Bloomberg Exclusive: India’s IPO Boom: 2025 Outlook featuring Dragon Fund’s CIO Ridhi Chaudhary

India’s IPO market is set for another blockbuster year in 2025, with major players like the National Stock Exchange and LG Electronics’ local unit gearing up for significant offerings. Over 300 IPOs in 2024 are expected to surpass the $17.8 billion record of 2021, fueled by strong domestic and foreign investor demand.

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India’s IPO market is set for another blockbuster year in 2025, with major players like the National Stock Exchange and LG Electronics’ local unit gearing up for significant offerings. Over 300 IPOs in 2024 are expected to surpass the $17.8 billion record of 2021, fueled by strong domestic and foreign investor demand.

Despite valuation challenges and slowing profit growth, demand for quality assets remains high. 

Despite valuation challenges and slowing profit growth, demand for quality assets remains high. As Ridhi Chaudhary, CIO at Dragon Fund, notes: “The Indian IPO market, on the back of unprecedented levels of domestic liquidity, ensures there’s enough demand for high-quality assets.”

Key IPOs to watch include Swiggy, NTPC Green Energy, and units of multinational firms like Mahle GmbH. The stage is set for a dynamic year ahead in India’s equity market.

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