Upcoming IPO in 2025

About IPO

An IPO, or Initial Public Offering, is the process through which a previously completely private business opens up its shares to be traded in public on an exchange. When a company goes public, it hires investment banks to ensure that the IPO results in a high influx of capital from the public. Share markets are of two types: primary markets and secondary markets. Primary markets involve the public investing in the latest upcoming IPO.

The process involves significant due diligence, advertising, and regulatory compliance efforts. The public buying the newly offered shares includes both retail and institutional investors, while those selling the shares include promoters and initial investors of the company.

What are Upcoming IPO?

Upcoming IPO are initial public offers of companies that have filed the Draft Red Herring Prospectus (DRHP), and are expected to open in the coming weeks or months of 2025.

It is important to be up to date about the latest IPO in the stock market because:

• You can then properly plan your IPO investment strategy based on your research on the companies and market sentiments regarding the IPO. Therefore, you can make a more informed decision about the IPO investment.

• Even if you do not invest in an IPO right away, you can track the developments of the upcoming IPO. This will help you understand the sentiment in the market about IPO and their sectors in general. It will add to your understanding of the capital markets as a whole and help you time your investments in general.

Who Can Invest in an IPO?

The Securities and Exchange Board of India (SEBI) allows 4 categories of investors to bid for shares during an IPO process:

1. Qualified institutional investors (QIIs): QIIs include commercial banks, public institutions, mutual funds, and foreign portfolio investors registered with SEBI. SEBI regulations require that institutional investors sign a contract that locks them in the IPO for 90 days. This is done to keep volatility to a minimum throughout the IPO process.

2. Anchor investors: QIIs who apply for the IPO and have assets worth more than ₹10 crores are considered anchor investors. They are allowed to purchase up to 60% of the shares reserved for the QIIs.

3. Retail investors: Retail investors can invest up to ₹2 lakh in each new IPO. Companies must allocate at least 35% of the issue for retail investors under a quota. SEBI has also mandated that if the offer is oversubscribed, all retail investors are to be issued at least 1 lot of shares. If it is impractical to distribute one lot per investor, a lottery system will allocate the IPO shares to the general public.

4. High-net-worth individuals (HNIs) or non-institutional investors (NIIs): The investor is automatically categorised as an HNI if they opt to invest between ₹2 lakhs to ₹5 lakh investment in the IPO. On the other hand, non-institutional investors are institutions that seek to invest more than ₹2 lakh. The difference between a QII and an NII is that the NIIs are not required to be registered with the SEBI.

How to Apply for IPO?

1. Log in to the Angel One app or website and navigate to the 'IPO' section on the homepage.

2. Choose the IPO you want to invest in from the available list.

3. Review all the important IPO details, such as the maximum number of shares, investment limits, and company information.

4. Click on ‘Apply Now’, then enter the number of lots, your bid price, and your UPI ID.

5. Confirm your application and approve the payment request sent to your UPI app to finalise the IPO application process.

What is the Process of Investing in an IPO Online?

The process of investing in an IPO is a simple one. Follow these simple steps to invest in an IPO via the Angel One app:

1. Login to your Angel One account and go to the IPO section from the Home page. After due diligence, select the IPO you want to invest in under ‘Open & Upcoming’ IPO.

2. Click on ‘APPLY NOW’ to begin the process of investment.

3. Enter the number of lots, the bidding price (in case of a book building issue), and your UPI ID.

4. Click on ‘APPLY FOR IPO’ and confirm your bid.

5. Accept the payment mandate request sent to your UPI ID to block the necessary funds. Your IPO investment process is now complete!

You can also apply for an IPO directly from your bank account via ASBA (Application Supported by Blocked Amount) as long as your account has a sufficient balance. 

Although your application is submitted, you may not receive the number of shares that you applied for. The following are the reasons why that might happen - 

1. Oversubscription of the IPO - If the number of shares demanded exceeds the number of shares offered to the public in the IPO, the company may choose to distribute the available shares on a pro-rata basis.

2. Rejection of your application - Your application for IPO might be rejected if you had entered incomplete or incorrect information or you did not have adequate funds, etc. In that case your money will not be spent and you will not get any shares.

Pre-requisites for Applying for an IPO

The following are the requirements for applying for an IPO in India:

1. You must be an Indian citizen.

2. PAN card 

3. Demat account

You may not need a trading account to apply for an IPO, but you may need it to sell your holdings once the IPO shares are delivered to your account. 

It is also advised that you research the companies whose IPO you want to invest in. Without due diligence, you should not be committing a large sum of money.

How to Increase Your Chances of IPO Allotment?

You can take the following steps to increase your chances of allocation:

• Apply from multiple demat accounts.

• If there is a price band, then try bidding at the highest price.

• Make sure you apply on time i.e. before 5 PM of the final day.

• If the company going public has a parent company, you can invest in the parent company and then apply through the ‘Shareholder’ category. Then, your chances of allocation will increase.

List of Upcoming IPO in 2025

Reliance Jio IPO
Reliance Jio, a subsidiary of Reliance Industries, revolutionised India's telecom sector with affordable 4G services since its 2016 launch. Now, Jio is gearing up for a 2025 IPO with an estimated valuation exceeding ₹9.3 trillion. Known for competitive pricing, widespread network coverage, and digital services like JioTV and JioCinema, Reliance Jio represents a landmark opportunity for investors keen on India's digital growth story.

Zepto IPO
Zepto, a leading quick-commerce platform, is preparing to file its draft papers for an initial public offering (IPO) by March or April 2025. Zepto has experienced rapid growth, reporting a 120% increase in operating revenue to ₹4,454 crore in FY24.

Tata Capital IPO
Tata Capital Limited, the financial services arm of the Tata Group, has announced plans to go public with an initial public offering (IPO) estimated at approximately $2 billion (₹18,000 crore). Tata Capital IPOwill issue equity shares with a face value of ₹10 each, giving investors an opportunity to own a stake in one of India’s leading non-banking financial companies (NBFCs).

Ather Energy IPO
Ather Energy IPO is a book-built issue comprising a fresh issue of equity shares aggregating up to ₹31,000 million and an offer for sale of up to 22,000,766 equity shares. The issue is being managed by Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited as the book-running lead managers. Link Intime India Private Limited has been appointed as the registrar for the issue.

Tata Passenger Electric Mobility (TPEML) IPO
TPEML, the EV arm of Tata Motors, has a stronghold with an 80% market share in India's EV sector. Launching successful models like Nexon EV and Tiago EV, the company plans to launch 10 more EVs in the coming years. The IPO, valued between $1-2 billion, aims to expand production capacity and cement its position in the EV market. TPEML also targets luxury EVs through partnerships with Jaguar Land Rover.

Boat IPO
Popular for its affordable smartwatches, earphones, and accessories, Imagine Marketing is set to go public. The ₹2,000-crore worth boAt IPO proceeds will fund product diversification, marketing, and expansion into international markets. Known for innovative branding, boAt plans to strengthen its presence in global lifestyle segments, starting with an upcoming UAE debut.

Puranik Builders IPO
Puranik Builders, a prominent real estate developer in Mumbai and Pune, aims to raise ₹510 crore. With over 35 completed projects and 17 more in the pipeline, Puranik Builders IPO will fund ongoing projects and expansion efforts, focusing on affordable housing solutions in key metropolitan regions.

FabIndia IPO
Backed by Wipro’s Azim Premji, FabIndia is a well-known retail clothing and lifestyle brand. It plans to go public to support its growth. The ₹500 crore-worth FabIndia IPO will fund the expansion of the brand’s offline and online presence, reinforcing its position as a top player in the Indian retail market.

Tata Play IPO
Tata Play is India’s largest satellite TV operator planning to go public. Through the Tata Play IPO, major investor Walt Disney Co. aim to offload its 29.8% stake. Tata Play, formerly Tata Sky, has over 19 million subscribers and seeks to raise funds for future expansion and service improvements.

Survival Technologies IPO
Specialising in contract research and manufacturing services (CRAMS) for speciality chemicals, Survival Technologies’ IPO will expand its footprint in India and abroad. Funds will also support new product development, particularly in heterocyclic and fluoro-organic compounds.

PharmEasy IPO
API Holdings, the parent company of India’s leading digital healthcare platform, PharmEasy, has filed for its IPO with market regulator SEBI in November 2021. PharmEasy IPO will have an issue size of ₹6,250 crores. This will be an entirely fresh share issue. No shareholder or investor will be selling off their stake in the company through this IPO.

Hexagon Nutrition IPO
This research-driven nutrition company addresses food fortification, therapeutic, and clinical nutrition needs. Hexagon Nutrition IPO proceeds will fund product expansion and help combat malnutrition, positioning Hexagon as a leader in nutrition innovation in India and beyond.

Inspiria Enterprises IPO
Inspiria Enterprises is a leading enterprise solutions provider planning to go public. The Inspiria IPO is worth ₹800 crore and its proceeds will support working capital and debt repayment. Inspiria specialises in cross-vertical solutions, catering to the growing demand for digital transformation.

Sahajanand Medical Technologies IPO
Sahajanand Medical Technologies is a medical devices company focuses on vascular products. It plans to raise ₹1,500 crore via an IPO. The proceeds of Sahajanand Medical Technologies IPO will boost R&D; and expand production, addressing the global demand for advanced healthcare solutions.

Fincare Small Finance Bank IPO
With a focus on financial inclusion, Fincare serves unbanked and underserved populations, solidifying its place in India’s small finance space. Fincare SFB IPO is worth ₹1,330 crore. The proceeds will be used to enhance its Tier-1 capital and fuel loan book growth.

Skanray Technologies IPO
Specialising in medical device manufacturing, Skanray Technologies plans an IPO of ₹400 crore. The Skanray Technologies IPO proceeds will support product innovation and market expansion.

Penna Cement IPO
This Hyderabad-based cement manufacturer aims to raise ₹1,550 crore for debt reduction and capacity expansion. Penna Cement IPO will reinforce its leadership in South India while supporting plans to expand operations nationwide.

OYO IPO
India’s largest hospitality chain, OYO, plans to raise ₹8,430 crore through fresh issues and OFS. Focused on affordable, tech-driven lodging solutions, OYO IPO will fund expansion and operational improvements, targeting global markets.

List of Upcoming Mainboard IPO 2025

Benefits of Investing in Upcoming IPO with Angel One

Investing in an IPO with our platform offers a wealth of benefits that set us apart from the competition. Our seamless process, 0% commission, and research-backed advisory are just a few of the USPs that make investing with us the right choice. The seamless process from opening an account to executing trades, everything is designed to be quick and user-friendly, allowing you to focus on important things. With 0% commission, say no more hidden fees or charges. Trust is the foundation of our platform and it is built on the principles of transparency and security, ensuring that your investments are in safe hands. Whether you're a seasoned investor or just starting out, investing in IPO with our platform is the right choice.