Biggest Issue Size IPO In 2025: The domestic Initial Public Offering Market (IPO) has been busy this year, with companies raising over Rs 1.95 trillion.
According to Pantomath’s analysis the 2025 saw 373 IPOs, which comprised 103 mainboard and 270 SME.
Meanwhile, several big-ticket size mainboard issues have shaped the fundraising momentum this year, including initial share sales from Tata Capital, HDB Financial, LG Electronics, ICICI Prudential AMC and others.
Among the top 10 of these big issue size IPOs, the majority of them have not only got investors’ attention, but many of them have been listed with a decent premium as well. Meanwhile, some of them had a muted debut.
Top 10 largest IPOs in 2025 (Issue Size)
Tata Capital
The Tata Group’s non-banking financial company (NBFC) raised a whopping Rs 15,511.87 crore through its IPO launched between October 6-8 this year. The IPO price was fixed at Rs 310-326 per share. Despite the decent subscription, the shares of the Tata Capital made a muted debut at Rs 330.0 per share, a premium of 1.23 per cent.
HDB Financial
HDB Financial Services, a leading NBFC and a subsidiary of HDFC Bank, floated its Rs 12,500 crore IPO in June this year. The Initial share sale was open for subscription between June 25 to 27. The company offered the share at a price band of Rs 700-740, and the stock listed at Rs 835.0 with a decent gain of 12.84 per cent against the offered price.
LG Electronics India
LG India, India’s subsidiary of South Korea’s electronics manufacturer, raised Rs 11,607.01 crore through IPO with the shares listed on bourses with a huge premium of 50 per cent. The share sale was floated between October 7-9, with a price band fixed at Rs 1,080-1,140 per share. The stock debuted at Rs 1,710.10, up 50.01 per cent from the IPO price.
ICICI Prudential AMC
The Asset Management arm of ICICI Bank brought its Rs 10,602.65 crore IPO in the last month of the current calendar year, between December 12 to December 15. The shares, which were offered at a price band of Rs 2,061-2,165 per share, listed with a decent gain of 20.09 per cent at Rs 2,600 against the issue price.
Hexaware Technologies
The Rs 8,750 crore initial share sale of Hexaware Technologies, an IT and BPO service provider, was opened between February 12-14. The shares, which were priced at Rs 674-708 per share, listed on exchanges with a slight gain of 5.30 per cent at Rs 745.50 as compared to the issue price.
LensKart Solution
The Rs 7,278.02 crore IPO of Lenskart, the new-age eyewear company, was opened between October 31 to November 4. The Peyush Bansal-led company fixed a price band for the share sale at Rs 382-402 per share. The shares were listed in negative territory with a discount of -1.74 per cent at Rs 395.
Groww
The Fintech firm ‘Groww’ raised Rs 6,632.30 crore, launching IPO between November 4 to 7. The shares, which were offered at Rs 95-100, listed at Rs 112.0, up 12 per cent from the fixed issue price.
Meesho
The e-Commerce firms launched their Rs 5,421.20 crore share sale between December 5 to 10. The shares, which were of the company was offered at Rs 105-Rs 111 per share, gained 46.40 per cent to list at Rs 162.50 per share.
Knowledge Realty Trust REIT
The Rs 4,800 crore IPO of Knowledge Realty Trust REIT was floated from August 5 to August 7. The shares, which were offered at a price band of Rs 95-100, listed with a marginal 3 per cent premium at Rs 103 against the issue price.
NSDL
The shares of National Securities Depository Limited (NSDL) made their debut on exchanges at a 10 per cent premium on August 6. The Rs 4,010 crore IPO was opened for subscription between July 30 to August 1, and the price band was fixed at Rs 760-800 per share. The shares are listed at Rs 880 per share.