Upcoming IPOs in 2025: A New Era for the Indian Market

As the countdown to 2025 begins, the Indian IPO landscape is buzzing with excitement. With over 35 companies already receiving the green signal from the Securities and Exchange Board of India (SEBI) and an additional 55 companies in the pipeline awaiting approval, the upcoming year promises to be a landmark period for investors and businesses alike. The IPO market in India has been thriving throughout 2024, with a remarkable 91 mainboard IPOs and 240 SME IPOs, setting the stage for a dynamic 2025.

Big Players Enter the IPO Arena

LG Electronics India

One of the most anticipated IPOs in 2025 is from South Korean electronics giant LG Electronics India. The company plans to raise an impressive ₹15,237 crore through an Offer-for-Sale (OFS) of 10.1 crore shares. This move is expected to enhance LG’s market presence and provide investors with a lucrative opportunity in the consumer electronics sector.

Hexaware Technologies

Hexaware Technologies, a prominent player in the IT services sector, is gearing up for a ₹9,950 crore IPO, marking the largest public offering in the sector in over two decades. The IPO will be entirely an OFS, backed by its parent company, Carlyle Group, and is anticipated to attract significant investor interest.

NSDL (National Securities Depository Ltd)

India’s largest depository, NSDL, is also set to make its mark with an IPO aiming to raise ₹3,000 crore via an OFS. The launch is expected in early 2025, further diversifying the offerings in the Indian IPO market.

E-commerce in the Pipeline

Zepto

Following the successful debuts of Zomato and Swiggy, quick commerce startup Zepto is looking to raise over USD 1 billion to strengthen its market position. This IPO is highly anticipated as it reflects the growing demand for rapid delivery services in the e-commerce sector.

Flipkart

Another major player, Flipkart, is expected to launch its IPO by late 2025 or early 2026. Backed by industry giants Walmart and Google, Flipkart’s IPO is poised to be one of the most significant offerings in the market, attracting considerable attention from investors.

Sector Highlights: Electric Vehicles, Cement, and More

Ather Energy

Following the successful IPO of Ola Electric Mobility, Ather Energy, another electric vehicle pioneer, is targeting ₹4,500 crore through a combination of fresh issues and OFS. This move underscores the growing interest in sustainable transportation solutions in India.

JSW Cement

JSW Cement, a key player in the cement industry, plans to raise ₹4,000 crore to expand its manufacturing capacity and reduce debt. The IPO is expected to launch in January 2025, reflecting the ongoing demand for infrastructure development in the country.

Tata Passenger Electric Mobility (TPEML)

TPEML, a subsidiary of Tata Motors, is also preparing for an IPO to bolster its electric vehicle portfolio in 2025. This move aligns with the global shift towards sustainable mobility solutions.

Financial Services in the Spotlight

Avanse Financial Services

Avanse Financial Services, a non-banking financial company (NBFC), plans to raise ₹3,500 crore through its IPO. The offering will allocate shares for Qualified Institutional Buyers (50%), Non-Institutional Investors (15%), and retail investors (35%), ensuring a broad participation base.

Hero FinCorp

The financing arm of Hero MotoCorp, Hero FinCorp, is looking to raise ₹3,600 crore to reduce debt and fuel expansion. The public offering will include a mix of fresh issues and OFS, making it an attractive option for investors.

Canara Robeco

Canara Bank’s mutual fund arm, Canara Robeco, plans to dilute a 13% stake through its IPO, providing an opportunity for investors to participate in the growing asset management sector.

HDB Financial Services

HDB Financial Services, a subsidiary of HDFC Bank, is set to raise ₹12,500 crore through a mix of fresh issues and OFS. This IPO is expected to attract significant interest due to HDFC Bank’s strong reputation in the financial services sector.

Subsidiaries of Big Players

Major corporations like Reliance Industries, HDFC Bank, and Brigade Enterprises are also preparing to list their subsidiaries. Notably, Reliance Jio’s IPO, aiming for a valuation of over USD 100 billion, could potentially become one of the largest in India’s history. Similarly, HDB Financial Services and Greaves Electric Mobility are gearing up for their public offerings, further enriching the IPO landscape.

Conclusion

The upcoming IPOs in 2025 signify a vibrant and evolving market in India, with diverse sectors represented, from technology and e-commerce to electric vehicles and financial services. As these companies prepare to make their public debut, investors are poised to benefit from the opportunities that lie ahead. With a robust pipeline of IPOs and significant backing from established players, 2025 is set to be a transformative year for the Indian stock market. Investors should stay informed and ready to seize the opportunities that this dynamic landscape presents.