As 2025 approaches, the excitement surrounding initial public offerings (IPOs) in India is reaching new heights. Investors are eagerly anticipating a series of high-profile listings that promise to reshape the market landscape. With industry titans and beloved brands preparing to make their debut on Dalal Street, the upcoming IPOs are generating buzz and anticipation.
Major Players Set to Make Waves
Reliance Jio is positioning itself to potentially launch the largest IPO in Indian history, aiming for a staggering ₹40,000 crore valuation. This telecommunications giant, with its extensive subscriber base and pioneering role in 5G technology, is poised to capture investor interest. Although official announcements are yet to be made, Jio’s IPO is already being touted as the event of the decade.
LG Electronics India is also gearing up for its market entry. Securing the green light from SEBI, this consumer electronics powerhouse will offer an Offer for Sale (OFS), channeling all proceeds to its South Korean parent company. Known for its presence in Indian households through products like TVs and refrigerators, LG’s IPO is highly anticipated.
Notable Upcoming IPOs
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NSDL: The National Securities Depository Limited (NSDL), India’s largest depository, is preparing its public offering. This IPO will also be an OFS, with major stakeholders like NSE and IDBI Bank divesting their shares. An NSDL official mentioned the urgency to finalize details, aiming for a launch before the end of March or early April.
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Tata Capital: Following the successful IPO of Tata Technologies, Tata Capital is set to make its mark. With ₹15,000 crore or more anticipated from this listing, the Tata Group has enlisted ten investment banks to manage the process. This could be one of the largest IPOs from the Tata umbrella.
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boAt: After previously postponing its IPO due to market conditions, the audio and wearables giant boAt is making another push with a projected ₹2,000 crore IPO. As the wearable tech market continues to thrive, boAt’s return to the public stage is eagerly awaited.
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JSW Cement: Benefiting from India’s booming real estate sector, JSW Cement has received SEBI approval for a ₹4,000 crore IPO, which will consist of both fresh shares and an OFS. This cement manufacturer is well-positioned to capitalize on rising demand.
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Zepto: The quick-commerce platform Zepto is eyeing a substantial IPO in the range of ₹7,000 to ₹8,800 crore. With a valuation of around $3.6 billion, the company plans to file its Draft Red Herring Prospectus (DRHP) by April 2025, marking a significant step in its growth journey.
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Ather Energy: As part of India’s electric vehicle revolution, Ather Energy has secured SEBI approval for its IPO. The offering will include a ₹3,100 crore fresh issue alongside an OFS, further solidifying its presence in the booming EV market.
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PhonePe: Owned by Walmart, PhonePe has emerged as a major player in the fintech space. As it gears up for its IPO, the specifics are still under wraps, but the momentum in digital payments suggests that this offering will be highly sought after.
- HDB Financial Services: HDFC Bank’s non-banking financial company, HDB Financial Services, is finally set to unveil its IPO. With an estimated ₹12,500 crore offering, this could become the largest NBFC listing in India’s history.
Conclusion
The IPO landscape in India is on the verge of a significant transformation as 2025 approaches. With a mix of established brands and innovative startups, the upcoming offerings are drawing considerable interest. Investors should keep an eye on these developments as they unfold, as each listing has the potential to make waves in the stock market.
