India’s Upcoming IPOs in 2025: Complete List, Dates & Investment Guide

Introduction

The year 2025 is turning out to be a blockbuster year for IPOs in India. With an estimated ₹2.6 lakh crore worth of public offerings lined up for the second half (H2) alone, the Indian equity market is buzzing with excitement. From tech unicorns and NBFCs to renewable energy firms and retail giants, a wide variety of companies are preparing to tap the stock market.

For investors—whether seasoned traders or first-timers—keeping track of upcoming IPOs in 2025 is essential. This blog takes you through the big IPO pipeline, latest SEBI approvals, SME opportunities, sector trends, and investor tips so you can navigate this IPO boom with confidence.

Why is India Experiencing an IPO Boom in 2025?

The IPO momentum of 2025 is driven by several key factors:

• Strong Investor Appetite – Rising retail participation and robust FII inflows are fueling demand.

• Sectoral Growth – Renewables, fintech, retail, and healthcare are witnessing strong expansion.

• Liquidity in Markets – With record-high market indices, companies want to capitalize on high valuations.

• Policy Push – SEBI has streamlined IPO approvals, encouraging more listings.

According to reports, over 50+ companies are expected to list in 2025, making it one of the busiest IPO years in Indian history.

Key Upcoming IPOs in 2025

Let’s break down the mainboard and SME IPOs that investors should watch closely.

 Mainboard IPOs

1. Prozeal Green Energy

   • Issue Size: ₹700 crore

   • Sector: Renewable Energy Financing

   • Highlight: Riding the clean energy wave, this IPO is expected to attract ESG-focused investors.

2. RSB Retail India

   • Issue Size: ₹500 crore

   • Sector: Retail

   • Highlight: Expansion plans across Tier-2 and Tier-3 cities with strong consumption demand.

3. SK Finance (Jaipur-based NBFC)

   • Issue Size: ₹2,200 crore (₹500 cr fresh issue + ₹1,700 cr OFS)

   • Sector: Financial Services (SME Lending)

   • Highlight: Strong foothold in SME financing—an attractive play for investors seeking financial sector exposure.

4. BlueStone Jewellery

   • Issue Size: ₹1,540 crore

   • Sector: Jewellery & Lifestyle

   • Highlight: Riding India’s luxury and lifestyle boom with rapid online and offline expansion.

5. Regaal Resources

   • Issue Size: ₹306 crore

   • Sector: Commodities & Metals

   • Highlight: Strategic play on India’s raw material demand cycle.

6. Patel Retail

   • Issue Size: ₹242.8 crore

   • Sector: Retail & Distribution

   • Highlight: Mid-sized retail player with ambitious expansion plans.

 SME IPOs Creating Buzz

SMEs are at the heart of India’s economic growth, and their IPOs offer high-risk, high-reward opportunities.

Some notable SME IPOs scheduled in August 2025:

• Sawaliya Foods Products (Aug 7–11 | NSE SME)

• Connplex Cinemas (Aug 7–11 | NSE SME)

• ANB Metal Cast (Aug 8–12 | NSE SME)

• Star Imaging (Aug 8–12 | BSE SME)

• Medistep Healthcare (Aug 8–12 | NSE SME)

• Icodex Publishing Solutions (Aug 11–12 | BSE SME)

• Mahendra Realtors (Aug 12–14 | NSE SME)

• Studio LSD (Aug 18–20 | NSE SME)

These companies come from diverse sectors like healthcare, publishing, real estate, and entertainment, reflecting the increasing participation of smaller enterprises in capital markets.

IPO Calendar: August 2025 Snapshot

Here’s a quick look at upcoming IPO dates:

Sector Trends in 2025 IPO Market

The IPO boom of 2025 is not random—it is being fueled by specific sectoral themes:

• Renewable Energy → Driven by ESG mandates, companies like Prozeal Green Energy are riding the sustainability wave.

• Financial Services → NBFCs like SK Finance are tapping the IPO route to fuel lending growth.

• Retail & Lifestyle → Rising middle-class consumption is pushing retail firms like RSB Retail and BlueStone.

• Healthcare → Post-COVID, diagnostics and healthcare firms like Medistep and Star Imaging are seeing robust demand.

• Entertainment & Real Estate → SME listings in cinemas and real estate highlight consumer-driven growth.

What Should Investors Keep in Mind Before Applying for IPOs?

Here are 5 golden rules for investors:

1. Check DRHP and SEBI Approvals – Always review company fundamentals before applying.

2. Diversify Your Portfolio – Don’t invest only in hot IPOs; balance SME and Mainboard for risk control.

3. Monitor Subscription Data – High oversubscription doesn’t always mean guaranteed listing gains.

4. Watch Grey Market Premium (GMP) – GMP offers early signals but isn’t a sure-shot indicator.

5. Long-Term Vision – Focus on fundamentals instead of chasing short-term listing pop.

The Road Ahead: Big IPOs Still to Come

While August 2025 is already packed, the big names are yet to come. Market insiders expect:

• Tata Capital IPO – One of the most awaited listings.

• Groww IPO – India’s fastest-growing investment platform.

• LG Electronics India IPO – Consumer electronics giant.

• Reliance Jio IPO (Possible in 2026) – Could be India’s biggest-ever listing.

• Unicorn IPOs: Meesho, PhonePe, Swiggy – Likely to redefine tech IPO space.

These mega-IPOs could attract global investors and push India further into the spotlight of global capital markets.

Conclusion

The year 2025 marks a golden era for IPOs in India. With over ₹2.6 lakh crore worth of issues lined up, investors have opportunities across renewable energy, fintech, retail, healthcare, real estate, and more.

Whether you’re chasing listing gains or looking for long-term wealth creation, being prepared with the right knowledge is key.

Bookmark this IPO guide, track updates regularly, and align investments with your financial goals.
Because in 2025, the IPO market is not just about participation—it’s about smart participation.