Upcoming IPOs for 2025 refer to the new companies planning to list their shares on the stock exchanges next year. These IPOs are expected to attract investors seeking opportunities in sectors like technology, manufacturing, and healthcare, promising growth potential and fresh investment options.
What Is An IPO?
An Initial Public Offering (IPO) is when a company offers its shares to the public for the first time. It allows the company to raise funds by selling ownership stakes. Investors can buy these shares and become part owners of the business.
An IPO helps companies raise capital to expand operations, repay debt, or fund new projects. It also improves the company’s market visibility, credibility, and public trust. By offering shares to the public, companies attract investors seeking growth opportunities. Investors benefit from potential capital appreciation and dividends as the company scales and performs well in the market. The IPO process involves appointing underwriters, preparing a draft red herring prospectus (DRHP), determining the share price, and eventually listing the shares on stock exchanges like NSE or BSE.
List Of Upcoming IPOs For 2025
The year 2025 is set to witness a robust IPO market, with several high-profile companies planning to list their shares. These IPOs span various sectors like technology, financial services, manufacturing, and electric vehicles, offering investors fresh opportunities for growth and diversification.
- LG Electronics India: LG Electronics India plans to raise ₹15,000 crore through an entirely offer-for-sale of 10.1 crore shares. The IPO aims to list on the NSE and BSE in 2025. With FY2024 revenue at ₹21,353.4 crore, it targets a valuation of up to $15 billion.
- Zepto: Zepto, the quick commerce startup, plans to raise over $1 billion. The company recently secured $350 million from domestic investors. With its Zepto Café initiative aiming to generate ₹1,000 crore, the company focuses on achieving profitability by FY2025-26 and boosting domestic ownership.
- Flipkart: Flipkart, valued at $36 billion, is preparing for its IPO by the end of 2025 or early 2026. The company has raised around $950 million from Walmart and Google. Walmart, holding an 81% stake, sees this IPO as a strategic move to realize Flipkart’s market potential while boosting its valuation.
- HDB Financial Services: HDB Financial Services, a subsidiary of HDFC Bank, has filed for a ₹12,500 crore IPO. The structure includes ₹2,500 crore as fresh issue and ₹10,000 crore as offer-for-sale. With a strong loan book of ₹98,620 crore, the company shows consistent growth and profitability.
- NSDL (National Securities Depository Ltd): NSDL plans to raise ₹3,000 crore through an entirely offer-for-sale of 5.72 crore shares. The IPO opens in December 2024 and lists in January 2025. It is a book-built issue and aims for listing on NSE and BSE.
- Hexaware Technologies: Hexaware Technologies, backed by Carlyle Group, plans to raise ₹9,950 crore. It is the largest IT sector IPO in over two decades. The offer comprises an entirely offer-for-sale structure by CA Magnum Holdings, signaling strong confidence in Hexaware’s IT service capabilities.
- Ather Energy: Ather Energy, focusing on electric vehicles, plans to raise ₹4,500 crore. The IPO includes a ₹3,100 crore fresh issue and 2.2 crore shares as OFS. Founders Tarun Mehta and Swapnil Jain will offload 1 million shares each. The launch is expected in early 2025.
- JSW Cement: JSW Cement targets to raise ₹4,000 crore through its IPO, likely in January 2025. Funds will expand cement manufacturing capacity in Nagaur, Rajasthan, and reduce outstanding debts. The company is focused on strengthening its market position and scaling production infrastructure.
- Hero FinCorp: Hero FinCorp plans to raise ₹3,600 crore to enhance its capital base, reduce debt, and support expansion plans. The IPO includes a ₹2,100 crore fresh issue and ₹1,568 crore offer-for-sale. With digital transformation on the horizon, it aims for steady growth and operational efficiency.
- Reliance Jio: Reliance Jio, valued at over $100 billion, is planning a landmark IPO in 2025. With an estimated valuation of $112 billion, the IPO is expected to be among the largest in India. It aims to expand its telecom infrastructure and enhance digital services.
- Tata Passenger Electric Mobility (TPEML): TPEML, a subsidiary of Tata Motors, plans to go public in 2025. It focuses on expanding its electric vehicle portfolio with successful models like the Nexon EV and Tiago EV. The company plans to launch 10 new electric cars, solidifying its leadership in the EV segment.
- Imagine Marketing (boAt): Imagine Marketing, the parent company of boAt, aims to raise funds at a valuation between $1.5-$2 billion. Known for its audio-focused smart wearables, it plans to use IPO proceeds to expand into new lifestyle categories, improve product offerings, and strengthen its market position.
