Upcoming IPO 2025
Check the latest upcoming IPO list in 2025, with confirmed open and close dates, plus issues expected to launch in the coming months.
- Issue Date8 Dec - 10 Dec
- Price Range₹ 1008 to ₹1062
- IPO Size₹ 655.37 Cr
- Min. Investment₹ 14112
- Issue Date8 Dec - 10 Dec
- Price Range₹ 185 to ₹195
- IPO Size₹ 1,288.89 Cr
- Min. Investment₹ 14060
- Issue Date10 Dec - 12 Dec
- Price Range₹ 438
- IPO Size₹ 829.39 - 871.05 Cr
- Min. Investment₹ 14016
- TBA
- 8th December
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- 8th December
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- 11th December
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- 15th December
- TBA
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Initial public offerings (IPO) are yet to see as strong an investor interest as they have in recent years. According to data, this year's total collection for new initial public offers has already surpassed the ₹100 lakh crore mark. With less than a month until the end of the year, investors may see comparable investor interest in subsequent latest upcoming IPO.
The process through which a private business becomes public is known as an IPO. When a corporation goes public, it engages with investment banks to introduce its shares to the public market, necessitating thorough due diligence, advertising, and regulatory compliance. Selling shares is equivalent to selling a piece of the company's equity to investors.
The initial offering is reserved for major investors like hedge funds and banks. Thus, purchasing shares in an upcoming IPO becomes challenging. Common investors can buy shares in a new IPO firm soon after the IPO.
Markets are of two types: primary markets and secondary markets. Primary markets is where an upcoming IPO is put up for subscription before being listed in the secondary markets.
An upcoming IPO refers to a public issue where the company has filed its DRHP and is expected to open in the coming weeks or months of 2025. Investor interest in IPO has surged in recent years, with total collections already surpassing ₹100 lakh crore this year. With a month still to go, similar enthusiasm may continue for every upcoming IPO in the pipeline.
- Login to your 5paisa account: Open the 5paisa app or website and log in with your credentials.
- Head over to the IPO section: From the menu, select “IPO” to view all the ongoing and upcoming issues.
- Choose the IPO you want to apply for: Click on the IPO to see details such as price band, lot size, and issue dates.
- Enter your bid and UPI ID: Specify the quantity you wish to apply for (in multiples of the lot size) and enter your UPI ID linked to your bank account.
- Submit the application: Review the details and submit your IPO bid through 5paisa.
- Approve the UPI mandate: A notification will appear on your UPI app (Google Pay, PhonePe, Paytm, or your bank app). Approve the mandate to block the funds.
- Check allotment status: Once allotment is finalised, you will be notified. If allotted, shares will be credited to your demat account. If not, the blocked funds will be automatically released.
The Securities and Exchange Board of India (SEBI) permits participation from four key investor categories during an upcoming IPO:
1. Qualified Institutional Buyers (QIBs)
QIBs include commercial banks, mutual funds, public financial institutions, foreign portfolio investors (FPIs) registered with SEBI, and insurance companies. These investors bring credibility and depth to an upcoming IPO. While SEBI does not mandate a 90-day lock-in for QIBs, anchor investors (a sub-category) are subject to a 30-day lock-in on their allotted shares.
2. Anchor Investors
Anchor investors are QIBs who apply for shares worth ₹10 crore or more in a mainboard IPO. They are allotted shares a day before the IPO opens to the public and can be allotted up to 60% of the QIB quota. Their early participation helps build confidence in the offering.
3. Retail Individual Investors (RIIs)
Retail investors can bid for shares worth up to ₹2 lakh in any upcoming IPO. SEBI mandates a minimum of 35% of the IPO allocation be reserved for this category. In case of oversubscription, a lottery system is used to allot shares, ensuring at least one lot is given to as many applicants as possible.
4. Non-Institutional Investors (NIIs) or High-Net-Worth Individuals (HNIs)
NIIs or HNIs are investors who bid for shares exceeding ₹2 lakh in value. Unlike QIBs, they are not required to register with SEBI. Around 15% of the IPO is typically reserved for this category.
1. Pick the IPO that you want to invest in
Investing in a mainboard IPO or an SME IPO necessitates study since we may lack previous data on performance, management, and other critical basic variables. Deciding which IPO to invest in is an important first step. Every company that announces an IPO distributes a prospectus to the public, which contains information about the firm's operations and future intentions. Before making a choice, thoroughly read this prospectus and research the firm.
2. Create the Necessary Accounts
To invest in a fresh IPO and later trade it on the secondary market, you'll need the following three accounts:
- Demat account: Your shares are kept in electronic form in a Demat account.
- It is essential to fund your stock market operations. A bank account might be helpful when applying for an IPO. Almost all net-banking systems allow you to apply for the IPO using the Application Supported by Blocked Amount (ASBA) feature.
- Trading account: A trader can purchase and sell stocks through a trading account.
3. What happens when you submit an IPO application?
After submitting an upcoming mainboard IPO or an upcoming SME IPO application, your bank account will be debited (blocked) for the amount you choose to invest. Your balance will still show the amount, but you cannot spend it since it is blocked. If you are issued the shares, the cost will be deducted from your account after the complete distribution. If you did not obtain any shares in the IPO, the funds will be released and made available for use.
Securing shares in an upcoming IPO can be competitive, especially when demand outpaces supply. While allotment is ultimately a lottery-based process for retail investors in oversubscribed issues, there are a few ways to improve your chances:
- Submit Applications from Multiple Demat Accounts: Applying through family members' accounts with valid PANs and bank details can increase the number of bids under the retail category.
- Avoid Big Bids in Retail Quota: Instead of applying for multiple lots in a single application, place bids for just one lot per application to stay within the retail investor quota. This aligns better with SEBI’s fair allocation rules in oversubscription scenarios.
- Apply on the First or Second Day: Submitting your application early ensures you don't miss the window due to last-minute technical glitches or bank cut-offs.
- Maintain a Sufficient Bank Balance: Ensure that your linked bank account has the required amount at the time of application. Insufficient funds may lead to application rejection.
- Choose UPI Mandates Carefully: Opt for a trusted UPI ID linked to your primary bank account, and approve the mandate request promptly.
Read our blog on How to Increase Your Chances of IPO Allotment to know such interesting details.
Any Indian citizen with a PAN card can open a Demat account and can apply for an IPO in India. While you do not need a trading account to apply for any mainboard IPO or SME IPO, you may need to sell your holdings if the IPO is credited to your account.
Besides the eligibility, you must also research the company you wish to invest in. While previous year has so far been a great year for upcoming IPO, some companies have still shown a lackluster performance. Hence, proper research is vital before investing in an IPO.
UPI as a payment option - Fill in the bid details in the application form and process with your UPI ID. IF you do not have a UPI Id, create one, find here the list of Banks on UPI. You can use your UPI ID to apply with three options, read here to know the New Process for applying in IPO using UPI ID
A Bank Account - ASBA (Application Supported by Blocked Amount) is another option to apply for an IPO. However, you cannot apply for an IPO if your account does not have a sufficient balance.
To plan your IPO investments more effectively, keep an eye on every major upcoming IPO in 2025. Prominent names like OYO, Meesho, Ola Consumer, boAt, and Zepto are expected to launch their public issues.
Zepto IPO
Zepto IPO is one of the most closely tracked offerings in India’s upcoming listings. Operating in the fiercely competitive quick commerce segment, Zepto has made profitability its calling card—rare in a business model driven by speed and scale. With backing from Y Combinator and Nexus Ventures, and a valuation north of ₹8,000 crore, the company is positioning itself as a disruptive force with financial discipline at its core.
Zepto IPO is expected to appeal to investors eyeing high-growth, GMV-heavy startups. Whether it delivers long-term returns remains to be seen, but in terms of anticipation and buzz, it’s already ahead of the curve.
Wakefit IPO
Wakefit IPO is on the radar for investors seeking a rare D2C success story built on profitability and bootstrapped fundamentals. The company, known for its sleep and home solutions, has grown from a mattress brand into a modular furniture player with a strong offline presence to match.
Wakefit IPO aims to raise ₹600–₹800 crore. With its solid track record in margins and a clear expansion roadmap, this listing represents more than just a capital raise - it marks the mainstreaming of profitable homegrown brands in Indian public markets.
Reliance Jio IPO
Reliance Jio IPO is shaping up to be the marquee listing of the year. Backed by the Reliance Group, Jio’s 450 million-plus subscriber base spans telecom, digital entertainment, payments, and more—making it an unmatched digital ecosystem.
Reliance Jio IPO, though yet to be dated, is expected to draw significant institutional and retail interest. For those tracking India’s largest upcoming IPO, this one will likely reset benchmarks for both size and scale.
PhonePe IPO
PhonePe IPO is not just about payments - it's about building an end-to-end digital finance ecosystem. With a 46% share in the UPI market and strong support from Walmart, PhonePe is preparing for a ₹20,000 crore+ listing that could reshape fintech listings in India.
PhonePe IPO is likely to attract attention from investors across the spectrum—from fintech-focused funds to digital economy enthusiasts - given its reach, momentum, and regulatory re-domiciling to India.
PharmEasy IPO
PharmEasy IPO is expected to test investor sentiment around healthtech in India. The company, known for delivering medicines and healthcare products via its app, has built strong brand recall even as it continues to chase profitability.
PharmEasy IPO will be closely watched by those seeking exposure to digital healthcare, especially with the rise in demand for doorstep diagnostics and pharmacy services post-pandemic.
Meesho IPO
Meesho IPO is poised to highlight the social commerce story from India’s hinterlands. The platform empowers small sellers and entrepreneurs to reach buyers via WhatsApp, Instagram, and Facebook—redefining how e-commerce works in Tier 2 and Tier 3 cities.
Meesho IPO, though undated, is expected to draw attention for its grassroots reach, tech-led scalability, and potential to monetise a largely untapped consumer base.
Navi Technologies IPO
Navi Technologies IPO reflects the ambition of creating a unified financial services platform for the Indian middle class. Founded by Sachin Bansal, Navi offers lending, insurance, and asset management under one digital umbrella.
Navi Technologies IPO, aiming to raise ₹3,350 crore, will test investor confidence in vertically integrated fintechs. While the road hasn’t been smooth, Navi’s control over its tech stack and product suite sets it apart in a crowded space.
List of Upcoming Mainboard IPO 2025
Fujiyama Power Systems IPO
Fujiyama Power Systems IPO is a Book - Build offering valued at ₹828 crore. The IPO will open for subscription on Nov 13, 2025 and close on Nov 17, 2025. The allotment for the IPO is anticipated to be finalised on Nov 18, 2025. The Fujiyama Power Systems IPO is expected to be listed on the BSE NSE, with a tentative listing date set for Nov 20, 2025.
Sudeep Pharma IPO
Sudeep Pharma IPO is a Book - Build offering valued at ₹895 crore. The IPO will open for subscription on Nov 21, 2025 and close on Nov 25, 2025. The allotment for the IPO is anticipated to be finalised on Nov 26, 2025. The Sudeep Pharma IPO is expected to be listed on the BSE, NSE, with a tentative listing date set for Nov 28, 2025.
Meesho IPO
Meesho Ltd. IPO is a Book - Build offering valued at ₹5421.2 crore. The IPO will open for subscription on Dec 03, 2025 and close on Dec 05, 2025. The allotment for the IPO is anticipated to be finalised on Dec 08, 2025. The Meesho Ltd. IPO is expected to be listed on the BSE NSE, with a tentative listing date set for Dec 10, 2025.
Aequs IPO
Aequs Ltd. IPO is a Book - Build offering valued at ₹921.81 crore. The IPO will open for subscription on Dec 03, 2025 and close on Dec 05, 2025. The allotment for the IPO is anticipated to be finalised on Dec 08, 2025. The Aequs Ltd. IPO is expected to be listed on the BSE NSE, with a tentative listing date set for Dec 10, 2025.
Vidya Wires IPO
Vidya Wires Ltd. IPO is a Book - Build offering valued at ₹300.01 crore. The IPO will open for subscription on Dec 03, 2025 and close on Dec 05, 2025. The allotment for the IPO is anticipated to be finalised on Dec 08, 2025. The Vidya Wires Ltd. IPO is expected to be listed on the BSE NSE, with a tentative listing date set for Dec 10, 2025.
Prodocs Solutions IPO
Prodocs Solutions Ltd. IPO is a Book - Build offering valued at ₹27.6 crore. The IPO will open for subscription on Dec 08, 2025 and close on Dec 10, 2025. The allotment for the IPO is anticipated to be finalised on Dec 11, 2025. The Prodocs Solutions Ltd. IPO is expected to be listed on the BSE SME, with a tentative listing date set for Dec 15, 2025.
List of Upcoming SME IPO 2025
Shipwaves Online IPO
Shipwaves Online IPO is launching an SME issue with a total issue size of ₹56.35 crore. Key parameters such as the subscription window, allotment schedule, and listing date are still pending final confirmation. The issue is expected to list on the BSE SME platform, subject to regulatory approvals.
Riddhi Display Equipments IPO
Riddhi Display Equipments IPO is a book-built SME issue for 24,68,400 shares, aggregating up to ₹24.68 crore. The opening and closing dates, allotment timeline, and listing schedule are yet to be finalised. The IPO is intended for listing on the BSE SME, contingent on necessary approvals.
Neochem Bio IPO
Neochem Bio IPO is a Book - Build offering valued at ₹0.46 crore. The IPO will open for subscription on Dec 02, 2025 and close on Dec 04, 2025. The allotment for the IPO is anticipated to be finalised on Dec 05, 2025. The Neochem Bio IPO is expected to be listed on the NSE SME , with a tentative listing date set for Dec 09, 2025.
Luxury Time IPO
Luxury Time Ltd. IPO is a Book - Build offering valued at ₹18.74 crore. The IPO will open for subscription on Dec 04, 2025 and close on Dec 08, 2025. The allotment for the IPO is anticipated to be finalised on Dec 09, 2025. The Luxury Time Ltd. IPO is expected to be listed on the BSE SME, with a tentative listing date set for Dec 11, 2025.
Western Overseas Study Abroad IPO
Western Overseas Study Abroad Ltd. IPO is a Book - Build offering valued at ₹10.07 crore. The IPO will open for subscription on Dec 04, 2025 and close on Dec 08, 2025. The allotment for the IPO is anticipated to be finalised on Dec 09, 2025. The Western Overseas Study Abroad Ltd. IPO is expected to be listed on the BSE SME, with a tentative listing date set for Dec 11, 2025.
Encompass Design India (ScaleSauce) IPO
Encompass Design India IPO is a Book - Build offering valued at ₹40.21 crore. The IPO will open for subscription on Dec 05, 2025 and close on Dec 09, 2025. The allotment for the IPO is anticipated to be finalised on Dec 10, 2025. The Encompass Design India Ltd. IPO is expected to be listed on the NSE SME, with a tentative listing date set for Dec 12, 2025.
Methodhub Software IPO
Methodhub Software Ltd. IPO is a Book - Build offering valued at ₹87.5 crore. The IPO will open for subscription on Dec 05, 2025 and close on Dec 09, 2025. The allotment for the IPO is anticipated to be finalised on Dec 10, 2025. The Methodhub Software Ltd. IPO is expected to be listed on the BSE SME, with a tentative listing date set for Dec 12, 2025.
Wakefit Innovations IPO
Wakefit Innovations IPO is a Book - Build offering valued at ₹1288.89 crore. The IPO will open for subscription on Dec 08, 2025 and close on Dec 10, 2025. The allotment for the IPO is anticipated to be finalised on Dec 11, 2025. The Wakefit Innovations IPO is expected to be listed on the BSE, NSE, with a tentative listing date set for Dec 15, 2025.
K. V. Toys India IPO
K. V. Toys India IPO is a Book - Build offering valued at ₹40.15 crore. The IPO will open for subscription on Dec 08, 2025 and close on Dec 10, 2025. The allotment for the IPO is anticipated to be finalised on Dec 11, 2025. The K. V. Toys India IPO is expected to be listed on the BSE SME, with a tentative listing date set for Dec 15, 2025.
Flywings Simulator Training IPO
Flywings Simulator Training IPO is a Book - Build offering valued at ₹57.05 crore. The IPO will open for subscription on Dec 05, 2025 and close on Dec 09, 2025. The allotment for the IPO is anticipated to be finalised on Dec 10, 2025. The Flywings Simulator Training IPO is expected to be listed on the NSE SME, with a tentative listing date set for Dec 12, 2025.
Corona Remedies IPO
Corona Remedies IPO is a Book - Build offering valued at ₹655.37 crore. The IPO will open for subscription on Dec 08, 2025 and close on Dec 10, 2025. The allotment for the IPO is anticipated to be finalised on Dec 11, 2025. The Corona Remedies Ltd. IPO is expected to be listed on the BSE NSE, with a tentative listing date set for Dec 15, 2025.
Nephrocare Health IPO
Nephrocare Health Services IPO is a Book - Build offering valued at ₹353.41 crore. The IPO will open for subscription on Dec 10, 2025 and close on Dec 12, 2025. The allotment for the IPO is anticipated to be finalised on Dec 15, 2025. The Nephrocare Health Services Ltd. IPO is expected to be listed on the BSE NSE, with a tentative listing date set for Dec 17, 2025.
Neptune Logitek IPO
Neptune Logitek Ltd. IPO is a Book - Build offering valued at ₹46.62 crore. The IPO will open for subscription on Dec 15, 2025 and close on Dec 17, 2025. The allotment for the IPO is anticipated to be finalised on Dec 18, 2025. The Neptune Logitek Ltd. IPO is expected to be listed on the BSE SME, with a tentative listing date set for Dec 22, 2025.
Where to Find the List of Upcoming IPO in 2025?
For investors hoping to make early, informed decisions, knowing where to track upcoming mainboard IPO or upcoming SME IPO can make all the difference. After all, missing a strong listing could mean missing out on value - especially in a year like 2025, where the pipeline is packed with promising names across fintech, digital platforms, and legacy sectors.
But the real question is—where do you go for accurate, up-to-date information? Here's a breakdown:
Stock Exchange Websites – NSE and BSE
Both NSE India (nseindia.com) and BSE India (bseindia.com) maintain dedicated sections on their websites for upcoming IPO. These pages list:
Draft Red Herring Prospectuses (DRHPs) and final RHPs
Offer timelines and issue sizes (when disclosed)
Company background and risk factors
For anyone serious about IPO investing, these are non-negotiable starting points.
SEBI Website – For Official Filings
The Securities and Exchange Board of India (SEBI) provides a list of companies that have either filed or received approval for IPO. While this platform won’t tell you which IPO opens next week, it’s an excellent place to track pre-listing intent and regulatory clearance.
Financial News Platforms – For Market Buzz
Business dailies and digital portals like Mint, Economic Times, and Moneycontrol often break IPO-related developments even before exchanges update their pages. These outlets are especially useful for:
1. Market sentiment around upcoming IPO
2. Expert commentary and subscription strategies
3. Grey market premium (GMP) trends
But remember: not all reports are equally vetted. Stick to reputed sources. Further, things like GMP are highly volatile, illiquid, and can give a wrong impression of an upcoming IPO.
Brokerage Platforms Like 5paisa – All in One Dashboard
If you're looking for speed, simplicity, and curated insights, brokerage platforms such as 5paisa provide everything in one place:
1. Live IPO calendars
2. Subscription details by investor category
3. RHP summaries and company analysis
4. Seamless online application tools (via UPI or ASBA)
As a registered investor, you'll also get alerts when a new IPO opens—so you never miss out.
Trending News about IPOs
Frequently Asked Questions
Some major IPOs in 2025 include Zepto, Tata Capital, BOAT, and more. These IPOs represent a mix of industries, offering diverse investment opportunities.
To prepare for the future IPOs, begin by researching the company, its industry, and future growth prospects. Read the IPO prospectus carefully to grasp the company model, financials, and hazards. Keep track of market trends and how similar IPOs have done recently. If you do not already have a Demat and trading account, open one and confirm that the funds are ready. Set a clear investing plan, whether you want long-term growth or immediate market gains.
The minimum investment for retail investors is generally between INR 14,500 and 15,500. The maximum investment is restricted to INR 2 lakh.
Yes, you have to enter the Demat account number when you apply for an IPO online. You will also need a trading account to sell your holdings conveniently
Several companies, including LG Electronics India, BlueStone Jewellery, Crizac, and Anand Rathi Share and Stock Brokers, have filed DRHPs, signaling their intent to go public soon.
A Draft Red Herring Prospectus (DRHP) is a mandatory requirement for companies launching their IPOs through the book building process. It is a registration document containing information about its business, including its promoters, financials, business risks, business strengths, and competitive advantages. A DRHP is a must-read for investors willing to invest in an IPO.
DRHP contains vital information about a company’s nature of business, risks, opportunities, and reasons to invest. A DRHP is prepared by a merchant banker appointed by the company launching the IPO. Red Herring Prospectus (RHP) is an extension to the DRHP containing additional details about the IPO, such as the IPO dates, price, financials, and is often considered the IPO Final Prospectus.
Read in detail about Difference between DRHP and RHP
Yes. All intelligent investors invest in IPOs consistently. While some IPOs list at a discount, most IPOs list at a premium. Hence, by participating in all open IPOs, you can increase the chances of making a profit. However, before investing in an IPO, you must read the DRHP properly to make an informed decision.
A quick scan of the top IPOs in 2021 shows that a majority of them have delivered higher returns than many other financial instruments. However, IPOs also list at a discount. You may check the Grey Market Premium (GMP) of an IPO to estimate its price at the time of listing.
To apply for an IPO online, mentioned below are the steps:
- 1. Log in to your online account or register if you don't have one.
- 2. Navigate to the IPO tab, select the desired IPO from the current list, and enter the lot size and bid price.
- 3. To increase allotment chances, consider bidding at the cut-off price.
- 4. Next, enter your UPI ID and submit the bid.
- 5. Approve the transaction via your UPI app, and the application money will be blocked until the IPO allotment date.
An upcoming IPO refers to a company that has filed to go public but hasn’t yet listed on the stock exchange. It’s essentially a business preparing to offer its shares to the public for the first time—opening the door for retail and institutional investors to own a stake.
Yes. A Demat account is mandatory to receive and hold the shares allotted through an IPO. Applications can be made through UPI or ASBA-linked bank accounts, but without a Demat account, no shares can be credited—even if you're allotted.
The price band is the range within which investors can bid for shares during an IPO. The lower end is the floor price, while the upper end is the cap. The final allotment price is typically decided after evaluating demand during the bidding period.
An IPO (Initial Public Offering) is when a company lists its shares on the stock exchange for the very first time. An FPO (Follow-on Public Offering), on the other hand, is when a listed company issues additional shares to raise capital.
Once you apply, your funds are blocked (but not debited) via UPI or ASBA. After the issue closes, the company processes allotment based on demand. If you're allotted shares, they’re credited to your Demat account; if not, your funds are released.
Pre-apply allows investors to place their IPO bid before the issue officially opens. On platforms like 5paisa, this feature ensures your application is submitted the moment the window opens—saving time and improving chances during oversubscribed issues.
An IPO typically progresses through the following stages:
- 1. Filing of DRHP with SEBI
- 2. Regulatory review and approval
- 3. Announcement of IPO dates and price band
- 4. Subscription window opens
- 5. Share allotment and refund process
- 6. Listing on the stock exchange