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India’s startup IPO spring came into full bloom in 2025, with 18 new-age tech companies going public this year. This was 38% higher than 13 such companies that listed on the bourses last year and more than three-fold from just five in 2023.
The 18 companies that went public this year cumulatively raised INR 41,283.2 Cr via their IPOs. Of this, INR 21,474.30 Cr was raised via offers for sale (OFS) and INR 19,809.61 Cr came through fresh issue of shares.
In contrast, last year saw INR…
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