What is driving the surge in demand for large IPOs in 2025?

The surge in demand for large IPOs in 2025 is being driven by institutional investors, who account for 75-80% of the total subscriptions. Investors are now more discerning, preferring to invest in profitable and proven businesses over riskier or untested ideas.

Which major IPOs in 2025 have been labeled as "blockbusters"?

Four out of the six large IPOs launched in 2025 have been labeled as "blockbusters" due to their double-digit subscription rates. These include LG Electronics India (38.17 times), Lenskart Solutions (28.35 times), HDB Financial Services, and Groww (17.6 times each).

How has the presence of a reference price in the unlisted market affected the demand for larger IPOs in 2025?

The presence of a reference price in the unlisted market for some of the larger IPOs, such as Tata Capital and HDB, has opened up short-term arbitrage opportunities for investors, encouraging them to bid for these offerings.

Home / Business and Economy / Blockbuster IPOs Defy Expectations as Investors Flock to Big-Ticket Offerings

Blockbuster IPOs Defy Expectations as Investors Flock to Big-Ticket Offerings

14 Nov

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Summary

Average IPO subscription above ₹5,000 crore reaches 17.7 times, highest since 2021
4 out of 6 large IPOs in 2025 were "blockbusters" with double-digit subscriptions
Institutional investors lead the demand, with 75-80% of subscriptions coming from them

Blockbuster IPOs Defy Expectations as Investors Flock to Big-Ticket Offerings

The year 2025 has seen a remarkable shift in the dynamics of the initial public offering (IPO) market, with larger issues drawing strong investor demand, a departure from the typical trend of lower subscriptions for big-ticket offerings.

According to the article, the average subscription for IPOs above ₹5,000 crore this year has been around 17.7 times, the highest since 2021 and well above the 8-10 times average of previous years. This surge in investor interest has been driven primarily by institutional investors, who account for 75-80% of the total subscriptions.