market Ends 2025 on Quiet Note with Strong Pipeline for 2026

2 min read     Updated on 27 Dec 2025, 12:03 PM
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Reviewed by
Shraddha JScanX News Team
Overview

India's IPO market concludes 2025 with minimal activity as only Modern Diagnostic & Research Centre opens for subscription next week with a ₹37 crore SME IPO. Eleven companies are scheduled to list, with Shyam Dhani Industries commanding 100% grey market premium. The outlook for 2026 appears strong with over ₹2 lakh crore worth of IPOs approved, including major issuers like Reliance Jio and PhonePe.

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*this image is generated using AI for illustrative purposes only.

India's IPO market is heading into a quiet final week of 2025, marking a subdued end to a year that saw fundraising exceed ₹1.7 lakh crore. The week ahead is characterized more by listings than new fundraising activities, with only one company opening for subscription.

Single IPO Opening Next Week

Modern Diagnostic & Research Centre is the sole company launching its public offering next week. The diagnostics chain's SME IPO details are outlined below:

Parameter: Details
Issue Size: ₹37 crores
Opening Date: December 31
Closing Date: January 2
Listing Date: January 7
Price Band: ₹85-90
Company Valuation: ₹136 crores
Issue Type: Fresh offer

The company operates 21 diagnostic centres across eight states and reported a 55% jump in profit in FY25, with margins improving on an asset-light business model.

Eleven Companies Set to List

While fresh IPO activity remains limited, the spotlight will be on 11 companies preparing to debut, mostly on SME platforms. Grey market activity indicates selective investor optimism, with certain companies commanding notable premiums.

Top Performers in Grey Market

Company: Grey Market Premium Subscription Rate
Shyam Dhani Industries: ~100% 988x
E to E Transportation Infrastructure: 75-80% Not specified
Gujarat Kidney and Super Speciality: Flat 5.2x

Shyam Dhani Industries, a spices manufacturer, is attracting the strongest investor interest with grey market premiums suggesting potential doubling on debut. The company's IPO saw massive retail and HNI demand. E to E Transportation Infrastructure follows closely, supported by its rail systems order book and infrastructure sector tailwinds.

Mainboard Listing Highlight

Gujarat Kidney and Super Speciality represents the only mainboard listing among upcoming debuts, scheduled to list on BSE and NSE on December 30. Despite the ₹251 crore issue being subscribed 5.2 times with strong retail demand, the stock trades at flat grey market premium, indicating muted listing expectations.

Strong Pipeline for 2026

The market outlook for 2026 appears significantly more robust. Over ₹2 lakh crore worth of IPOs are already approved or awaiting regulatory clearance. Several large issuers including Reliance Jio and PhonePe are positioned for launches, with bankers expecting accelerated activity once markets reopen fully in January.

Immediate Prospects

Bharat Coking Coal (BCCL), a wholly owned subsidiary of Coal India, is expected to launch within the next two weeks. The proposed offering details include:

  • Structure: Pure offer for sale
  • Stake Sale: Approximately 10% of Coal India's equity
  • Share Volume: Nearly 46.57 crore equity shares
  • Proceeds: Entirely to Coal India (parent company)

Additional companies on the immediate horizon include Fractal, positioned as India's first AI-focused IPO, and Hero Fincorp, a leading NBFC company.

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