Upcoming Indian IPOs 2025
Upcoming Indian IPOs 2025: Several high-profile IPOs have already launched in 2025, but marquee deals like NSDL, Lenskart, and PhysicsWallah are still on the horizon. Investors can expect big developments as the market gears up for these potential multi‑thousand‑crore offerings.
Major IPOs That Have Age:
Four significant IPOs—such as HDB Financial Services, Brigade Hotel Ventures, Shanti Gold, and Pushpa Jewellers—have already completed their listing process earlier this July. These issues saw decent subscription levels, some offering strong grey-market gains, and generated solid investor interest.
Upcoming IPOs Still To Watch
NSDL IPO (July 30)
Issue size: Approx. ₹4,000 cr OFS-only
Price band: ₹760–₹800 per share (~22% below unlisted valuation)
Why it matters: As India’s largest depository, backed by NSE and major banks, NSDL’s IPO is considered stable, long-term infrastructure investment
Lenskart IPO (DRHP filed)
IPO size: Targeting ₹2,150 cr fresh issue; total worth ₹8,000 cr
Status: SEBI-approved draft; full launch expected later in 2025
Focus: Expansion, omnichannel growth in the eyewear segment
PhysicsWallah (PW)
IPO size: Estimated ₹4,600 cr (~₹46 bn) including fresh issue and OFS
Status: Filed DRHP via SEBI’s confidential route; big move expected post-July rollout
Why it’s big: Ed-tech unicorn heading to market amid rising investor appetite
Next in Queue: SEBI‑Approved Names
Several other upcoming mainboard IPOs have received SEBI nod and are likely to launch in the next 1–2 months:
| Company | Sector | Expected IPO Size |
|---|---|---|
| Tata Capital | NBFC / Financial | ₹17,200 cr |
| LG Electronics India | Consumer Electronics | ₹15,000 cr |
| Groww | Fintech Platform | ₹5,950 cr |
| SK Finance | NBFC (MSME Lending) | ₹2,200 cr (~₹500 cr fresh) |
These large-scale offerings could together raise over ₹2.6 lakh crore in the second half of 2025, dominating the IPO calendar.
Read More..- Brigade Hotel Ventures IPO Sees Strong Demand on Final Day
What This Means for Investors
Despite four out of six big IPOs already listing, several heavyweight issues still await.
Quality of NSDL, Lenskart, and PhysicsWallah stands out for long-term investors.
Stampede from domestic retail and institutional players is expected if valuations remain attractive.
Prospective investors must review DRHP filings, price bands, sector outlook, and grey market premiums (GMPs) before applying.
