| Upcoming IPO 2025 | Open Date | Closing Date | IPO Type | IPO Size | Price Band |
|---|---|---|---|---|---|
| Hero Fincorp | update soon | update soon | Mainboard | ₹3,668.13 Cr. | update soon |
| JSW Cement | 11 August | 13 August | Mainboard | ₹4,000 Cr. | update soon |
| Highway Infrastructure | 5 August | 7 August | Mainboard | ₹130 Cr. | ₹65 to ₹70 |
| Jyoti Global Plast | 4 August | 6 August | SME | update soon | update soon |
| Parth Electricals | 4 August | 6 August | SME | update soon | update soon |
| Flysbs Aviation | 1 August | 5 August | SME | update soon | update soon |
| Renol Polychem | 31 July | 4 August | SME | ₹25.77 Cr. | ₹100 to ₹105 |
| Cash Ur Drive Marketing | 31 July | 4 August | SME | ₹60.79 Cr. | ₹123 to ₹130 |
| Takyon Networks | 30 July | 1 August | SME | ₹20.48 Cr. | ₹51 to ₹54 |
| Mehul Colours | 30 July | 1 August | SME | ₹21.66 Cr. | ₹68 to ₹72 |
| B.D.Industries (Pune) | 30 July | 1 August | SME | ₹45.36 Cr. | ₹102 to ₹108 |
| NSDL | 30 July | 1 August | Mainboard | ₹4011.60 Cr. | ₹760 to ₹800 |
| M&B Engineering | 30 July | 1 August | Mainboard | ₹650 Cr. | ₹366 to ₹385 |
| Sri Lotus Developers | 30 July | 1 August | Mainboard | ₹792 Cr. | ₹140 to ₹150 |
| Kaytex Fabrics | 29 July | 31 July | SME | ₹69.81 Cr. | ₹171 to ₹180 |
| Laxmi India Finance | 29 July | 31 July | Mainboard | ₹254.26 Cr. | ₹150 to ₹158 |
| Aditya Infotech | 29 July | 31 July | Mainboard | ₹1,300 Cr. | ₹640 to ₹675 |
| Umiya Mobile | 28 July | 30 July | SME | ₹24.88 Cr. | ₹66 |
| Repono | 28 July | 30 July | SME | ₹26.68 Cr. | ₹91 to ₹96 |
| Shree Refrigerations | 25 July | 29 July | SME | ₹117.33 Cr. | ₹119 to ₹125 |
| Sellowrap Industries | 25 July | 29 July | SME | ₹30.28 Cr. | ₹79 to ₹83 |
| Patel Chem Specialities | 25 July | 29 July | SME | ₹58.80 Cr. | ₹82 to ₹84 |
| Shanti Gold | 25 July | 29 July | Mainboard | ₹360.11 Cr. | ₹189 to ₹199 |
| Brigade Hotel Ventures | 24 July | 28 July | Mainboard | ₹759.60 Cr. | ₹86 to ₹90 |
| GNG Electronics | 23 July | 25 July | Mainboard | ₹460.43 Cr. | ₹225 to ₹237 |
| Indiqube Spaces | 23 July | 25 July | Mainboard | ₹700 Cr. | ₹225 to ₹237 |
| TSC India | 23 July | 25 July | SME | ₹25.89 Cr. | ₹68 to ₹70 |
| Monarch Surveyors | 22 July | 24 July | SME | ₹93.75 Cr. | ₹237 to ₹250 |
| PropShare Titania | 21 July | 25 July | Mainboard | ₹473 Cr. | ₹0to ₹0 |
| Swastika Castal | 21 July | 23 July | SME | ₹14.07 Cr. | ₹65 |
| Savy Infra | 21 July | 23 July | SME | ₹69.98 Cr. | ₹114 to ₹120 |
| Monika Alcobev | 16 July | 18 July | SME | ₹153.68 Cr. | ₹271 to ₹286 |
| Spunweb Nonwoven | 14 July | 16 July | SME | ₹60.98 Cr. | ₹90 to ₹96 |
| Smartworks Coworking | 10 July | 14 July | Mainboard | ₹582.56 Cr. | ₹387 to ₹407 |
| Asston Pharmaceuticals | 9 July | 11 July | SME | ₹27.56 Cr. | ₹115 to ₹123 |
| CFF Fluid Control FPO | 9 July | 11 July | SME | ₹87.75 Cr. | ₹585 |
| GLEN Industries | 8 July | 10 July | SME | ₹63.02 Cr. | ₹92 to ₹97 |
| Travel Food Services | 7 July | 9 July | Mainboard | ₹2000 Cr. | ₹1045 to ₹1100 |
| Smarten Power Systems | 7 July | 9 July | SME | ₹50.00 Cr. | ₹100 |
| Chemkart India | 7 July | 9 July | SME | ₹80.08 Cr. | ₹236 to ₹248 |
| Meta Infotech | 4 July | 8 July | SME | ₹80.18 Cr. | ₹153 to ₹161 |
| Cryogenic OGS | 3 July | 7 July | SME | ₹17.77 Cr. | ₹44 to ₹47 |
| White Force | 3 July | 7 July | SME | ₹24.25 Cr. | ₹72 to ₹76 |
| Crizac | 2 July | 4 July | Mainboard | ₹860 Cr. | ₹233 to ₹245 |
| Vandan Foods | 30 June | 2 July | SME | ₹30.36 Cr. | ₹115 |
| Silky Overseas | 30 June | 2 July | SME | ₹30.68 Cr. | ₹153 to ₹161 |
| Pushpa Jewellers | 30 June | 2 July | SME | ₹98.65 Cr. | ₹143 to ₹147 |
| Cedaar Textile | 30 June | 2 July | SME | ₹60.90 Cr. | ₹130 to ₹140 |
| Marc Loire | 30 June | 2 July | SME | ₹21.00 Cr. | ₹100 |
| Adcounty Media India | 27 June | 1 July | SME | ₹50.69 Cr. | ₹80 to ₹85 |
| Neetu Yoshi | 27 June | 1 July | SME | ₹77.04 Cr. | ₹71 to ₹75 |
| Ace Alpha Tech | 26 June | 30 June | SME | ₹47.15 Cr. | ₹101 to ₹107 |
| Indogulf Cropsciences | 26 June | 30 June | Mainboard | ₹200 Cr. | ₹105 to ₹110 |
| Moving Media Entertainment | 26 June | 30 June | SME | ₹43.40 Cr. | ₹66 to ₹70 |
| Valencia India | 26 June | 30 June | SME | ₹48.95 Cr. | ₹95 to ₹110 |
| PRO FX Techs | 26 June | 30 June | SME | ₹38.21 Cr. | ₹82 to ₹87 |
| Rama Telecom | 25 June | 27 June | SME | ₹25.13 Cr. | ₹65 to ₹68 |
| Sambhv Steel Tubes | 25 June | 27 June | Mainboard | ₹540 Cr. | ₹77 to ₹82 |
| Supertech EV | 25 June | 27 June | SME | ₹29.90 Cr. | ₹87 to ₹92 |
| Suntech Infra Solutions | 25 June | 27 June | SME | ₹42.16 Cr. | ₹81 to ₹86 |
| HDB Financial | 25 June | 27 June | Mainboard | ₹12,500 Cr. | ₹750 to ₹800 |
| Shri Hare-Krishna Sponge Iron | 24 June | 26 June | SME | ₹29.91 Cr. | ₹56 to ₹59 |
| Icon Facilitators | 24 June | 25 June | SME | ₹18.15 Cr. | ₹85 to ₹91 |
| Globe Civil Projects | 24 June | 26 June | Mainboard | ₹119 Cr. | ₹67 to ₹71 |
| Ellenbarrie Industrial Gases | 24 June | 26 June | Mainboard | ₹852.53 Cr. | ₹380 to ₹400 |
| Kalpataru | 24 June | 26 June | Mainboard | ₹1,590 Cr. | ₹387 to ₹414 |
| AJC Jewel | 23 June | 25 June | SME | ₹15.39 Cr. | ₹90 to ₹95 |
| Safe Enterprises Retail | 20 June | 24 June | SME | ₹169.74 Cr. | ₹131 to ₹138 |
| Aakaar Medical Technologies | 20 June | 24 June | SME | ₹27 Cr. | ₹68 to ₹72 |
| Mayasheel Ventures | 20 June | 24 June | SME | ₹27.28 Cr. | ₹44 to ₹47 |
| Arisinfra Solutions | 18 June | 20 June | Mainboard | ₹499.60 Cr. | ₹210 to ₹222 |
| Influx Healthtech | 18 June | 20 June | SME | ₹58.57 Cr. | ₹91 to ₹96 |
| Eppeltone Engineers | 17 June | 19 June | SME | ₹₹43.96 Cr. | ₹125 to ₹128 |
| Patil Automation | 16 June | 18 June | SME | ₹69.61 Cr. | ₹114 to ₹120 |
| Samay Project Services | 16 June | 18 June | SME | ₹14.69 Cr. | ₹32 to ₹34 |
| Oswal Pumps | 13 June | 17 June | Mainboard | ₹1,387.34 Cr. | ₹584 to ₹614 |
| Monolithisch India | 12 June | 16 June | SME | ₹82.02 Cr. | ₹135 to ₹143 |
| Jainik Power and Cables | 10 June | 12 June | SME | ₹51.30 Cr. | ₹100 to ₹110 |
| Sacheerome | 9 June | 11 June | SME | ₹61.62 Cr. | ₹96 to ₹102 |
| Ganga Bath Fittings | 4 June | 6 June | SME | ₹32.65 Cr. | ₹46 to ₹49 |
| 3B Films | 30 May | 3 June | SME | ₹33.75 Cr. | ₹50 |
| Scoda Tubes | 28 May | 30 May | Mainboard | ₹220 Cr. | ₹130 to ₹140 |
| NR Vandana Textile | 28 May | 30 May | SME | ₹27.89 Cr. | ₹42 to ₹45 |
| Neptune Petrochemicals | 28 May | 30 May | SME | ₹73.20 Cr. | ₹115 to ₹122 |
| Astonea Labs | 27 May | 29 May | SME | ₹37.67 Cr. | ₹128 to ₹135 |
| Nikita Papers | 27 May | 29 May | SME | ₹67.54 Cr. | ₹95 to ₹104 |
| Prostarm Info Systems | 27 May | 29 May | Mainboard | ₹168 Cr. | ₹95 to ₹105 |
| Blue Water Logistics | 27 May | 29 May | SME | ₹40.50 Cr. | ₹132 to ₹135 |
| Aegis Vopak Terminals | 26 May | 28 May | Mainboard | ₹2,800 Cr. | ₹223 to ₹235 |
| Leela Hotels | 26 May | 28 May | Mainboard | ₹3,500 Cr. | 413 to ₹435 |
| Unified Data- Tech | 22 May | 26 May | SME | ₹144.47 Cr. | ₹260 to ₹273 |
| Belrise Industries | 21 May | 23 May | Mainboard | ₹2,150 Cr. | ₹85 to ₹90 |
| Dar Credit and Capital | 21 May | 23 May | SME | ₹25.66 Cr. | ₹57 to ₹60 |
| Borana Weaves | 20 May | 22 May | Mainboard | ₹144.89 Cr. | ₹205 to ₹216 |
| Accretion Pharmaceuticals | 14 May | 16 May | SME | ₹29.75 Cr. | ₹96 to ₹101 |
| Integrity Infrabuild | 13 May | 15 May | SME | ₹12 Cr. | ₹100 |
| Virtual Galaxy Infotech | 9 May | 14 May | SME | ₹93.29 Cr. | ₹135 to ₹142 |
| Manoj Jewellers | 5 May | 7 May | SME | ₹16.20 Cr. | ₹54 |
| Srigee DLM | 5 May | 7 May | SME | ₹16.98 Cr. | ₹₹94 to ₹99 |
| Kenrik Industries | 29 April | 6 May | SME | ₹8.75 Cr. | ₹25 |
| Arunaya Organics | 29 April | 2 May | SME | ₹33.99 Cr. | ₹55 to ₹58 |
| Ather Energy | 28 April | 30 April | Mainboard | ₹2,980 Cr. | ₹304 to ₹321 |
| Iware Supplychain | 28 April | 30 April | SME | ₹27.13 Cr. | ₹95 |
| Tankup Engineers | 23 April | 25 April | SME | ₹19.53 Cr. | ₹133 to ₹140 |
Ever thought about getting in on the ground floor of a company that’s about to go big?
That’s exactly what an IPO is all about. Imagine you’ve got some extra cash and you’re scrolling through your investment options. You see a company you love, maybe they’ve got those killer products you swear by, or their app is the only one that actually works.
And now, they’re going public. They’re offering shares to the public for the first time. You’re like, “Okay, this could be big.” You buy those shares, hoping that as the company grows, your investment grows too. That’s the basic idea behind an IPO (Initial Public Offering). It’s when a private company decides to go public and offers its shares to the public for the first time.
In this blog, we’ll break down what IPOs are, why they matter, and how they work in the Indian stock market. We’ll also look at the different types of IPOs, why companies go public, and what you need to know before investing.
What is an IPO?
An IPO is when a private company offers its shares to the public for the first time.
Think of it as the company’s way of saying, “Hey world, we’re going public and you can own a piece of us!” When a company goes public, it lists its shares on a stock exchange. This allows anyone with a brokerage account to buy those shares. Going public is a big deal for any company. It can raise a ton of money through an IPO.
This cash can be used for expansion, paying off debts, or launching new products. For investors, an IPO is like a first chance to invest in a company before it potentially goes big.
How does an IPO work?
The IPO process involves several steps, here we have explain step by step.
It starts with a company deciding to go public. They hire investment bankers who help them determine the right price and number of shares to offer. The company then files a prospectus with regulatory bodies like the Securities and Exchange Board of India (SEBI). This document contains important details about the company, its financials, and the IPO itself.
Once approved, the IPO is marketed to potential investors. After the IPO ends, the shares are listed on a stock exchange. From there, the public can buy and sell shares.
Why do companies launch IPOs?
An IPO can provide a massive influx of cash. This money can be used for growth, paying off debts, or funding new projects. Going public also increases a company’s visibility. It can attract more customers, partners, and talent.
However, being public comes with its own set of responsibilities. The company must regularly disclose its financials and comply with various regulations. This can be costly and time-consuming. Still, for many companies, the benefits of going public outweigh the drawbacks.
Types of IPOs in India stock market
Traditional IPOs: In a traditional IPO, a company goes public by offering shares to institutional and retail investors. These shares are sold at a fixed price. This is determined by the underwriters.
Book Building IPOs: In a book building IPO, the company and underwriters generate demand for the shares before the IPO price is finalized. Investors are invited to bid for shares at a price they are willing to pay.
Fixed Price IPOs: A fixed price IPO is when the company sets a specific price for the shares. All investors pay the same price. This method provides certainty for both the company and investors.
SME IPOs: SME IPOs are for small and medium enterprises. These companies go public on the SME exchange. This helps them raise capital for growth. It is similar to Mainboard IPOs but involves smaller companies.
Mainboard IPOs: Mainboard IPOs are for large companies. These companies go public on the mainboard of stock exchanges. This includes NSE and BSE. This is a platform for bigger IPOs. It is for companies that have a higher market capitalization.
How to invest in IPOs?
Investing in IPOs is similar to buying regular stocks and it’s now very easy process.
You need a Demat account and a brokerage account. Once you have those set up, you can apply for an IPO online. You’ll need to fill out an application and specify the number of shares you want to buy. In the case of Book Building IPOs, you might need to bid for shares.
After the IPO ends, if you get an allotment, the shares will appear in your Demat account. From there, you can hold them for the long term or sell them when the time is right.
What is the process of IPO in India?
The IPO process in India involves several steps.
First, the company hires merchant bankers who help prepare the Draft Red Herring Prospectus (DRHP). This document contains details about the company’s business, financials, and the IPO itself. The DRHP is filed with SEBI, which reviews it.
Once approved, the company markets the IPO and collects applications from investors. After the IPO closes, the shares are allocated based on demand. Finally, the shares are listed on the stock exchange, and trading begins.
How to Investor invest in IPOs process with step by step?
Investing in IPOs is similar to investing in stocks. This is how you can invest in IPOs:
Open a Demat account: You need to have a Demat account to invest in IPOs. You can open an account with a broker or a bank. Choose the IPO you want to invest. You can research and choose the IPO you want to invest in. You can check the company’s prospectus and financials.
Apply for the IPO: You need to fill out an application form and specify the number of shares you want to buy. You also need to pay for the shares at the time of application.
Wait for the allotment: Once the IPO is over. You need to wait for the shares to be allotted. If the IPO is oversubscribed. Then, you may not get the full number of shares you applied for.
The shares will be credited to your account: Once the IPO allotment is done. The shares will be credited to your Demat account. You can then hold the shares or sell them as per your investment strategy.
What is the Grey Market Premium(GMP) in IPO ?
The grey market refers to unofficial trading that happens before an IPO is listed.
In this market, investors trade shares of the IPO at prices determined by demand. This can give you a hint of how the IPO might perform once it’s listed.
However, the grey market Premium is speculative and can be unpredictable. Prices can swing wildly, and there’s no guarantee that the grey market price will match the listing price. While it can be tempting to look at grey market trends, it’s important to make investment decisions based on solid research rather than hype.
It’s the price at which shares of an IPO are traded in the grey market before they are officially listed. For example, if an IPO is priced at ₹100 and it’s trading in the grey market at ₹120, the GMP is ₹20. This premium can indicate the demand for the IPO. A high GMP might suggest strong investor interest.
What is the Role of IPO Lead Managers?
Lead managers (merchant bankers like Kotak, ICICI Securities, Axis Capital) are crucial for IPO success. They help with valuation, prepare regulatory documents, market the IPO to institutional investors, manage the book building process, and ensure regulatory compliance.
I’ve seen that strong lead managers can significantly impact IPO pricing and subscription levels. They bring credibility and investor confidence to the offering.
What is the Difference Between Fresh Issue & Offer for Sale?
Fresh Issue: The company issues new shares, and the money raised goes directly to the company for business expansion, debt reduction, or working capital.
Offer for Sale (OFS): Existing shareholders (promoters or early investors) sell their shares. The money goes to these sellers, not the company.
I’ve noticed many IPOs have both components. For investors, fresh issues are generally better as the capital strengthens the company, while OFS is just a transfer of ownership.
How to Choose the Right IPO?
Based on my experience, evaluate these factors:
Business Model: Do you understand what the company does? Is it sustainable?
Financials: Check revenue growth, profitability, debt levels, and cash flows in the RHP.
Valuation: Compare PE ratio with industry peers. Is it reasonably priced?
Fund Utilization: How will the company use IPO proceeds? Fresh issue for growth is positive.
Management Quality: Research promoter background and corporate governance.
Grey Market Premium: Indicates demand but don’t rely solely on it.
Subscription Levels: Strong institutional interest is a good sign.
I always recommend reading at least the key sections of the RHP and avoiding IPOs purely based on listing gains hype.
How Many Ways to Apply for an IPO?
You have several application methods:
- Online via Broker: Zerodha, Groww, Upstox, Angel One platforms (easiest and most popular)
- UPI Apps: Through NSE or BSE ASBA facility with UPI payment
- Net Banking: Through ASBA in your bank’s net banking portal
- Offline: Physical application form submission at bank branches (rare nowadays)
From my experience, applying through your broker’s app with UPI is the fastest and most convenient method. I use this for 90% of my applications.
Explain with Examples of IPOs process
Think of big names like Zomato, Paytm, and LIC.
These companies had their IPOs and attracted massive attention. Zomato’s IPO was seen as a test of the food delivery app’s growth potential. Paytm’s IPO was closely watched, given its role in India’s digital payments revolution. LIC’s IPO was historic, as it marked the listing of India’s largest insurance company.
Each of these IPOs had their own stories, and they showed how the Indian stock market is evolving with new-age companies and traditional giants.
Advantages of investing in IPOs
IPOs can offer some unique advantages.
When you invest early, you might benefit from significant price appreciation if the company grows. Some IPOs have delivered massive returns. IPOs can also provide access to companies that are disrupting industries or offering innovative products.
For investors looking for high-growth opportunities, IPOs can be tempting. Additionally, investing in a well-managed company can be rewarding. If the company’s fundamentals are strong, there’s a good chance your investment could pay off in the long run.
Disadvantages of investing in IPOs
While IPOs can be exciting, they also come with risks.
The price of an IPO can be volatile once the shares are listed. If you’re not careful, you could end up losing money. Some companies may have flashy growth stories but lack solid financials. Investing blindly can lead to poor choices. Since IPOs are often in their early stages, there’s always a chance things might not go as planned.
The company’s growth could stall, or it might face unexpected challenges. It’s important to do your homework and not get carried away by the hype.
Conclusion
IPOs can be exciting, offering a chance to invest in companies at an early stage.
But they also come with risks. It’s important to do your research and consider factors like the company’s financials, growth prospects, and market conditions. While some IPOs have delivered stellar returns, others have fallen short of expectations. By staying informed and making careful choices, you can navigate the IPO landscape more confidently.
Upcoming IPO FAQs
What is an IPO?
An IPO (Initial Public Offering) is when a private company offers its shares to the public for the first time.
How do IPOs work?
Companies work with investment bankers to set the price and number of shares. After regulatory approvals, shares are offered to the public.
What is GMP in IPO?
GMP stands for Grey Market Premium. It’s the price difference between the IPO’s issue price and the expected trading price in the grey market.
Should I invest in every IPO?
Not necessarily. While some IPOs can be profitable, others may not perform as expected. It’s important to research the company’s fundamentals before investing.
What are the risks of investing in IPOs?
IPOs can be volatile, and prices can change dramatically after listing. Some companies may not deliver on their growth promises, leading to losses.
Why do companies go public?
Companies go public to raise capital, increase brand visibility, provide liquidity for early investors and attract top talent.
What is the difference between Mainboard IPOs and SME IPOs?
Mainboard IPOs are for large companies with higher market capital. On the other hand, SME IPOs are for small and medium enterprises.
What are the advantages of investing in IPOs?
Advantages of investing in IPOs include high return potential, early investment opportunities and exclusive pricing.
What is DRHP?
DRHP (Draft Red Herring Prospectus) is the preliminary document filed with SEBI. It contains comprehensive company information but doesn’t have the final price band. “Red Herring” refers to the red-colored text disclaimers on the cover.
What is RHP?
RHP (Red Herring Prospectus) is the updated version filed after incorporating SEBI’s observations. It includes the price band and complete details needed for investors to make decisions. This is released before the IPO opens.
Do You Need a Demat Account to Apply for an IPO?
Yes, a demat account is absolutely mandatory. You cannot apply for an IPO without one. Additionally, you need a linked bank account and PAN card.
Is PAN Card Mandatory to Apply for an IPO?
Yes, PAN card is absolutely mandatory. It’s your unique identifier for all financial transactions in India. Without a PAN, you cannot apply for any IPO.
Can I Apply for Multiple IPO Applications on a Single PAN Card?
You can apply for multiple different IPOs using one PAN card simultaneously. However, you cannot submit multiple applications for the same IPO using one PAN card.
How Many IPO Applications via One PAN Number?
For the same IPO, only one application per PAN is allowed in each category (RII, NII, etc.). Multiple applications with the same PAN for the same IPO will result in rejection of all applications.