India, Dec. 21 -- India's IPO market has crossed the century mark for the first time in 18 years, with offerings from companies like Meesho and ICICI Prudential AMC pushing the total number of listings in 2025 beyond 100. The milestone highlights the dramatic transformation of the country's capital markets, though investors are finding quick listing gains harder to achieve. Average listing-day returns have fallen to 9.4%, the lowest since 2018, reflecting the increased supply of new issues.

So far in 2025, Indian companies have raised Rs. 1.6 lakh crore, already surpassing the previous record set last year. December alone is expected to contribute nearly Rs. 30,000 crore in public issues, capping a record-breaking year for the IPO market...