Top Active & Upcoming IPOs in India 2025
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The Indian IPO market is buzzing with opportunities in 2025. From electric vehicle pioneers to jewellery brands, companies are going public to raise funds and offer investors a chance to own a piece of their growth.
Ather Energy’s IPO is a highlight, but other names like Manoj Jewellers, Wagons Learning, and Srigee DLM are also active.
Upcoming IPOs like Zepto, Tata Capital, and LG Electronics are on the radar, promising a vibrant primary market.
Staying updated on the upcoming IPOs list with dates and price bands is key to grabbing these opportunities.
Read also: Top Gold ETFs in India 2025 for Beginner Investors
Ather Energy IPO: The Electric Spark
Ather Energy, a top player in India’s electric two-wheeler (E2W) market, is hitting the stock market with its much-awaited IPO.
Known for premium e-scooters and a fast-charging network called Ather Grid, this Bengaluru-based company is a desi success story.
Here’s the lowdown on Ather Energy’s IPO:
- Listing Date: Scheduled for May 6, 2025, on BSE and NSE.
- Issue Size: ₹2,981 crore, split into a fresh issue of ₹2,626 crore and an Offer for Sale (OFS) of 1.1 crore shares.
- Valuation: Around ₹11,956 crore, making it a big-ticket IPO.
- Price Band: ₹304 to ₹321 per share, with a minimum lot size of 46 shares (₹14,766 investment for retail investors).
- Grey Market Premium (GMP): Hovering at ₹2 per share, suggesting a modest listing gain of about 0.6%. This muted GMP reflects cautious market sentiment.
- Subscription Details: The IPO, open from April 28 to April 30, 2025, was subscribed 1.5 times overall. Retail investors showed moderate interest (10% quota), while Qualified Institutional Buyers (QIBs) took 75%, and High Net-Worth Individuals (HNIs) grabbed 15%.
- Use of Proceeds: Funds will fuel a new EV manufacturing plant in Maharashtra, boost R&D, and expand marketing efforts.
- Financial Snapshot: Ather reported revenue of ₹1,789.1 crore in FY24 (slightly down from ₹1,801.8 crore in FY23) but posted a loss of ₹1,059.7 crore, up from ₹864.5 crore. Long-term investors may find value in its growth potential despite current losses.
Ather’s focus on innovation and sustainability makes it one of the top upcoming IPOs to watch in India. But with losses and a modest GMP, it’s not a “bhai, lagao aur kamao” deal-research is crucial.
Current IPOs Open for Subscription in India
As of May 5, 2025, several IPOs are live:
- Manoj Jewellers IPO: A ₹16.2 crore fixed-price issue at ₹54 per share, open from May 5 to May 7. It’s a fresh issue for debt repayment.
- Wagons Learning IPO: A ₹38.38 crore issue (₹78-₹82 per share), open from May 2 to May 6, blending fresh issue and OFS.
- Srigee DLM IPO: Open from May 5, this SME IPO targets niche investors.
Check the NSE IPO section for real-time subscription updates.
Upcoming IPOs List with Dates and Price Bands
Here’s a sneak peek at upcoming IPOs in 2025:
- Zepto: Likely filing DRHP by March 2025, targeting ₹800 crore-₹1,000 crore.
- Tata Capital: A ₹18,000 crore IPO, expected in mid-2025.
- LG Electronics India: Awaiting SEBI nod, details to follow.
Visit the SEBI website for DRHP filings and timelines.
How to Apply for IPOs Online
Applying for IPOs is as easy as ordering biryani online if you follow these steps:
- Get a Demat Account: Open one with brokers like Zerodha or Upstox.
- Link UPI: Ensure your bank account supports UPI for payments.
- Choose the IPO: Log into your trading app, select the IPO (e.g., Ather Energy), and enter lot size and bid price.
- Approve UPI Mandate: Confirm the payment block in your UPI app.
- Track Allotment: Check status on the registrar’s site (e.g., MUFG Intime) or NSE.
Pro tip: Apply early and bid at the cut-off price to boost allotment chances.
Top Upcoming IPOs to Watch in India
Besides Ather, keep an eye on:
- OYO: Planning a ₹8,430 crore IPO for global expansion.
- HDB Financial Services: A massive NBFC IPO from HDFC Bank’s stable.
- Boat: Aiming for a $1.5 billion valuation by mid-2025.
Key Takeaways for Personal Finance
IPOs can be a game-changer for wealth creation, but don’t jump in blindly.
Research the company’s financials, read the DRHP, and align investments with your goals.
Ather Energy’s IPO suits long-term investors betting on EVs, but short-term gains look iffy.
Diversify your portfolio and avoid putting all your paisa in one IPO.
Got thoughts on Ather’s IPO or other upcoming IPOs? Drop a comment or share this article with your investor bros!
Disclaimer
Well Returns is not a financial adviser. The content provided here is for informational purposes only and is intended to offer a brief overview and general knowledge. It is not a substitute for professional financial advice. Please consult a qualified financial adviser before making any financial decisions or investments.
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Related FAQs
Ather Energy’s IPO, open from April 28 to April 30, 2025, was subscribed 1.5 times. The retail portion (10%) saw moderate demand, QIBs took 75%, and HNIs grabbed 15%. Allotment status is available on MUFG Intime’s website.
To apply, open a Demat account with a broker, link your UPI ID, select the IPO in the trading app, enter lot size and bid price, and approve the UPI mandate. Check allotment status on the registrar’s or NSE’s website.
Top upcoming IPOs include Ather Energy (listing May 6, 2025), Zepto, Tata Capital, and LG Electronics. Monitor SEBI’s website for DRHP filings and official dates.
