India ·

Offer-for-sale deals capture 61% of India's ₹2.3 trillion IPO haul over 18 months

Roughly ₹1.45 lakh crore of the ₹2.3 trillion mainboard IPOs have raised since January 2025 went to selling shareholders rather than company balance sheets, underscoring how thoroughly India’s IPO pipeline has become an exit channel for PE-era investors and promoters rather than a fundraising one.

India skyline
Mumbai skyline — Wikimedia Commons, CC BY-SA 3.0

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