Many Big Ticket IPOs to Hit Primary Market This Year Before Diwali
As the festive season of Diwali approaches, India’s primary markets are poised for an exciting wave of Initial Public Offerings (IPOs). With several marquee companies from diverse sectors gearing up to enter the stock market, investors can expect a bustling calendar filled with public issues worth thousands of crores. This article delves into the most anticipated IPOs expected to launch before Diwali 2025, highlighting their significance and potential impact on the market.
A Vibrant IPO Season Ahead
The upcoming months promise to be a busy period for investors and market watchers alike. From cement and financial services to healthcare and quick commerce, the range of sectors represented in these IPOs reflects the dynamic nature of India’s economy. As companies seek to capitalize on rising investor interest and favorable market conditions, the stage is set for a series of significant listings.
JSW Cement
Issue Size: ₹3,600 crore
Opening Date: August 7
JSW Cement, led by Sajjan Jindal, is set to make its market debut after revising its offer size down from ₹4,000 crore. The funds raised from this IPO will be directed towards capacity expansion and debt reduction, aligning with the company’s long-term growth strategy in India’s infrastructure-driven economy. This listing is particularly noteworthy as it underscores the increasing demand for cement in the wake of ongoing construction and infrastructure projects across the country.
NephroPlus
Estimated Size: ₹2,000 crore
Backed by Nephrocare Health Services, NephroPlus operates one of India’s largest dialysis networks. The company has filed its draft red herring prospectus (DRHP) with SEBI, aiming to leverage the growing investor interest in healthcare services. As the demand for quality healthcare continues to rise, NephroPlus’s IPO is expected to attract significant attention from investors looking to tap into the burgeoning healthcare sector.
NSDL (National Securities Depository Ltd.)
Estimated Size: ₹3,400–₹3,500 crore
As India’s first and oldest depository, NSDL is preparing to enter the market with a pure offer-for-sale (OFS). With a healthy grey market premium of ₹135–140, investor appetite appears strong ahead of its public debut. This IPO is particularly significant as it represents a foundational element of India’s financial infrastructure, making it a compelling investment opportunity.
Tata Capital
Expected Size: ₹15,000–₹17,000 crore
Tata Sons’ financial services arm, Tata Capital, has received SEBI clearance and is expected to launch one of the largest IPOs of the year by September. This move aligns with regulatory norms that mandate listing for large Non-Banking Financial Companies (NBFCs) under RBI guidelines. The IPO is anticipated to enhance Tata Capital’s funding capabilities and support its growth trajectory in the financial services sector.
HDB Financial Services
Estimated Size: ₹12,500 crore
A subsidiary of HDFC Bank, HDB Financial Services is set to launch its IPO as a strategic step to bolster its funding and growth plans. Investors with a keen interest in the banking and financial services sector will closely monitor this offering, given HDB’s established reputation and market presence.
Zepto
Target Size: $800 million–$1 billion (approx. ₹6,500–₹8,000 crore)
Zepto, a rapidly growing quick-commerce startup, is gearing up for its market debut before the year-end. With strong traction in metropolitan areas and an expanding footprint, Zepto is expected to attract high investor interest, particularly from the tech-savvy retail crowd. This IPO reflects the growing trend of digital commerce and the increasing demand for quick delivery services in urban India.
Reliance Jio Infocomm
Projected Size: ₹40,000–₹52,000 crore
India’s telecom giant, Reliance Jio Infocomm, is reportedly preparing for what could become the largest IPO in Indian capital markets history. Although the official date has yet to be announced, internal preparations and roadshows are already underway. This IPO is highly anticipated, given Jio’s transformative impact on the telecom sector and its vast subscriber base.
Others in the Pipeline
In addition to the aforementioned companies, a host of other firms are expected to launch IPOs ahead of the festive season. Notable names include Vikram Solar, Ather Energy, Hero FinCorp, PhonePe, and Of Business. While specific timelines remain uncertain, market conditions and regulatory approvals will play a crucial role in determining how many of these companies successfully hit the market before Diwali.
Conclusion
As Diwali approaches, the Indian primary market is set to witness a flurry of IPO activity, offering investors a diverse range of opportunities across various sectors. With marquee companies like JSW Cement, Tata Capital, and Reliance Jio Infocomm leading the charge, this IPO season promises to be both vibrant and lucrative. Investors should keep a close eye on these developments, as the upcoming listings could significantly shape the landscape of India’s capital markets in the months to come.