Indian markets achieved the fourth highest funds raised through the initial public offering (IPO) mechanism in CY25, totaling Rs. 1,26,096 crore (US$ 14.2 billion), as stated by Bernstein. The United States (US) was in the lead with Rs. 4,69,752 crore (US$ 52.9 billion), succeeded by Hong Kong Rs. 2,07,792 crore (US$ 23.4 billion) and China Rs. 1,43,856 crore (US$ 16.2 billion). In rupee terms, Rs. has been raised by 74 companies. 85,241 crore (US$ 9.6 billion) is projected to come from primary markets in CY25, not including three significant IPOs—WeWork India, Tata Capital, and LG Electronics India—that collectively plan to raise nearly Rs. 30,000 crore (US$ 3.38 billion). The main market absorption in CY25 represents the third highest in the last five years, following Rs. 1,59,784 crore (US$ 17.99 billion) through 91 offers in 2024 and Rs. 1,18,723 crore (US$ 13.37 billion) through 63 offerings in 2021. Bernstein observed that this action is important since foreign institutional investors (FIIs) have pulled out almost Rs. 1,59,840 crore (US$ 18 billion) from India’s secondary markets this year while allocating Rs. 44,400 crore (US$ 5 billion) in primary markets, indicating a noticeable difference between the behaviors of primary and secondary markets. Examination of 161 firms that went public since January 2024 reveals that IPO investments have typically exceeded overall market indices, surpassing Nifty returns in five out of the last seven quarters, with 61% outpacing Nifty in the previous six months. Average listing increases were at 22%, with more than 53% providing double-digit returns. By sector, 28 IPOs (16%) originated from consumer technology, renewable energy, and digital sectors.