Over 100 Indian companies have filed draft IPO papers with SEBI, signaling a potential fundraising exceeding Rs 2 lakh crore in 2025. This follows a record-breaking 2024, where IPOs raised over Rs 1.62 lakh crore. Analysts cite strong market momentum, investor confidence, and India's robust macroeconomic position as contributing factors. However, caution is advised due to rich valuations; long-term investors should prioritize quality assets.