India’s record-setting fundraising spree is raising thorny questions

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Nikhil InamdarBBC News, Mumbai

Getty Images Indian women walk past the bronze bull outside the Bombay Stock Exchange, wearing traditional salwar-kurtas. Getty Images

India’s IPO bull run is being driven partly by mom-and-pop investors

India’s ravenous appetite for stock market investing has sparked a fundraising gold rush in Asia’s third largest economy, with its booming initial public offerings (IPO) market undeterred by trade tariffs or global uncertainties.

Major companies – from global co-working firm WeWork India and South Korean conglomerate LG Electronics’ India arm to financial services giant Tata Capital – have raised record-setting amounts of money just this week, offering their shares to investors through IPOs.

Unlike the secondary markets, where investors buy and sell existing stocks of companies, IPOs are used by privately held firms to sell their shares to investors for the first time, and debut on the public markets.

Some 79 companies raked in $11.5bn (£8.58bn) in the first nine months of 2025, while a string of other issues in the final…

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