Mumbai, Dec. 31 -- The average size of mainboard initial public offerings (IPOs) in India has increased sharply over the last five years, highlighting a structural shift in the country's capital markets, according to a report by Pantomath Group.

The report noted that the average mainboard IPO size rose to around Rs 1,570 crore during the 2020-2025 year-to-date period, compared with approximately Rs 1,100 crore in the 2015-2019 period. This increase reflects a clear step-change from the pre-2020 era and signals a stronger reliance on public markets by Indian companies to raise growth capital.

It stated "Average mainboard IPO size increased from approx. Rs 1,100 crore in 2015-2019 to approx. Rs 1,570 crore during 2020-2025 YTD".

Accordin...