IPOs to Watch Out for in 2025
Are you bracing up to invest in the most promising IPOs in 2025? India’s IPO pipeline is shaping up
Are you bracing up to invest in the most promising IPOs in 2025? India’s IPO pipeline is shaping up to be one of the most exciting in recent memory! From tech companies to financial firms, several big-ticket companies are likely to go public this year. As an investor, you must be keen to capitalize on the growth trajectory.
In this blog, we have curated the best IPOs you must watch out for.
Best IPOs to Hit the Share Market in 2025
Have a look at these five highly anticipated IPOs that could potentially make headlines this year.
| Company | Estimated Issue Size | Expected Timeline |
|---|---|---|
| Tata Capital | ₹15,000 crore | By Sep 2025 |
| HDB Financial Services | ₹12,500 crore | By Sep 2025 |
| Aegis Vopak Terminals Ltd | ₹3,500 crore | First Half 2025 |
| Zepto | ₹6,000–8,000 crore | July 2025 (Tentative) |
| Reliance Jio | ₹40,000 crore | Second or Third Quarter, 2025 |
- Tata Capital
Tata Capital, the financial services arm of the Tata Group, has filed a confidential draft red herring prospectus (DRHP) with SEBI. The company will raise approximately ₹15,000 crore through its IPO, expected to hit the stock market by September 2025.
This move aligns with the mandate issued by the RBI that requires the “upper layer” of NBFCs to list within three years of their classification.
The IPO will include both fresh issues and stake sales from Tata Sons.
- HDB Financial Services
HDB Financial Services, a subsidiary of HDFC Bank, is bracing up to raise up to ₹12,500 through its upcoming IPO. It includes a fresh equity issuance of ₹2,500 crore and ₹10,000 crore through an offer for sale by HDFC Bank.
In a strategic move, Japan’s Mitsubishi UFJ Financial Group (MUFG) is set to acquire a 20% stake in HDB Financial Services. The company will be valued between $9 billion and $12 billion for the IPO.
- Aegis Vopak Terminals Ltd (AVTL)
Aegis Vopak Terminals is a joint venture between Aegis Logistics and the Dutch firm Vopak. The organization has already received approval from the SEBI to launch a ₹3,500 crore IPO. The company will be using the raised funds to repay its debts and acquire an LPG terminal in Mangalore.
AVTL has storage terminals across seven Indian ports and aims to strengthen the economic growth of the country.
- Zepto
Zepto, the quick-commerce startup, is gearing up for an IPO, potentially in July 2025.
Also, the company is in talks to sell up to $250 million in shares to increase Indian ownership ahead of the IPO. Zepto plans to double its store count to 700 by March 2025, further strengthening its position in the competitive quick-commerce market.
- Reliance Jio
Reliance Jio, the telecom arm of Reliance Industries, is expected to launch its IPO in the second or third quarter of 2025. The company is bracing up to raise a massive ₹40,000 crore, with a valuation target exceeding ₹10 lakh crore. Potentially, this will be the largest IPO of India to date.
With a subscriber base of 479 million and its dominance in 5G services, the Reliance Jio IPO is highly anticipated by investors.
Conclusion
For investors, 2025 is poised to offer a wide array of opportunities across various sectors. From finance to logistics and e-commerce to telecommunications, many new IPOs are expected to go live across sectors.
While we have listed the most promising companies that are gearing up to hit the D-street, make sure to weigh your risk tolerance and conduct your research before investing. Prioritize your long-term goals and expectations from the share market as you grow your wealth.
