India Gears Up for a Record Wave of Tech Startup IPOs in 2025
India is poised for a significant surge in initial public offerings (IPOs) from tech startups in 2025, following a robust performance in 2024.
According to data from Inc42, approximately 23 Indian startups have already initiated preparations for public listings, indicating sustained momentum in this sector.
In 2024, 13 new-age tech companies were listed on Indian stock exchanges, collectively raising over ₹29,070 crore, with notable entries like Swiggy, FirstCry, and TAC Infosec.
Among the companies gearing up for listings in 2025 are CarDekho, InCred, OfBusiness, and Ola Consumer. Additionally, 11 startups have filed draft red herring prospectuses (DRHP) with the Securities and Exchange Board of India (SEBI), including Ather Energy, Ecom Express, ArisInfra, Avanse Financial Services, and BlueStone, with six receiving final approval for their offerings.
In the fintech sector, PhonePe has transitioned into a public entity in preparation for its anticipated IPO, while Razorpay is on a similar path, targeting a public listing within the next two years.
In the EdTech domain, Imarticus Learning has announced plans to file for an IPO worth ₹750 crore in the coming months, signaling a resurgence in this sector.
Analysts anticipate that 2025 will be a landmark year for Indian IPOs, with more tech startups poised to shape a new future in the stock markets, driven by innovation, rapid growth, and more mature and realistic listing strategies.
