The IPO wave in 2025 has been bigger than ever before. According to the most recent data from Prime Database, there have been a total of 80 new public issues in 2025 till the end of September, and the total money raised so far exceeds Rs 80,000 crore. October saw some marquee IPOs including Tata Capital and LG Electronics India. However, that’s not all. If the IPO pipeline for the rest of 2025 is carefully considered, over the remaining 2.5 months, as much as Rs 41,000 crore could be raised.
Here is a look at some of the key IPOs that are expected to be launched over the next few months –
ICICI Prudential AMC IPO
ICICI Prudential Asset Management has filed its draft red herring prospectus with SEBI and aims to raise approximately Rs 9,000-10,000 crore via the IPO. The issue is entirely an offer for sale of nearly 1.77 crore shares. ICICI Bank has about 51% stake in the joint venture with Prudential. However, in this OFS, ICICI Bank is unlikely to sell any stake. Prudential Corporation Holdings will be selling stake via the OFS. The proceeds from this IPO will not be available for any kind of capital expansion. As this is an offer for sale, the proceeds would go directly to the stake holders diluting stake.
Groww IPO
The Billionbrains Garage Ventures, the parent firm of Groww, which was incorporated in January 2018 is likely to mop-up Rs 6,500 crore via an initial public offer. The updated DRHP filed by Groww indicates that the IPO will be a 100% book-built issue. It will be a combination of fresh issue and offer for sale (OFS). The company is likely to issue 10,600 crore fresh shares, while the OFS comprises of 57.42 crore shares. This online stock broking firm is among the fastest growing investment platforms in India.
Lenskart Solutions IPO
One of the most popular eye-wear brands in India, Lenskart, too, has filed its DRHP for raising approximately Rs 6,000 crore via IPO. The issue will be a combination of fresh share issuance and an offer for sale comprising of of upto 13.23 crore share. The company is set to raise up to Rs 2,150 crore via fresh share issue. Co-founded by Peyush Bansal, a well known Shark Tank Judge, the Lenskart IPO will be a 100% book-built issue in which Bansal will offload up to 2.05 crore shares. Co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are also set to offload stake through the IPO.
Pine Labs IPO
The next IPO on the radar this year is the Rs 5,500 crore Pine Labs IPO. As per available information, the company has got the SEBI nod for its Initial Public Offering (IPO) and is planning to launch the IPO over the next few weeks. This issue will agains be a combination of OFS and fresh issuance. 14.78 crore equity shares will be up for sale via the offer for sale, and the company aims to raise Rs 2,600.00 crore through fresh issue.
PhysicsWallah IPO
The Rs 3,800 crore PhysicsWallah IPO is one of the most talked about IPOs this year. It has received the SEBI nod after filing the updated draft red herring prospectus. The IPO will include Rs 3,100 crore fresh share issuance and a Rs 720 crore offer for sale. It aims to use the proceeds for capital expenditure for new offline and hybrid centres.
That’s not all. The 2025 IPO calendar also includes the probability of the launch of Rs 3,000 crore Tenneco Clean Air IPO, Ts 2,500 crore Prestige Hospitality IPO and Rs 2,000 crore Orkla India IPO. The Rs 2,000 crore Boat IPO and the Park Medi World’s Rs 1,200 crore IPO are also expected to be launched before the year is out. All eyes are now on the hectic line-up of new issuances set to hit markets over the next few weeks.