India surpasses global IPO volumes in November; ranks second in terms of issue value with $3.7 billion, ahead of the US

India dominated global primary market activity in November, surpassing initial public offering (IPO) volume with 22 listings during the month. It also ranks second in terms of funds raised, behind only China, with public offerings worth $3.7 billion, compared to $6.3 billion in the dragon nation and ahead of the US at $2.4 billion.The global primary market remained resilient; More than a hundred companies collectively raised approximately $16 billion through IPOs worldwide. Asian markets played a dominant role, accounting for more than $12 billion of the total capital raised, according to the Sebi bulletin published on Wednesday.

Asian and other emerging economies witnessed sustained activity in primary markets, outperforming developed markets. Europe recorded relatively muted IPO issuance, the bulletin said.

November India IPO Trends

1. During the month, IPOs delivered strong performances. Eight of the twelve motherboards were listed at a premium, with an average trading day profit of 10%.
2. In the SME segment, six out of ten issues traded at a premium, with a peak daily gain of 90.5% and an average gain of 14%.
3. The northern region, with ten listings worth Rs 17,082 crore, led the capital mobilization this month, surpassing the western region.
4. During the month, seventeen bids worth Rs 6,615 crore were floated for change in control/management concluded under the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Sectoral snapshot

The data also reveals sector trends in motherboard IPOs, showing that financial services alone accounted for more than a third of the total amount raised through motherboard IPOs in FY26 through November 2025. This is followed by consumer durables, consumer services and capital goods. The top four sectors collectively raised Rs 96,068 crore, accounting for 69% of the total amount raised by motherboard IPOs.

Also read: History of IPO market scripts in India, raises record Rs 1.75 lakh crore by 2025

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