Mother Of All Indian IPO Ahead: From Tata, Jio To LG; These Mega IPOs May Hit Stock Market In 2025

IPO Calendar: After a weak start in 2025, India's primary market is buzzing with several initial public offerings (IPO) launches. Big names like Tata Capital, Ather Energy, LG Electronics, PhonePe, Zepto, Flipkart, JSW Cement, BoAt, LG, HDB Financial Services, Reliance Jio, etc are planning to debut on the Indian stock market this year.

India's primary market investors have witnessed a massive slump in mainboard initial public offerings over the past few months. The downward trend in IPOs has come months after the Reserve Bank of India declared 2024's September as the busiest month for IPOs in the last fourteen years. During the IPO rush in 2024, India witnessed the highest number of IPOs globally at 27% during the first half of 2023-24. However, the IPO frenzy has fizzled out since the beginning of 2025 amid stock market volatility, and consistent FII selling.

Upcoming IPOs in 2025

Most of the companies that were planning to bring IPOs this year have put their plans on the backseat amid the ongoing market correction and geopolitical uncertainty. Despite the sombre state of the IPO market in India, primary market investors are keenly waiting for big names that are planning to debut in the Indian stock market. Here is the list of IPOs that will reportedly hit the stock market this year.

Reliance Jio IPO

Months after witnessing the launch of the mammoth IPO of Hyundai worth ₹27,870.16 crores, Indian primary market investors can witness its biggest ever IPO launch of Reliance Jio. According to media reports, Mukesh Ambani-owned Reliance Industries Limited's telecom arm is mulling over to raise around Rs 35,000-40,000 crore. The giant IPO is likely to hit Dalal Street in the second half of 2025 and will include a sale of existing shares as well as the release of new shares. The exact valuation of Reliance Jio is not known but Jefferies in its report in July last year, had valuated the company's estimated IPO valuation at $112 billion.

LG Electronics India IPO

LG Electronics India Limited, recently got the final nod from the stock market regulator Securities and Exchange Board of India to begin raising funds through its IPO worth Rs 15,000 crore. In December 2024, the company had submitted its IPO documentation to SEBI and as per reports, LG Electronics

LG Electronics Inc.'s subsidiary, LG Electronics India Limited, has recently obtained final approval from the Securities and Exchange Board of India (SEBI) to proceed with raising capital through an IPO.

According to LG Electronics draft red herring prospectus (DRHP), the book-running lead managers of LG IPO will include Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Axis Capital Limited, BofA Securities India Limited, and Citigroup Global Markets India Private Limited.

NSDL IPO

India's largest security depository (NSDL) will reportedly bring its much-anticipated IPO worth Rs 3,000 crore to the stock market this month or in April. This offering will majorly include offer for sale (OFS), where shareholders will reduce their holdings, including the National Stock Exchange (NSE), IDBI Bank and HDFC Bank. As of now NSE owns around 24% share in NSDL.

According to a PTI report, NSDL has received necessary approval to bring its IPO, but the company is racing against time to complete all the formalities and debut the Indian stock market in March.

boAt IPO

Consumers electronic brand boAt is preparing to bring its IPO in the Indian stock market this year. According to a CNBC TV-18 report, the company is planning to launch an IPO worth Rs 2,000 crore in the coming markets. The electronic brand may strive for a valuation target of $1.5 billion or more. The company had attempted to bring an IPO in 2022. During that time, boAT had even filed a DRHP for an IPO worth Rs 2,000 crore but had later retrieved the proposal due to uncertain market conditions.