The IPO frenzy is gaining momentum as we progress through 2025. As we step into the last few months of 2025, the Dalal Street action in terms of the IPO line-up and new issues hitting the street is also becoming more exciting.
Several major companies have already filed their draft papers with SEBI and all eyes are on the issue date announcement-
Let’s take a look at some of the most anticipated IPOs of H2 2025-
Tata Capital IPO
Tata Capital, the financial services arm of the Tata Group, has filed draft papers with SEBI to raise nearly Rs 17,200 crore through an IPO. The issue structure combines a fresh issue of 21 crore shares as well as an Offer for Sale (OFS) of 26.58 crore shares by Tata Sons, which currently owns 93% of the company.
Furthermore, the funds raised from the fresh issue are expected to go toward strengthening Tata Capital’s Tier-I capital base. It will also be used for supporting lending operations, and meeting regulatory requirements set by the RBI.
In addition to this, the IPO will also help Tata Sons partially dilute its stake while keeping the company aligned with NBFC compliance norms.
LG Electronics India IPO
LG Electronics India, a subsidiary of South Korea’s LG Corporation, has received SEBI approval for its proposed Rs 15,000 crore IPO. The issue will involve the parent selling a 15% stake in its Indian unit through an OFS.
Prior to this, the company had filed preliminary documents in December 2024. Furthermore, after the opening of the issue, LG will follow Hyundai Motors India as the second South Korean brand to enter Indian markets. With over 97% of its product line manufactured locally, LG India has been operating with a strong domestic base.
Hero Fincorp IPO
Hero Fincorp, backed by Hero MotoCorp and ChrysCapital, has secured SEBI’s nod for a Rs 3,670 crore IPO. The structure includes a fresh issue worth Rs 2,100 crore and an OFS of about Rs 1,570 crore.
It is also important to note that the company originally filed its draft paper with the market regulator SEBI in July 2024. However, it was held back due to compliance requirements for unlisted NBFCs.
After this, the company was finally granted the approval in May 2025. The offering will proceed depending on market conditions. Hero Fincorp manages an asset book of over Rs 51,000 crore, covering two-wheeler finance, MSME lending, housing loans, and retail products.
Lenskart IPO
Omnichannel eyewear retailer Lenskart has also officially filed its draft papers with SEBI.
The company is preparing one of the most closely watched IPOs in the consumer retail space.
According to the draft prospectus, Lenskart will raise Rs 2,150 crore through a fresh issue, while existing shareholders will sell 132.28 million shares via an Offer for Sale (OFS).
The OFS will see participation from founder Peyush Bansal and co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with major investors such as SoftBank, Kedaara Capital, Alpha Wave Ventures, and MacRitchie Investments.
ICICI Prudential AMC IPO
ICICI Prudential Asset Management Company, one of India’s largest mutual fund houses, has also filed draft papers for a market debut. Unlike others, this IPO will be a pure Offer for Sale, with British partner Prudential Corporation Holdings set to sell up to 1.76 crore shares.
No fresh capital will be raised, as the objective is limited to providing an exit route for the shareholder.
A consortium of global and domestic investment banks including Citi, Morgan Stanley, BofA Securities, Kotak Mahindra Capital, and SBI Capital will manage the offer.