Upcoming IPOs List 2025: Numerous Indian companies seek to list on the public markets in 2025. Financial services and technology major IPOs bring interesting investing opportunities. Let’s examine 2025’s most anticipated IPOs.
LG Electronics India plans a ₹15,237 crore IPO, one of the largest of the year. This electronics giant plans to enter the Indian stock market with an OFS of 10.1 crore shares. LG’s significant market presence and brand value make its IPO widely anticipated by investors.
Hexaware Technologies, a top IT services business, aims to raise ₹9,950 crore via its IPO. This will be the largest IT public offer in over two decades, demonstrating rising demand for tech services and digital transformation.
The National Securities Depository Limited (NSDL), India’s top depository, plans to raise ₹3,000 crore through its IPO in early 2025. NSDL’s IPO is likely to draw investors due to its importance to India’s financial infrastructure.
An IPO over USD 1 billion by Zepto will make waves in the fast-growing quick commerce sector. Rapid delivery company wants to increase its market position and expand.
Flipkart is planning an IPO in late 2025 or early 2026. Flipkart, backed by Walmart and Google, is expected to make a splash in e-commerce.
Ather Energy, an EV pioneer, aims to raise ₹4,500 crore through new issuance and OFS. Ather Energy’s IPO might attract investors due to rising EV demand.
Another major player, JSW Cement, will launch a ₹4,000 crore IPO in January 2025. It plans to use the cash to boost production and market share.
Hero FinCorp and HDB Financial Services will launch major IPOs. Hero FinCorp seeks to raise ₹3,600 crore and HDB Financial Services ₹12,500 crore through new offerings and OFS. These IPOs demonstrate financial services’ strong growth potential.
Finally, Reliance Jio, the telecom giant, is planning one of the largest IPOs ever with a price objective of $100 billion. This IPO would transform the telecom industry and give investors a chance to invest in Jio’s growth.
These 2025 IPOs provide a variety of investment options. From technology and e-commerce to financial services and electric automobiles, the market appears promising. Stay informed and evaluate these offerings for your financial strategy.
Upcoming IPOs List 2025
Here are some of the upcoming IPOs in 2025:
| Company | Sector | Expected IPO Size | Notes |
|---|---|---|---|
| LG Electronics India | Electronics | ₹15,237 crore | Offer-for-Sale (OFS) of 10.1 crore shares |
| Hexaware Technologies | IT Services | ₹9,950 crore | The largest public offer in the sector in over two decades |
| NSDL | Depository | ₹3,000 crore | Expected to launch in early 2025 |
| Zepto | Quick Commerce | Over USD 1 billion | Aims to bolster market position |
| Flipkart | E-commerce | Late 2025 or early 2026 | Backed by Walmart and Google |
| Ather Energy | Electric Vehicles | ₹4,500 crore | Combination of fresh issue and OFS |
| JSW Cement | Cement | ₹4,000 crore | Expected in January 2025 |
| Hero FinCorp | Financial Services | ₹3,600 crore | Mix of fresh issues and OFS |
| HDB Financial Services | Financial Services | ₹12,500 crore | Mix of fresh issue and OFS |
| Reliance Jio | Telecom | Over USD 100 billion | Valuation target |
As 2025 approaches, over 35 companies have received SEBI approval, and 55 are awaiting it. The coming year will also see many big-ticket enterprises from many sectors prepare to go public. 91 mainboard IPOs and 240 SME IPOs (including BSE and NSE) boosted the Indian IPO market in 2024.
LG India Electronics
One of the most anticipated IPOs in 2025 is of the South Korean electronics giant. The offer aims to collect Rs 15,237 crore through 10.1 crore share Offers for Sale (OFS).
Hexaware Tech
The IT services company will launch a Rs 9,950 crore IPO, the largest in over two decades. The Carlyle Group-backed IPO is an OFS.
National Securities Depository Ltd.
NSDL, India’s largest depository, wants to raise Rs 3,000 crore via OFS. The IPO should launch in early 2025.
Zepto
Zepto, another rapid commerce startup, wants to raise over $1 billion to strengthen its market position after Zomato and Swiggy went public.
Flipkart
Flipkart must launch its IPO by late 2025 or early 2026. With Walmart and Google backing, this e-commerce giant’s IPO may be a significant investor focus.
Ather
Ather Energy, another EV pioneer, is targeting Rs 4,500 crore through fresh issuance and OFS after Ola Electric Mobility debuted on the Indian Bourses this year.
JSW Cement
To increase manufacturing and decrease debt, JSW Cement, a cement industry leader, plans to raise Rs 4,000 crore. Reports predict an IPO in January 2025.
