S&P Global Report : NSE Ranked 4th Globally in IPO Fundraising in H1-CY25.
Economy Business
In July 2025, S&P Global Market Intelligence released its half-yearly IPO league table, ranking India's National Stock Exchange (NSE) 4th in the world for Initial Public Offering (IPO) fundraising during the first half of Calendar Year 2025 (H1-CY25). The report highlights India's growing capital market strength and NSE's leading role in mobilizing investor interest globally.
- According to the data, NSE mobilized a total of USD 5.51 billion through IPOs during H1-CY25, contributing 8.9% to the global IPO fundraising pool of USD 61.95 billion. This performance underlines India's rising participation in global equity capital markets and strong investor confidence in domestic listings.
- The top three global stock exchanges ahead of NSE in IPO fundraising were the Nasdaq Global Market (USD 12.96 billion), New York Stock Exchange (NYSE) (USD 8.62 billion), and Nasdaq Global Select Market (USD 7.37 billion). NSE's 4th position reflects India's competitiveness in primary market activity.
- Significantly, in terms of the number of IPOs, NSE outperformed all global exchanges by hosting 73 IPOs in H1-CY25. This figure surpasses the 66 IPOs recorded on the Nasdaq Global Market and places NSE at the top in terms of deal volume, according to the S&P Global Market Intelligence data.
Main Point :- (i) Further insights from the report revealed that Indian stock exchanges collectively witnessed 119 IPOs during H1-CY25, raising a total of ₹51,150 crore. This marks a sharp rise in fundraising activity, indicating increased issuer participation and investor appetite in Indian equities.
(ii) This performance also represents a year-on-year (Y-o-Y) growth in capital raised, with H1-CY24 having seen fundraising of ₹37,682 crore from 157 listings. Despite a lower number of listings in H1-CY25, the significant increase in total funds raised indicates the larger average size of IPOs in the current year.
(iii) This data-driven global recognition by S&P Global underscores the National Stock Exchange of India's growing role in global capital markets and reflects India's position as a robust investment destination for equity market investors.
About National Stock Exchange of India Limited
MD & CEO : Ashishkumar Chauhan
Headquarter : Mumbai
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