Upcoming IPOs in 2025: Key Dates and Companies to Watch
As we progress through 2025, India's financial markets are set to witness a series of significant Initial Public Offerings (IPOs). These upcoming public listings present unique investment opportunities across various sectors, reflecting the dynamic nature of the Indian economy.
This article provides an overview of the upcoming IPOs in 2025, highlighting key dates and companies to track
Overview of the IPO Market in 2025
India’s IPO market is set for significant growth in 2025, with several companies across fintech, electric vehicles, healthcare, and technology preparing for public listings. Investors can expect a mix of well-established businesses and emerging startups entering the stock market.
Favourable economic conditions, rising investor interest, and strong corporate earnings are driving the momentum for new IPOs in 2025. The Financial Times (FT) reported that India's total equity fundraising through initial public offerings (IPOs) might exceed $23 billion in 2025, a significant rise from $19.6 billion in 2024. This reflects growing market confidence and companies’ eagerness to capitalise on investor demand.
Regulatory improvements by SEBI have made IPO processes more transparent, ensuring better protection for retail investors. Additionally, digital platforms are simplifying participation in upcoming IPOs, making it easier for individuals to invest.
With a strong pipeline of companies preparing to go public, 2025 is shaping up to be a busy year for IPO activity. However, investors should carefully assess financial reports, industry trends, and market conditions before making investment decisions.
List of Upcoming IPOs in 2025
Company Name | Industry | Expected IPO Date | Estimated Issue Size (₹) | Key Details |
Tata Capital | Financial Services | Q3 2025 | To be announced | Plans to issue 230 million new shares, with existing shareholders exiting through an offer for sale. This move aligns with central bank norms requiring listing by September 2025. |
PhonePe | Fintech | To be announced | To be announced | Achieved profitability in FY 2024 with significant revenue growth. Dominates the UPI payment space with a 48.4% market share as of January 2025. |
Reliance Jio | Telecommunications | To be announced | To be announced | A major player in India's telecom sector, expected to attract substantial investor interest. |
Ather Energy | Electric Vehicles | To be announced | To be announced | An emerging leader in the electric vehicle industry, aiming to expand its market presence. |
Oravel Stays (OYO) | Hospitality | To be announced | To be announced | A leading hospitality chain offering budget accommodations across India and globally. |
Please note that the above dates and details are subject to change based on regulatory approvals and market conditions. This list is not comprehensive; it just contains some of the most prominent upcoming IPOs.
Several high-profile companies are set to launch their initial public offerings in 2025. Below are the key IPOs that have generated significant interest among investors.
1. Tata Capital IPO
Tata Capital, a subsidiary of Tata Sons, is preparing for its public listing, making it one of the most anticipated upcoming IPOs in 2025. The company is a leading financial services provider in India, offering loans, investment solutions, and wealth management services. Given the strong brand value and diverse business portfolio, Tata Capital’s IPO is expected to attract substantial investor participation. Analysts predict that the IPO could be priced competitively, making it an attractive opportunity for retail and institutional investors.
2. PhonePe IPO
PhonePe, one of India’s leading digital payment platforms, is set to go public in 2025. With a significant user base and a strong foothold in the fintech sector, the company’s listing is expected to be one of the largest in the new IPOs of 2025. PhonePe has consistently expanded its services, including mutual fund investments and insurance offerings, which could enhance its valuation. Investors looking for opportunities in the digital economy may find this IPO appealing.
3. Reliance Jio IPO
Reliance Jio’s IPO has been long-awaited, and 2025 might finally be the year it hits the stock market. As a dominant player in India’s telecom industry, Jio has revolutionised mobile data usage and is now expanding into 5G technology and digital services. The IPO calendar for 2025 lists Jio’s public offering as one of the biggest, with expectations of a multi-billion-rupee listing. Given its market position and revenue potential, many investors are keen to participate.
4. Ather Energy IPO
Ather Energy, another key player in the EV market, is planning its IPO in 2025. Known for its innovative electric scooters and charging infrastructure, Ather has gained traction among urban commuters. The company’s expansion plans and strong demand for EVs make it a noteworthy entrant in the list of upcoming IPOs in India. Investors looking to capitalise on the growing electric mobility trend may find this IPO particularly promising.
5. OYO IPO
OYO's business model revolves around providing a technology platform that empowers hotel owners and operators to enhance their services and reach a wider customer base. The proposed IPO involves a combination of a fresh issue of equity shares and an offer for sale by existing shareholders. Key aspects to consider include OYO's extensive global footprint, its technology-driven approach, and the company's financial performance, particularly its path to profitability. Potential investors should also weigh the risks associated with the hospitality industry and the competitive landscape when evaluating the OYO IPO.
These new IPOs in 2025 are expected to draw attention from both retail and institutional investors. As always, conducting thorough research and analysing financial reports will help you make informed investment decisions.
Market Trends Influencing IPOs in 2025
Several key trends are shaping the Indian IPO market in 2025:
- Diverse Sector Participation: Companies from various industries, including fintech, energy, telecommunications, and retail, are entering the public domain, offering investors a broad spectrum of opportunities.
- Strong Economic Growth: India's strong economic fundamentals have strengthened investor confidence, leading to increased participation in equity markets.
- Regulatory Developments: Enhanced regulatory frameworks and compliance requirements have improved transparency, making the IPO process more streamlined and investor-friendly.
- Technological Advancements: The rise of digital platforms and technological innovations has led to easier access to investment opportunities, attracting a younger demographic of investors.
Expert Predictions on IPO Performance
Financial analysts anticipate that the momentum in India's IPO market will stay throughout 2025. The combination of a diverse range of companies seeking public listings and favourable economic indicators suggests a beneficial environment for successful IPOs. However, experts advise potential investors to conduct thorough research, considering factors such as company fundamentals, industry position, and broader market conditions before participating in any public offering.
Conclusion
The year 2025 is set to be a landmark period for India's IPO market, with numerous high-profile companies all set to make their public debuts. These developments not only reflect the vibrancy of the Indian economy but also present investors with opportunities to diversify their portfolios. Staying informed about upcoming IPOs and understanding the market trends will be important for making informed investment decisions.
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FAQ
How can I apply for an upcoming IPO in India?
You can apply for an IPO through your bank or stockbroker by using the Application Supported by Blocked Amount (ASBA) facility, which allows the application amount to remain in your bank account until share allotment.
What are the risks associated with investing in IPOs?
Investing in IPOs comes with certain risks such as the company's future performance uncertainties, potential overvaluation, and market volatility. It's essential to research thoroughly and consider your risk tolerance before investing.
How is the IPO price determined?
The IPO price is set through book building or fixed-price methods. In book building, the company and its underwriters set a price range, and investors place bids within this range. The final price, called the cut-off price, is decided based on investor demand. In a fixed-price IPO, the company sets a predetermined price before the issue opens.
Can I sell my IPO shares immediately after listing?
Yes, once the shares are listed on the stock exchange, you can sell them at the prevailing market price. However, it's recommended to consider market conditions and the company's performance prospects before making such decisions.
Are there any tax implications for gains from IPO investments?
Yes, capital gains from IPO investments are subject to taxation. Short-term capital gains (if shares are sold within one year) are taxed at 20%, while long-term capital gains (if held for more than a year) above ₹ 1.25 Lakhs are taxed at 12.5%.
What factors should I consider before investing in an IPO?
You should evaluate the company’s financial health, growth prospects, competitive position, industry trends, and promoter credibility. Reading the company’s red herring prospectus (RHP) can provide key insights into its business model and future plans.
How can I check the IPO allotment status?-
IPO allotment status can be checked online through the registrar’s website (such as Link Intime or KFin Technologies) or on stock exchanges like NSE and BSE by entering your application details.
What happens if an IPO is oversubscribed?
In case of oversubscription, shares are allotted through a lottery system for retail investors, while institutional and high-net-worth investors may receive proportionate allotment. If you don’t get shares, the blocked funds in your account will be released.
Which upcoming IPOs in 2025 are the most anticipated?
Companies such as Tata Capital, PhonePe, Reliance Jio, and Ather Energy are expected to attract significant investor interest due to their strong market presence and growth potential. However, investment decisions should be based on thorough analysis and individual financial goals.
Can you modify or cancel an IPO application after submission?
Yes, you can modify or cancel your IPO application before the subscription period closes. Most online platforms allow changes through the IPO application section in your broker’s app or net banking portal. However, once the bidding period ends, modifications or cancellations are no longer possible.