Posted on April 14, 2025, by Niftynews
The Indian stock market may be taking a short nap this week, but investors shouldn’t get too comfortable. While there are no IPOs scheduled this week, the runway is clear for an explosive lineup of upcoming IPOs in 2025 that are likely to dominate headlines and investor interest in the months to come.
This is the first IPO-free week since January 2024, and March 2025 already made news for being the first month in over a year without a single mainboard IPO. This pause, however, is more of a strategic retreat than a slump. With global markets jittery, companies are wisely waiting for a more stable window to launch. And once that window opens, it’s going to be a deluge.
Why the Slowdown?
Before diving into the list of upcoming IPOs in 2025, let’s understand why things are quiet right now.
A combination of market volatility, international policy shifts (especially from the U.S.), and a generally risk-averse investor mood has made it harder for companies to predict IPO outcomes. So rather than rushing to list and risk poor valuations, many firms are choosing to pause, recalibrate, and wait for the dust to settle.
That said, the pipeline is full — and what’s coming is big.
Blockbuster Upcoming IPOs in 2025
Reliance Jio Infocomm
- Expected Raise: ₹40,000 crore
- Valuation: ₹10 lakh crore (~$120 billion)
- Reliance Jio could lead the IPO charge with what might become India largest IPO ever. Aiming for a Q2 or Q3 2025 listing, this telecom giant has the scale and brand strength to attract massive investor interest.
Tata Capital
- IPO Size: ₹15,000 crore
- Tata Capital plans to issue 23 crore new shares along with a major offer-for-sale component. With its strong NBFC track record, it’s one of the most highly anticipated upcoming IPOs in 2025.
PhonePe
- Valuation: $15 billion
- Backed by Walmart, PhonePe has already shifted its headquarters to India and lined up top bankers for its IPO. Expect this digital payments leader to make a huge splash.
Next-Gen Unicorns & Innovators
Ather Energy
- Fundraising Goal: ₹3,100 crore
- India’s second major EV player, after Ola Electric, is ready for its IPO debut. The company already has SEBI approval and is planning both a fresh issue and an OFS.
Zepto
- Expected Raise: $800 million–$1 billion
- The 10-minute delivery startup is moving fast — just like its service. Zepto is expected to file its DRHP by April 2025, with IPO plans targeting the second half of the year.
Financial Services & Industrial Strength
HDB Financial Services
- Raise Target: ₹12,500 crore
- Backed by HDFC Bank, this NBFC has been steadily expanding its portfolio and is now ready to go public.
Hero FinCorp
- IPO Size: ₹3,668 crore
- Another key player in the lending space, Hero FinCorp will likely attract both retail and institutional investors with its diverse product offerings.
JSW Cement
- Target: ₹4,000 crore
- As infrastructure and housing continue to boom, JSW Cement is betting on growth — and this IPO will help fund it.
Consumer Tech & Electronics: LG Electronics India
LG Electronics India
- Offer Type: Pure OFS
- IPO Size: ₹15,000 crore
- LG’s India arm is offering over 10 crore shares in a bid to dilute a 15% stake. With nearly all products manufactured locally and a strong FY24 performance (₹21,352 crore revenue and ₹1,511 crore profit), this IPO could be a major highlight of the year.
Why Upcoming IPOs in 2025 Matter to Investors
For investors, these upcoming IPOs in 2025 represent a golden opportunity. Many of the companies lining up have strong fundamentals, wide brand recognition, and growth potential across multiple sectors—from telecom and fintech to EVs and cement.
A well-timed investment in the right IPO can deliver significant returns, especially if you’re early to spot market sentiment, valuation comfort zones, and long-term narratives. Whether you’re a retail investor or an institutional player, this year’s IPO wave is one you won’t want to miss.
