**October to Mark India’s Biggest-Ever IPO Month with $5 Billion Deals**
*By Mudit Dube | Oct 02, 2025, 10:09 AM*
India’s initial public offering (IPO) market is gearing up for a record-breaking October, with companies expected to raise over $5 billion. This surge is led by major deals such as Tata Capital Ltd.’s and LG Electronics Inc.’s Indian unit, boosting confidence in the capacity of India’s $5 trillion stock market to absorb large issuances.
### Market Dynamics: Domestic Mutual Fund Inflows Drive IPO Rush
The current IPO rush is largely fueled by strong inflows from domestic mutual funds. These inflows have helped offset foreign outflows, making India a promising destination for bankers amid global economic uncertainty.
Dhiraj Relli, Managing Director at HDFC Securities Ltd., stated, “Cash holdings by mutual funds, continuously buttressed by consistent domestic flows, have whetted investors’ appetite and positioned the market to absorb such substantial fundraising.”
### Upcoming Offerings: Major IPOs Lined Up in October
October’s IPO pipeline is packed with significant launches. WeWork India Management Ltd. plans to launch its $338 million (30 billion INR) IPO on October 3. This will be followed by Tata Capital’s massive 155 billion INR share sale on October 6.
LG Electronics’ Indian unit is also expected to raise around 115 billion INR with its public issue opening on October 7.
### Future Prospects: More Companies Preparing to Go Public
Several other companies are gearing up for their IPOs later this month. Digital payments provider Pine Labs Ltd. aims to raise as much as 60 billion INR. Canara HSBC Life Insurance Co. is preparing for a 25 billion INR IPO, while ICICI Prudential Asset Management Co. is awaiting regulatory approval for a likely public issue launch by the end of October.
### Investment Trends: Foreign Investments Decline Amid IPO Boom
While foreign investors continue to participate in primary offerings, their investments in Indian IPOs and placements have scaled back significantly—from 1.2 trillion INR in 2024 to 430 billion INR this year.
Nonetheless, Indian firms have already raised about $11.2 billion through IPOs between January and September, according to Bloomberg data. Goldman Sachs Group Inc.’s Kailash Soni estimates that an additional $8 to $10 billion could be raised in the final quarter of 2025.
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With a strong domestic investor base and a healthy pipeline of IPOs, October is shaping up to be a milestone month for India’s capital markets.
https://www.newsbytesapp.com/news/business/record-5-billion-ipos-expected-in-october/story