New Delhi, July 19 -- Indian Initial Public Offering (IPO) activity in the first half of 2025 recorded 108 deals raising USD 4.6 billion, demonstrating market resilience despite a 30 per cent decline in transaction volume compared with the previous period, according to a report compiled by EY.

According to the report, fundraising proceeds declined only marginally by 2 per cent, indicating that while fewer companies accessed public markets, the quality and scale of offerings remained robust.

The EY stated that the trend reflects a more selective approach by both issuers and investors, with companies prioritising optimal market timing and valuation strategies.

The cautious environment has been shaped by ongoing global uncertainties and g...