Year 2025 is going to be super action packed year for IPOs. We have compiled a full list of upcoming IPOs or IPO upcoming in 2025 in India. Some of them are rolled over IPOs of 2024. This is the most comprehensive list of IPOs to watch or upcoming IPOs. Few companies already got go ahead from the SEBI for the IPOs and they might come with their initial public offers soon. Shares of some of these companies or hidden gems have delivered multibagger profits and are currently available for trade in off market. Buying unlisted shares of a company can unlock huge value whenever the stock gets listed through IPO. Please call 8108303330 for more details.
| Company Name | Price Band/ IPO Date | Latest grey market premium (Kostak) | IPO size / sector | Shares Available |
|---|---|---|---|---|
| Annai Infra Developers | 2025 | 200 | ||
| Apeejay Surrendra Park Hotel | 2025 | 1,000 | ||
| API Holdings (PharmEasy) | 2025 | 6,250 | Yes. https://buysellunlistedshares.com/buy-sell-pharmeasy-preipo-unlisted-shares/ |
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| Arohan Financial | 2025 | 1,800 | Yes https://buysellunlistedshares.com/ |
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| Bajaj Energy | 2025 | 5,450 | ||
| BIBA Fashion | 2025 | |||
| Bikaji Foods International Ltd | Now Listed | Yes https://buysellunlistedshares.com/ |
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| BoAt (Imagine Marketing Ltd). | 2024 | Yes https://buysellunlistedshares.com/boat-unlisted-share-price/ |
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| BYJU’s | 2024 | |||
| Capital Small Finance Bank Ltd. | Now listed | Yes https://buysellunlistedshares.com/ |
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| Chemspec Chemicals | 2024 | 700 | ||
| CMR Green Technologies | 2024 | |||
| Deltatech Gaming Ltd. | 2024 | |||
| Droom | 2024 | |||
| EBIX Cash | 2024 | |||
| Emcure Pharmaceuticals | 2024 | |||
| ESAF Small Finance Bank | 2024 | 998 | ||
| ESDS Software Solutions Limited | 2024 | 322 | ||
| FabIndia | 2024 | |||
| Fincare Small Finance Bank | 2024 | |||
| Five Star Business Finance | Now Listed | Yes https://buysellunlistedshares.com/ |
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| Fusion Microfinance | 2024 | 600 | ||
| Gemini Edibles And Fats | 2024 | 2,500 | ||
| Go Airlines | 2024 | 3,600 | ||
| GPT Healthcare | 2024 | ₹ 500 Cr. | ||
| Harsha Engineers | 2024 | 370 | ||
| Harsha Engineers International Ltd. | 2024 | |||
| Hemani | 2024 | |||
| Hexagon Nutrition | 2024 | |||
| Hinduja Leyland Finance | 2024 | 500 | ||
| HMA Agro Industries Ltd | 2024 | |||
| Inox Green Energy Services Ltd. | 2024 | |||
| Ixigo (Le Travenues Technology Ltd.) | Now Listed | 1,600 | Yes https://buysellunlistedshares.com/ixigo-buy-sell-unlisted-share-pre-ipo/ |
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| Jana Small Finance Bank | Now Listed | |||
| Joyalukkas India | 2024 | |||
| Keventer Agro | 2024 | 800 | ||
| Keystone Realtors Ltd | 2024 | |||
| KFin Tech | Now Listed | |||
| Lava International Ltd | 2024 | Yes https://buysellunlistedshares.com/lava-international-limited-unlisted-shares/ |
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| Macleods Pharmaceuticals Ltd. | 2024 | |||
| Medi Assist Insurance TPA Pvt. Ltd. | 2024 | 800 | ||
| Muthoot Microfin | 2024 | 700 | ||
| Narmada Bio-Chem | 2024 | 90 | ||
| National Commodity & Derivatives Exchange Ltd. | 2024 | |||
| National Stock Exchange (NSE) | 2024 | Yes https://buysellunlistedshares.com/nse/ |
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| Navi | 2024 | |||
| Northern ARC Capital Ltd | 2024 | |||
| Ola | Now Listed | |||
| One MobiKwik Systems | 2024 | 1,900 | Yes https://buysellunlistedshares.com/one-mobikwik-systems-buy-sell-unlisted-shares/ |
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| Oravel Stays Ltd (Oyo). | 2024 | 7000 | Yes https://buysellunlistedshares.com/ |
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| Paymate India Ltd | 2024 | Yes https://buysellunlistedshares.com/paymate-india-unlisted-shares/ |
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| Penna Cement | 2024 | 1,550 | ||
| Puranik Builders Ltd | 2024 | |||
| SAMHI Hotels | 2024 | 1,800 | ||
| Senco Gold Ltd. | 2024 | |||
| Seven Islands Shipping | 2024 | 600 | ||
| Shri Bajrang Power And Ispat Ltd | 2024 | 700 | ||
| Skanray Technologies Ltd | 2024 | |||
| Snapdeal | 2024 | 1250 | ||
| Sterlite Power Transmission | 2024 | 1,250 | Yes https://buysellunlistedshares.com/sterlite-power-transmission-limited-unlisted-shares/ |
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| Studds Accessories | 2024 | 450 | Yes https://buysellunlistedshares.com/studds-accessories/ |
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| Suraj Estate Developers Ltd. | 2024 | |||
| Swiggy | 2022 | |||
| Tamilnad Mercantile Bank | 2024 | 1000 | Yes https://buysellunlistedshares.com/tamilnad-mercantile-bank-tmb-pre-ipo-shares/ |
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| Tracxn | 2024 | |||
| TVS Supply Chain Solutions Ltd | 2024 | |||
| Vikram Solar Ltd. | 2024 | |||
| VLCC Health Care Ltd | 2024 | |||
| Waaree Energies Ltd | 2024 | |||
| Wellness Forever | 2024 | ₹ 1600 Cr. |
Besides, some unlisted e-commerce names have been creating quite a splash in the unlisted market. Unlisted stocks, shares and securities like Ola (ANI Technologies), Oyo (Oravel Stays), Quikr etc trade at eye-popping prices and are attracting in small retail, HNI and institutional investors.
What is IPO ?
In Initial Public Offering (IPO), the company’s shares are offered for public sale for the first time . This move changes the status of the company from being a private firm to a publicly traded firm. The company need to file DRHP (draft red hearing prospectus) for IPO. Market regulator SEBI approves the IPO for the companies and then they go for the IPO. To make a successful investment, it is important to keep the track of the upcoming IPO and the other aspects of the company.
For more details on Draft Offer Documents filed with SEBI, Red Herring Documents filed with ROC, Final Offer Documents filed with ROC, and Other Documents please visit https://www.sebi.gov.in/filings/public-issues.html
What is Book Building ?
Book Building is basically a process used in Initial Public Offer (IPO) for efficient price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined after the bid closing date.
Difference between Book Building Issue and Fixed Price Issue
In Book Building process, shares are offered at prices above or equal to the floor prices. However, shares are offered at a fixed price in case of a fixed price public issue. In case of Book Building, the demand can be known everyday as the book is built. But in case of fixed price issue, the demand is known at the close of the issue.
Recent developments
The second phase of Unified Payments Interface (UPI) mechanism as an alternative for retail investors to buy shares in a public issue was made effective from July 1. However, with the implementation of the second phase, the existing process of submitting bid-cum-application form with intermediary and the movement of application forms from intermediaries to self-certified syndicate banks for blocking funds was discontinued.
Note
This list is compiled from DRHP filed by the companies, various sources and information available in public domain. Hence, it is for information purpose only and should not be construed as recommendation. Please do research and analysis and contact your investment advisor for help. We do not trade or offer any grey market premium or Kostak rates for any IPO. Actual dates and rates might vary.