The IPO action is set to getting bigger in 2025. Several big ticket IPOs are in the pipeline for 2025. From telecom to e-commerce giants like Jio and Zepto to EV disruptors like Ather and Greaves Electric Mobility, and financial heavyweights like HDB Financial Services, several new issues are expected to hit the primary market.
Big-ticket IPOs to watch in 2025
Let’s take a look at other major companies expected to hit the bourses in the following months.
Reliance Jio IPO
Reliance Jio’s IPO is among the most awaited by investors. The telecom giant’s stock market debut is expected to be a blockbuster this year, as this could potentially be the country’s largest IPO to the date after Hyundai India’s debut last year. Although Reliance Industries has not officially announced a date yet, market analysts speculate a valuation exceeding around Rs 7.5 lakh crore ($100 billion).
HDFC Bank’s HDB Financial Services IPO
Another major IPO that is the talk of the town this year is HDB Financial Services, the non-banking finance arm of HDFC Bank. The company is gearing up for a major stock market debut, with an IPO size of around Rs 12,500 crore. Apart from this, this issue is also set to become India’s largest NBFC listing.
Hero FinCorp IPO
Another major player in the calendar to watch out for this year is Hero MotoCorp’s financial arm, Hero FinCorp. The company is also expected to step into the stock market with an IPO valued at approximately Rs 3,700 crore.
LG Electronics India IPO
The Indian arm of South Korean giant LG Electronics is also gearing up for a massive Rs 15,000 crore IPO this year. The company has filed for an IPO with the market regulator SEBI, and as per various reports, the issue is expected to be launched in the first half of this year. Moreover, this will be one of the biggest consumer electronics listings in recent years.
Ather Energy IPO
Ather Energy, a leading EV manufacturer, has received SEBI’s approval to launch its IPO, making it the second Indian EV maker to go public after Ola Electric.
The public offering includes a fresh issue of Rs 3,100 crore and an OFS of 2.2 crore shares by existing investors. In addition to it, the company plans to raise Rs 620 crore through a pre-IPO placement, which will be adjusted against the fresh issue if finalised.
Greaves Electric Mobility IPO
Greaves Electric Mobility is also set to make its stock market debut, and has filed its draft papers with the capital market regulator SEBI for an IPO. The offering includes a fresh issue of Rs 1,000 crore worth of equity shares, along with an OFS of 18.9 crore shares by existing investors.
As per reports, the IPO is expected to be launched in the coming next month, March.
JSW Cement IPO
Part of the Sajjan Jindal led-JSW Group, JSW Cement has received approval from SEBI to launch its Rs 4,000 crore IPO. The company has not yet announced the official IPO opening date. However, as per multiple reports it is expected to open soon.
Zepto IPO
Zepto, a quick commerce startup, is expected to file for an IPO by March or April 2025, targeting a fundraise of USD 400-500 million, as per various reports. As of the latest, the company has not yet disclosed any official date related to it.
Beyond 2025: The IPO pipeline continues
In addition to these major listings expected this year, 2025, several other high-profile IPOs are anticipated in the near future, including – Groww (a brokerage firm, Pine Labs (fintech company, backed by PayPal), Lenskart (Eyewear giant, supported by SoftBank) and so on.