IPO market in October posts strong gains with fund mobilisation at all-time high of Rs 41,783 crore

The initial public offerings (IPOs) market in October 2025 recorded its strongest month, driven by a surge in big-ticket listings, according to the Securities and Exchange Board of India’s latest monthly bulletin.

SEBI data showed that IPO fund mobilisation touched an all-time high of Rs 41,783 crore in October, surpassing the previous peak of Rs 36,305 crore in November 2021.

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The milestone was powered by two major issues: Tata Capital Limited and LG Electronics India Limited on the main board.

Sectorally, financial services led the mainboard IPO fundraising in FY26 up to October, accounting for 36 per cent of total mobilisation, while consumer-focused sectors and capital goods together contributed 67 per cent.

The bulletin noted a sharp increase in Offer for Sale (OFS) activity, which accounted for 73 per cent of the total funds raised through mainboard IPOs in October, the highest share recorded this year. In contrast, OFS constituted just 4 per cent of SME IPO proceeds.

Overall corporate fundraising, including equity, debt and REIT/InvIT issuances, stood at Rs 1,33,124 crore for October 2025, taking the total mobilisation for FY26 (up to October) to Rs 8,14,337 crore, SEBI said.

The Western region remained the dominant hub for capital raising activity, contributing 29 out of 63 issues and mobilising Rs 19,847 crore during the month, the report said.

The Indian equity markets performed well during October 2025, with positive returns (M-o-M) seen across broad market and sectoral indices.

The benchmark indices Nifty and Sensex posted 4.5 per cent and 4.6 per cent returns, respectively, during the month. Nifty Midcap 50 and Smallcap 100 indices also rose by 6.7 per cent and 4.7 per cent, respectively, during the month.

For the first time in six months, starting from May 2025, India’s benchmark indices outperformed MSCI World and EM indices in terms of monthly gains

Turnover in the equity cash segment declined by 4.1 per cent at NSE and by 5.5 per cent at BSE during the month.