April 15, 2025 – Mumbai: India’s mainboard IPO market has experienced a lull since February 14, 2025, with no new public offerings announced amid prevailing market volatility. Despite this pause, several companies have either received approval from the Securities and Exchange Board of India (SEBI) or are in the process of filing draft papers, signaling a robust pipeline for the remainder of the year.
Notable Upcoming IPOs:
- Tata Capital: The financial services arm of the Tata Group has confidentially filed a Draft Red Herring Prospectus (DRHP) with SEBI for a $2 billion IPO, aiming for a valuation around $11 billion. The offering will comprise a fresh issue of 2.3 crore equity shares and an offer-for-sale (OFS) component.
- Ather Energy: The electric two-wheeler manufacturer has revised its IPO size to between ₹2,900 crore and ₹3,200 crore, down from the earlier estimate of ₹3,500 crore to ₹3,700 crore. The IPO will include both fresh issuance and OFS. Ather received SEBI approval in December 2024, with Axis Capital, JM Financial, Nomura, and HSBC as lead managers.
- Zepto: The quick commerce unicorn is expected to file its DRHP soon, targeting to raise between $800 million and $1 billion. Zepto has raised $1.35 billion over the past five months and recently appointed Akhil Gupta, vice-chairman of Bharti Enterprises, as an independent director.
- LG Electronics India: The Indian subsidiary of South Korea’s LG has obtained SEBI’s nod to raise ₹15,000 crore through an OFS, wherein the parent company will sell over 10.18 crore shares.
While the primary market has been subdued, these developments indicate a strong lineup of IPOs poised to hit the market once conditions stabilize. Investors and market participants should stay informed about these upcoming opportunities.
Source: “Mainboard IPOs on pause since February: Here’s a look at the upcoming public issues in 2025”, Upstox, April 15, 2025. Read the original article
Disclaimer: This article is not authored or drafted by any employee of FinMen Advisors. The information presented is entirely sourced from the above news link. FinMen Advisors is not responsible for the accuracy, completeness, or reliability of the information.
