The Indian IPO market has entered a new phase of momentum in 2025, distinguishing itself from earlier speculative cycles by focusing on genuine, sizable offerings spanning tech, finance, renewables, and market infrastructure sectors. After a tentative start to the year, a substantial post-April rebound has delivered new vibrancy, as companies like HDB Financial Services, Zepto, Vikram Solar, NSDL,Imagine Marketing (boAt) and the <a target="_blank" href="https://www.planify.in/research-report/national-stock-exchange/">National Stock Exchange</a> (NSE) prepare for long-awaited public debuts.&nbsp; The pipeline now comprises thoroughly vetted, regulator-approved deals that reflect India’s maturing capital markets and a recalibrated appetite for growth with substance over hype. Investors and analysts note that 2025–26 will bring IPOs backed by robust fundamentals, significant fresh capital raising, and greater regulatory oversight, marking a return to real, credible market opportunities .

The Indian IPO market has entered a new phase of momentum in 2025, distinguishing itself from earlier speculative cycles by focusing on genuine, sizable offerings

Big Names in Upcoming IPOs: Indian IPO Buzz Reignites Following April Rebound