Wednesday, February 19, 2025

Top IPOs to Watch Out for in 2025

2025 is set to be a pivotal year for the Indian stock market. And if you’re looking to make your move, there’s no better time to prepare for the IPO wave that’s about to take the nation by storm. Imagine getting on the ground floor of some of India’s most exciting and innovative companies, those poised to redefine industries, disrupt markets, and become household names. From homegrown startups to established giants with a global footprint, the IPOs coming our way this year are packed with potential.

The Indian economy is booming, investor sentiment is high, and the IPO pipeline is brimming with exciting prospects. Whether you’re a seasoned investor or just starting to explore the market, these 15 upcoming IPOs represent some of the most promising companies to watch in 2025. Let’s uncover the future of investing and explore the companies that could be the next big names in India’s thriving stock market.

1. LG Electronics

Industry: Consumer Electronics & Appliances

Revenue: $66.7 billion (2024) globally.

Growth: Achieved a 12.35% growth in the Indian market in 2024.

LG Electronics, a global leader in home appliances and consumer electronics, is set to enter the Indian stock market. You will have the chance to tap into LG’s proven innovation, market leadership, and expanding presence in India’s growing tech market. Known for its cutting-edge products and strong research and development pipeline, LG’s IPO is expected to be one of the most highly anticipated listings of 2025.

Investors looking for exposure to a well-established, global brand with a track record of growth and technological advancements will find LG’s IPO enticing.

2. Zepto

Industry: Quick Commerce (Grocery Delivery)

Funding Raised: $1.3 billion so far in 2024, reaching a valuation of $5 billion.

Daily Orders: Processes over 1.5 million orders monthly in metro cities.

Growth Rate: Recorded 120% YoY revenue growth in 2024.

Zepto, a fast-growing startup revolutionizing grocery delivery in India, has quickly become a dominant player in the quick-commerce space. Known for its rapid delivery model, Zepto’s IPO will provide investors with an opportunity to participate in one of the most exciting and high-growth sectors in India’s e-commerce landscape.

With its innovative approach to grocery delivery and strong growth trajectory, Zepto is a prime candidate for investors looking for high-growth opportunities in the tech-enabled consumer services space.

3. HDB Financial Services

Industry: Financial Services

Revenue: ₹12,221 crores in FY24.

Growth: 48% y-o-y FY24

Loan Book: Over ₹90,235 crores as of March 2024.

A subsidiary of HDFC Bank, HDB Financial Services provides a broad range of financial solutions, including loans, insurance, and investment services. This IPO is expected to attract substantial interest due to HDFC’s strong brand equity and HDB’s established presence in the financial sector.

Investors seeking stable growth from a well-backed financial services company will find this IPO particularly attractive.

4. Flipkart

Industry: E-commerce

Revenue: $2.16 billion in FY24 (India operations).

Market Share: Holds a 48% share in the e-commerce market.

Flipkart, India’s leading e-commerce platform and part of Walmart’s global portfolio, is gearing up for its much-anticipated IPO. With a dominant market position in India’s online retail sector and a growing customer base, Flipkart’s listing is expected to be a game-changer.

This IPO will attract investors looking for exposure to one of India’s most successful e-commerce companies with significant growth prospects as digital retail continues to expand.

5. NSDL (National Securities Depository Limited)

Industry: Financial Infrastructure

Assets Under Custody: $6 trillion as of 2024.

Depository Participants: 278 active participants.

Growth: 33% rise in new Demat Accounts in 2024.

As a critical player in India’s financial infrastructure, NSDL has long been a backbone of the capital markets, providing depository services for securities. This IPO will give investors a chance to invest in the growth of India’s capital markets.

Those seeking a safe, long-term investment in India’s financial ecosystem will find NSDL a compelling option due to its stable, market-dominating role.

6. Ather Energy

Industry: Electric Vehicles (EV)

Revenue: ₹1,754 crores in FY24.

Market Share: 11% share in India’s electric scooter market.

Growth: Sold 1.25 lakh scooters in 2024, up 90% YoY.

Ather Energy, a leading electric scooter manufacturer, has made significant strides in the EV market. Known for its innovation and strong brand appeal among young, eco-conscious consumers, Ather’s IPO is expected to tap into India’s rapidly growing green mobility sector.

Investors bullish on the future of electric vehicles and clean energy will be drawn to Ather’s growth potential as the Indian government pushes for a greener future.

7. JSW Cement

Industry: Cement & Infrastructure

Revenue: ₹1.75 trillion in FY24.

Capacity: Annual production capacity of 20.60 MTPA.

Growth: Expansion plans to reach 40.85 MTPA.

JSW Cement, part of the JSW Group, is one of India’s largest and most established cement manufacturers. With India’s ongoing infrastructure boom, JSW Cement’s IPO is poised to attract investors looking for exposure to the construction and real estate sectors.

Investors seeking long-term growth in a stable, essential industry such as cement will find JSW Cement’s IPO a solid investment choice.

8. PharmEasy

Industry: Health-Tech & Pharmaceuticals

Revenue: ₹5,664 crores in FY24.

Market Share: 15% share in the Indian online pharmacy sector.

PharmEasy, India’s largest digital healthcare platform, is poised to revolutionize the way healthcare is delivered in the country. Offering everything from medicine delivery to telemedicine services, PharmEasy’s IPO will provide investors with a chance to tap into India’s rapidly evolving health-tech market.

Investors focused on the intersection of technology and healthcare will see PharmEasy’s IPO as an opportunity to invest in a high-growth, essential service provider.

9. Jio Platforms

Industry: Telecommunications & Digital Services

Revenue: ₹1.3 trillion in FY24.

Subscriber Base: Over 448.3 million active users in India.

Jio Platforms, Reliance Industries’ digital arm, has transformed India’s telecom and digital services sectors. With a vast portfolio spanning telecom, entertainment, and digital infrastructure, Jio’s IPO could be one of the year’s biggest blockbusters.

This IPO will be highly attractive to investors looking for a diversified tech play with exposure to India’s digital transformation.

10. boAt

Industry: Consumer Electronics (Audio & Wearables)

Revenue: ₹3,121.6 crores in FY24.

boAt, India’s leading audio and wearables brand, has become a household name among millennials. The company’s focus on affordable yet stylish audio products has made it a market leader in the lifestyle tech space.

Investors looking to capitalize on India’s growing consumer electronics market, especially in wearables, will find bOAt’s IPO an enticing option.

11. NSE (National Stock Exchange)

Industry: Stock Exchange & Financial Markets

Revenue: ₹8,306 crores in FY24.

Market Share: Handles 93% of equity trading volumes in India.

Growth: Increased active investors by 13.9% in 2024.

The National Stock Exchange (NSE) is India’s largest and most prestigious stock exchange. Its IPO, long-awaited, will allow investors to participate in the growth of India’s financial markets infrastructure.

Investors looking for exposure to the financial markets infrastructure will find the NSE IPO a cornerstone of India’s economic growth.

12. CarDekho

Industry: Auto-Tech

Revenue: ₹2,074 crores in FY24.

Growth: Recorded 54% of revenue growth in FY24.

CarDekho has revolutionized the way Indians buy and sell cars, providing a platform for online car shopping. As the auto-tech sector continues to grow, CarDekho’s IPO aims to capitalize on the burgeoning market for used car sales and financing.

Investors interested in tech-driven disruption in the auto industry will find CarDekho’s IPO appealing.

13. Hero FinCorp

Industry: Financial Services

Revenue: ₹1,562 crores in FY24.

Growth: Over ₹24,979 crores in loans in FY24.

A subsidiary of Hero MotoCorp, Hero FinCorp provides a wide range of financial services to retail and SME customers. With India’s growing financial inclusion and the expanding credit market, Hero FinCorp’s IPO is poised to attract investors seeking steady growth in the finance sector.

Those looking for a stable investment with exposure to India’s evolving financial services market will find Hero FinCorp an attractive choice.

14. OYO Rooms

Industry: Hospitality

Revenue: ₹114.64 crores in FY24.

Global Presence: Operates in over 80 countries with 43,000 properties.

After a business model overhaul, OYO is set to make a strong comeback with its IPO. The hospitality giant is looking to expand its presence in the global market, particularly in the budget hotel space.

Investors watching the recovery of the travel and hospitality sectors post-pandemic will be keen to track OYO’s IPO.

15. Tata Capital

Industry: Financial Services

Revenue: ₹13,309 crores in FY24.

A flagship financial services company of the Tata Group, Tata Capital offers a range of financial products, from loans to investment services. Its IPO will likely attract investors looking for long-term stability backed by one of India’s most trusted brands.

This IPO will appeal to conservative investors seeking stability and growth through a trusted financial brand.

Why 2025 Is the Year of IPOs?

The IPO wave of 2025 is more than a financial milestone. It’s a testimonial to the evolving aspirations, innovation, and resilience of India’s business landscape. Each of these companies represents a story of ambition and transformation, carving new paths in their industries and redefining what’s possible. As these IPOs unfold, they bring with them a chance to not just invest in businesses but to become part of their journey of growth and impact. For investors, it’s not merely about numbers on a screen. It’s about participating in the future of ideas, industries, and possibilities.

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