Key Points

Maharashtra has emerged as the top state for equity fundraising on NSE platforms in FY25, accounting for 32% of Main Board capital. Tamil Nadu and Karnataka followed closely, collectively contributing 69% of total funds raised. The Consumer Discretionary sector dominated with 40% share, while Hyundai’s historic IPO in Kancheepuram set a new benchmark. New Delhi and Bangalore also showcased strong fundraising performances, reinforcing India’s regional financial hubs.

Key Points: Maharashtra Leads NSE Equity Fundraising with 32% Main Board Share

  • Maharashtra tops NSE Main Board with 32% capital raised
  • Tamil Nadu and Karnataka contribute 69% combined
  • Consumer Discretionary sector leads with 40% share
  • Hyundai Motor India’s Rs 27,859 crore IPO sets record
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Maharashtra tops equity fundraising on NSE in FY25, raises 32% of main board capital: NSE Report

Maharashtra dominates NSE equity fundraising in FY25, contributing 32% of Main Board capital while Tamil Nadu and Karnataka follow closely.

"Maharashtra alone contributed a commanding 32% share of total Main Board issuances, reaffirming its stature as the country’s financial epicenter – NSE Report"

Mumbai, April 29

Maharashtra has emerged as the top state in terms of equity listings and capital raised on NSE platforms in FY25, according to a report released by the National Stock Exchange (NSE).

The report highlighted that fundraising activity on the Main Board was largely concentrated in a few key economic regions. Maharashtra, Tamil Nadu, and Karnataka together raised over Rs 1 lakh crore, contributing 69 per cent of the total funds mobilised through public issues.

Maharashtra alone accounted for 32 per cent of the total capital raised on the Main Board, highlighting its position as India's financial hub.

NSE said "In FY25, capital raising activity on NSE's Main Board was heavily concentrated across key industrial and economic centres, with Maharashtra, Tamil Nadu, and Karnataka collectively accounting for 69 per cent of the total funds raised. Maharashtra alone contributed a commanding 32 per cent share of total Main Board issuances, reaffirming its stature as the country's financial epicenter".

On the SME-focused NSE Emerge platform, Maharashtra also led with a 27 per cent share of the total equity raised.

Along with Gujarat and the National Capital Territory (NCT) of Delhi, these three regions contributed a combined 62.1 per cent of the capital raised on the platform. This indicates Maharashtra's strong presence in both large and small-scale financing.

Among cities, Bangalore stood out as the top fundraising location, with 10 companies raising a total of Rs 28,062 crore on the Main Board.

Most of these listings came from the technology and consumer sectors. Meanwhile, Kancheepuram in Tamil Nadu made headlines with a single yet historic IPO -- Hyundai Motor India Ltd -- which raised Rs 27,859 crore, making it the largest IPO in India's history.

New Delhi also performed strongly, with 12 companies raising Rs 23,615 crore, underscoring the capital's robust industrial and services base.

From a sectoral perspective, the Consumer Discretionary sector led the way, with 14 companies raising Rs 64,828 crore -- 40 per cent of the total funds raised on the Main Board.

The Industrials sector followed, with 25 companies raising Rs 23,454 crore, supported by strong infrastructure spending and favourable policies. The Information Technology sector also made a significant contribution, with 6 companies raising Rs 17,508 crore, driven by continued demand for digital services and outsourcing.

In total, these three sectors -- Consumer Discretionary, Industrials, and IT -- accounted for 65 per cent of the capital raised on NSE's Main Board in FY25.

- ANI

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Reader Comments

R
Rahul K.
Maharashtra continuing to dominate the financial landscape! Not surprised given Mumbai's status as the financial capital. Though I wish other states would get more opportunities too. �
P
Priya M.
The Hyundai IPO in Kancheepuram was such a game changer! Shows how manufacturing hubs can create massive financial impact too. Tamil Nadu representing well 💪
A
Amit S.
Interesting data but I wonder if this concentration in few states is healthy for the economy long-term. Would like to see more regional diversification in future reports.
N
Neha P.
Bangalore killing it with tech listings! As someone working in IT, this makes me proud. The city's startup ecosystem is clearly paying off 🚀
S
Sanjay R.
Consumer discretionary sector leading with 40% share shows where India's spending power lies. Great indicator for retail investors to watch!
M
Meena V.
While the numbers are impressive, I think the report could benefit from more analysis on why certain regions perform better than others. What policies are working?

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