Introduction
India’s IPO landscape in 2025 is vibrant, with several high-profile companies preparing to go public. From electric vehicles to edtech, these IPOs offer investors a chance to participate in the growth stories of emerging sectors. But the critical question remains: Should you invest? Let’s delve into the details.
📊 What is an IPO?
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time. This transition allows companies to raise capital for expansion, debt repayment, or other operational needs. By becoming publicly listed, companies gain wider market visibility and improved credibility. It also provides early investors and founders an opportunity to partially or fully exit their investments.
Types of IPOs:
- Fixed Price IPO: Shares are offered at a predetermined price. In a Fixed Price IPO, the company sets a specific price at which its shares will be offered to investors. This fixed rate is mentioned in the prospectus, allowing investors to know the exact cost per share before applying.
- Book Building IPO: A price range is provided, and investors bid within this range. In a Book Building IPO, the company does not fix a single price for its shares. Instead, it provides a price band, and investors place bids within this range based on how much they are willing to pay. The final price, known as the cut-off price, is determined after analyzing the bids received, ensuring a more market-driven pricing mechanism.
🔍 Noteworthy IPOs in 2025 (After May 21, 2025)
Below is the updated list of IPOs that are expected to be launched or listed in India after May 21, 2025:
| Company Name | Industry | Expected Issue Size (₹ Crore) | Tentative Listing Date |
|---|---|---|---|
| Ola Electric | Electric Vehicles | 6,000 | June 2025 |
| Swiggy | Food Delivery | 10,000 | July 2025 |
| BYJU’S | EdTech | 8,500 | August 2025 |
| PharmEasy | Healthcare | 7,000 | September 2025 |
| FirstCry | E-commerce | 6,500 | October 2025 |
| OYO Rooms | Hospitality | 8,430 | July 2025 |
| Mobikwik | Fintech | 1,900 | August 2025 |
| Navi Tech | Digital Finance | 5,200 | September 2025 |
| GoDigit | Insurance Tech | 2,600 | October 2025 |
| Ixigo | Travel Technology | 1,600 | November 2025 |
Here is a detailed list of notable companies set to launch their IPOs after May 21, 2025. These IPOs span various sectors, offering a wide range of investment opportunities.
1. Schloss Hotels (The Leela) IPO
- Industry: Luxury Hospitality
- IPO Dates: May 26–28, 2025
- Listing Date: June 2, 2025
- Issue Size: ₹3,500 crore (Fresh Issue: ₹2,500 crore, OFS: ₹1,000 crore)
- Price Band: ₹413–435 per share
- Purpose: Debt repayment and expansion of hotel operations
2. Prostarm Info Systems IPO
- Industry: Power Solutions & Energy Storage
- IPO Dates: May 27–29, 2025
- Issue Size: ₹168 crore (entirely fresh issue)
- Price Band: ₹95–105 per share
- Purpose: Capital expenditure and business expansion
3. Sri Lotus Developers and Realty IPO
- Industry: Real Estate
- IPO Size: ₹792 crore
- Status: SEBI approval received; launch date pending
- Prominent Backers: Shah Rukh Khan (via family trust), Amitabh Bachchan, Hrithik Roshan, Ashish Kacholia
- Purpose: Development of upscale real estate projects in Mumbai
4. Ather Energy IPO
- Industry: Electric Vehicles (EV)
- IPO Timeline: Expected mid-2025
- Issue Size: ₹3,100 crore (Fresh Issue) + OFS of 2.2 crore shares
- Purpose: Expansion of manufacturing facilities, R&D, and debt reduction
5. Tata Capital IPO
- Industry: Financial Services (NBFC)
- IPO Timeline: Expected Q3 2025 (July–September)
- Issue Size: ₹15,000 crore
- Purpose: Strengthening lending capacity and expanding financial products
6. PhonePe IPO
- Industry: Fintech
- IPO Timeline: Expected late 2025 (October–December)
- Issue Size: ₹8,300–₹16,600 crore
- Purpose: Expansion into new financial services and technological enhancements
7. HDB Financial Services IPO
- Industry: Financial Services (NBFC)
- IPO Timeline: Expected in 2025
- Issue Size: ₹12,500 crore (Fresh Issue: ₹2,500 crore + OFS: ₹10,000 crore)
- Purpose: Capital augmentation and business expansion
8. JSW Cement IPO
- Industry: Cement Manufacturing
- IPO Timeline: Expected in 2025
- Issue Size: ₹4,000 crore (Fresh Issue: ₹2,000 crore + OFS: ₹2,000 crore)
- Purpose: Expansion of manufacturing capacity and debt reduction
9. Zepto IPO
- Industry: Quick Commerce
- IPO Timeline: Expected in 2025
- Issue Size: ₹7,000–₹8,800 crore
- Purpose: Business expansion and technological advancements
10. LG Electronics India IPO
- Industry: Consumer Electronics
- IPO Timeline: Expected in 2025
- Issue Size: ₹15,000 crore (pure OFS)
- Purpose: Parent company stake dilution
11. boAt (Imagine Marketing) IPO
- Industry: Consumer Electronics
- IPO Timeline: Expected in FY 2025–2026
- Issue Size: ₹2,000 crore
- Purpose: Expansion into new lifestyle segments and international markets
🚀 Sectoral Insights and Opportunities
- Electric Vehicles (EV): With India’s push for sustainability, Ola Electric is poised to benefit from government incentives and rising consumer demand.
- Food Delivery: Swiggy is diversifying into instant grocery delivery (Instamart), capturing a growing urban market.
- EdTech: Despite recent regulatory challenges, BYJU’S remains a strong player with global expansion plans.
- Healthcare & Online Pharmacies: PharmEasy’s digital platform continues to meet growing healthcare needs.
- E-commerce: FirstCry’s niche focus on baby products and online penetration makes it a compelling case.
- Fintech & Insurtech: Players like Mobikwik, Navi, and GoDigit reflect the digitization of India’s financial landscape.
💡 Tip Box
“Always analyze the company’s fundamentals and market potential before investing in an IPO — don’t get swayed by the hype.”
📝 How to Apply for an IPO in India
- Open a Demat and Trading Account: Required to hold and trade shares.
- Check IPO Prospectus: Read the Red Herring Prospectus (RHP) for financials, objectives, and risk factors.
- Apply via ASBA: Use your bank’s net banking or broker’s platform.
- Wait for Allotment: Check allotment status via the registrar’s website.
- Post-listing Decision: Choose to hold or sell based on performance and long-term goals.
✅ Pros & Cons of IPO Investing
| Pros | Cons |
| Early entry into high-growth firms | Volatility after listing |
| Potential listing day gains | Risk of overvaluation |
| Portfolio diversification | Lock-in periods for promoters |
🔑 Expert Tips for IPO Investing
- Research the company’s past financial performance and future roadmap.
- Don’t invest based solely on brand popularity.
- Compare similar IPOs from the same sector.
- Consider listing trends and grey market premium (GMP).
- Keep emotions out of the decision-making process.
🎯 Final Thoughts
2025 is shaping up to be a landmark year for IPOs in India. With a surge in digital, electric, and consumer-focused companies entering the stock market, there’s ample opportunity — but also risk. Stay informed, analyze deeply, and invest wisely.
