New Delhi, Dec. 23 -- India's IPO market has shown strong momentum in 2025, emerging as a key exit route for private equity (PE) investors, according to KPMG's Pulse of Private Equity Q3'25 report.

The report noted that India's stock markets have performed exceptionally well so far in 2025, creating a favourable environment for IPO activity. Companies operating in in-demand sectors have achieved strong exit-day multiples, often higher than those available in other jurisdictions.

"This has led more PE firms to target India-based IPO exits for their portfolio companies -- particularly companies based in India or with strong roots in India," noted the report

This strength in capital markets has encouraged a growing number of private equit...