Full List of Latest Upcoming IPOs in India: Explore upcoming IPOs in 2025 from LG Electronics, Zepto, Ather Energy and more. Stay updated on these major market entries!
Upcoming IPO 2025: As the countdown to 2025 begins, over 35 companies have secured green signal from the market regulator SEBI and 55 companies are in the pipeline awaiting the green light as of now.
Furthermore, the coming year will also witness many big-ticket companies from diverse sectors gearing up to make their public debut.
The IPO market in India has been on a high throughout 2024, with 91 mainboard IPOs and 240 SME IPOs (including BSE and NSE), paving the way.
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Let’s now take look at the IPOs lined up for the coming year, 2025:
Big Players Enter the IPO Arena
LG Electronics India
One of the most anticipated IPO in 2025 is of the South Korean electronics giant. The company, through the issue, plans to raise Rs 15,237 crore through an Offer-for-Sale (OFS) of 10.1 crore shares.
Hexaware Technologies
The IT services company is set for a Rs 9,950 crore IPO, making it the largest public offer in the sector in over two decades. The IPO is entirely an OFS, backed from its parent, Carlyle Group.
NSDL (National Securities Depository Ltd)
NSDL, India’s largest depository, aims to raise Rs 3,000 crore via an OFS. The IPO is expected to launch in the early 2025.
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E-commerce in the pipeline
Zepto
After Zomato and Swiggy debut on the stock market, another quick commerce startup, Zepto aims to raise over USD 1 billion to bolster its market position.
Flipkart
The e-commerce giant, Flipkart is also expected to launch its IPO by late 2025 or early 2026. With backing from Walmart and Google, this e-commerce giant’s IPO could also possibly be one of the major looking forward issues by investors.
Sector Highlights: Electric Vehicles, Cement, and More
Ather Energy
After the EV maker Ola Electric Mobility debuted on the Indian Bourses this year, another EV pioneer, Ather Energy is targeting Rs 4,500 crore through a combination of fresh issue and OFS.
JSW Cement
A key player in the cement industry, JSW Cement is also planning to raise Rs 4,000 crore to expand its manufacturing capacity and reduce debt. The IPO is expected in January 2025, as per reports.
Tata Passenger Electric Mobility (TPEML)
A subsidiary of Tata Motors, TPEML plans to launch its IPO to strengthen its EV portfolio, in 2025
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Financial Services in the Spotlight
Avanse Financial Services
The NBFC plans to raise Rs 3,500 crore. Its IPO structure reserves allocations for Qualified Institutional Buyers (50%), Non-Institutional Investors (15%), and retail investors (35%).
Hero FinCorp
The financing arm of Hero MotoCorp, Hero FinCorp plans for Rs 3,600 crore to reduce debt and fuel expansion. The public offering includes a mix of fresh issues and OFS.
Canara Robeco
Canara Bank’s mutual fund arm plans to dilute a 13 per cent stake through its IPO.
HDB Financial Services
A subsidiary of HDFC Bank, HDB Financial Services plans to raise Rs 12,500 crore through a mix of fresh issue and OFS.
Subsidiaries of Big players
Major players like Reliance Industries, HDFC Bank, and Brigade Enterprises are also preparing to list their subsidiaries. Reliance Jio’s IPO, aiming for a valuation of over USD 100 billion, could possibly be one of the largest in India’s history. Similarly, HDB Financial Services and Greaves Electric Mobility are gearing up for public offerings.
