IPO Watch: LG, NSDL Among 10 Companies to Get SEBI Nod for Public Issue

India's IPO market is buzzing with activity as the second half of 2025 gets underway. After a strong first half, where 24 mainboard IPOs hit the markets, the momentum shows no signs of slowing. Despite a few companies listing below their issue price, overall investor interest remains high. Now, another 10 well-known companies have secured approval from the Securities and Exchange Board of India (SEBI) to go public.

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Who’s Next in Line for an IPO?

LG Electronics India

The Indian arm of LG Group from South Korea is preparing for a ₹15,000 crore IPO. This will be only the second Indian listing by a South Korean company, following Hyundai Motors' debut last year. LG plans to sell over 10.18 crore shares, amounting to a 15% stake.

NSDL (National Securities Depository Limited)

India’s first depository, CDSL, is set to get a listed rival as NSDL plans a ₹3,300 crore IPO. It’s a complete offer-for-sale, with IDBI Bank and NSE among those selling shares.

JSW Cement

Part of the Sajjan Jindal-led JSW Group, JSW Cement is coming up with a ₹4,000 crore IPO. Half the amount will come from a fresh issue and the rest from an OFS. The company is expected to benefit from strong demand for housing and infrastructure.

BlueStone Jewellery

The Bengaluru-based jewellery brand has received SEBI's nod to raise ₹1,000 crores via fresh issue, along with an OFS of up to 2.39 crore shares. Investors, such as Kalaari Capital and Saama Capital, will reduce their stakes.

GK Energy

With infrastructure projects on the rise, GK Energy is set to raise ₹500 crore through a fresh issue and an OFS of 84 lakh shares.

Greaves Electric Mobility

Known for electric vehicle brands like Ampere and Ele, the company plans to raise ₹1,000 crore through a mix of fresh issues and OFS. Existing investors Greaves Cotton and Abdul Latif Jameel Green Mobility Solutions will be selling part of their stakes.

Hero FinCorp

Hero MotoCorp’s financial services arm, Hero FinCorp, has a ₹3,668 crore IPO on the cards. It includes ₹2,100 crore as fresh capital and ₹1,568 crore as OFS, making it one of the largest NBFC listings this year.

Vikram Solar

Capitalising on India’s booming renewable energy sector, Vikram Solar will launch a ₹1,500 crore IPO, with fresh issue and promoter OFS included.

Kent RO Systems

Household water purifier brand Kent RO is planning an OFS of 1.01 crore shares. The IPO won’t bring in fresh funds, but it will allow promoters to dilute their holdings.

Amanta Healthcare

The Ahmedabad-based pharma firm, known for sterile liquid products, is preparing to raise funds through a fresh issue of up to 1.25 crore shares.

Final Take

The coming months could see a flurry of IPO activity from some of India’s most recognised brands across technology, finance, renewable energy, and consumer goods. With investor enthusiasm still strong, market watchers expect these public issues to receive healthy interest provided global and domestic conditions remain favourable.