As the year 2024 is going to wrap up, many in the financial world might be wondering if the IPO fever will continue into 2025. The year 2024, made many excitement in India’s IPO market with massive listings such as Hyundai Motor India, Bajaj Housing Finance, and Ola Electric setting new records.
But without a hiatus, the dawn of 2025 is also going to shape up another blockbuster year, with a slew of big-ticket IPOs and listings on the horizon.
Let’s take a look at the IPOs that are much awaited by investors for 2025.
Big ticket IPOs to watch out for in 2025
The year 2025 could possibly be a year of Mega IPOs breaking the records of the earlier offerings, as several heavyweight companies are preparing themselves to go public, either through IPOs of their subsidiaries or direct listings.
Reliance Jio
One of the most talked about IPO in the town is Reliance Industries’ telecom arm, Reliance Jio. Although the company hasn’t announced anything of it officially, as per various reports, the telecom giant, valued at over USD 100 billion, has been on the radar for a while, and it seems like 2025 could be the year it makes its stock market debut.
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Moreover, it is also intriguing to note that if this issue makes its debut, it could be one of the largest IPOs ever seen in India, potentially surpassing the records set by Hyundai Motor India’s IPO in 2024.
LG Electronics
Another IPO in the limelight is LG Electronics India. As per reports, the company is considering an IPO for its Indian unit, and could be potentially valued at up to USD 15 billion.
HDFC Bank’s HDB Financial
Apart from the largest IPO, this year could also possibly see India’s largest-ever NBFC IPO as HDFC Bank is preparing to list its non-banking financial company (NBFC) arm, HDB Financial Services.
The bank has already filed for an IPO worth around Rs 12,500 crore, which could make it a standout player in the 2025 IPO calendar.
Hero MotoCorp’s Hero FinCorp
Another high-profile player in the 2025 calendar to watch out for will be Hero MotoCorp’s financial services arm, Hero FinCorp.
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As the country’s two-wheeler space is booming, the company has already filed a DRHP for an IPO valued at around Rs 3,700 crore.
Greaves Cotton’s Greaves Electric Mobility:
With the surge and momentum of electric vehicles (EVs), Greaves Cotton is also positioning its subsidiary, Greaves Electric Mobility, for an IPO.
Hexaware Technologies and NSDL
Coming to the tech space, Hexaware Technologies and NSDL are also expected to make waves with their public listings.
Other major players in the pipeline to watch out for in 2025 include Zepto, Ather Energy, Tata Passenger Electric Mobility (TPEML), and JSW Cement. Although these companies have not officially announced the dates, various reports estimate that these companies may potentially release their IPOs in 2025.
Subsidiaries Going Public: The New Trend in 2025
In addition to these giant players and big-name IPOs, 2025 will see a new trend as well: large companies listing their subsidiaries such as Reliance Industries, Hero MotoCorp, HDFC Bank, and other major corporations are planning to take their subsidiaries public.
Furthermore, Prestige Estates Projects plans to list its hospitality business, while Canara Bank has approved the sale of a 13 per cent stake in its mutual fund arm, Canara Robeco.
With a pipeline of over 34 companies already approved and 55 more waiting for approval, 2025 is shaping up to be another bumper year for IPOs in India.