IPO review 2025, Dec. 21 -- The year 2025 has been a record-breaking one for the Indian primary market, even as the secondary market has continued to languish. Over 100 initial public offerings (IPOs) have been launched this year, with companies from renewable energy, healthcare, financial and new-age tech space tapping the primary market to raise funds.

Meesho, Tata Capital, HDB Financial Services, Ather Energy, Urban Company, Groww, NSDL, ICICI Prudential and BlueStone Jewellery have been some of the marquee names to tap the IPO market for fundraising.

While the IPO pipeline remained strong, the same cannot be said about the returns. Out of 106 IPOs launched this year, raising an all-time high of Rs.1.8 lakh crore, 53 offers - which i...