Upcoming IPOs in India in 2025 – A Complete Guide

2025 is set to be a monumental year for the Indian stock market, with several high-profile IPOs expected across diverse sectors such as technology, finance, and manufacturing. Investors are eagerly waiting for companies like Jio Platforms, Tata Technologies, and Swiggy to hit the market. Here’s a detailed overview of the most anticipated IPOs, including their expected sizes, valuations, and other critical details.

Mukesh Ambani’s Jio Platforms is gearing up for what could be the biggest IPO in India's history. Expected to raise around ₹55,500 crore, this IPO will be crucial for retail and institutional investors alike. The funds are likely to be used to bolster Jio’s 5G expansion and digital services. With a valuation of nearly ₹9 lakh crore, this offering is expected to be a game-changer in the telecom and digital space.

Tata Technologies, a subsidiary of the Tata Group, is eyeing an IPO in the second quarter of 2025. Specializing in engineering and product development IT services, the company is looking to raise approximately ₹3,500 crore. The proceeds will likely be used to strengthen its global footprint and invest in next-gen technologies. Analysts predict strong investor interest, given the Tata brand's credibility and Tata Technologies' growth potential.

Swiggy, the food delivery giant, is expected to go public in mid-2025. The IPO aims to raise up to ₹15,000 crore, which will be used for expanding its cloud kitchen network and venturing into new segments like hyperlocal deliveries. With a customer base that spans millions and a valuation touching ₹1 lakh crore, Swiggy’s IPO is anticipated to attract significant attention from both retail and institutional investors.

National Securities Depository Limited (NSDL) is planning to launch its IPO in the third quarter of 2025. As one of India’s leading depositories, NSDL aims to raise ₹2,500 crore to expand its market infrastructure and technology capabilities. Given the company’s pivotal role in the financial market ecosystem, this IPO is highly anticipated among financial investors.

Mobikwik, a prominent fintech player, is looking to launch its IPO by the end of 2025. The company plans to raise around ₹1,900 crore, focusing on expanding its digital payment solutions and lending services. Despite facing stiff competition from Paytm and PhonePe, Mobikwik’s strong user base and recent profitability make it an attractive investment option.

Several other companies are expected to go public in 2025, including Tata Play, BMW Ventures, Mamata Machinery Limited, Enviro Infra Engineers, Armee Infotech Limited, and magicpin. These IPOs span various sectors, offering investors a broad spectrum of opportunities to diversify their portfolios. Keep an eye on market announcements for more information on these upcoming offerings.

With companies like Jio Platforms, Tata Technologies, and Swiggy set to make their stock market debut, there are several opportunities for investors looking to capitalize on these new listings. These IPOs represent a diverse range of industries, from telecommunications and digital services to food delivery and fintech, providing a balanced mix for both conservative and aggressive investment strategies.

Tata Play, formerly known as Tata Sky, is expected to enter the IPO market in 2025. The company aims to raise around ₹3,000 crore to fuel its expansion in the broadband and over-the-top (OTT) content segments. As one of India’s leading direct-to-home (DTH) service providers, Tata Play’s listing is anticipated to be well-received by investors, especially given its solid brand reputation and market presence.

BMW Ventures, a relatively new entrant in the Indian automotive space, is planning to go public with an estimated valuation of ₹7,000 crore. This IPO will be closely watched as it marks a significant move by the luxury carmaker into the Indian market. Funds raised from the IPO are expected to be used for expanding BMW’s electric vehicle (EV) lineup and setting up new manufacturing facilities in India.

Mamata Machinery Limited, a leader in flexible packaging solutions, is targeting a ₹500 crore IPO in 2025. The company plans to use the proceeds to upgrade its manufacturing facilities and invest in research and development. Known for its innovative machinery and robust export presence, Mamata's IPO is expected to attract significant interest from industrial investors.

Enviro Infra Engineers, specializing in environmental engineering and waste management, is looking to raise ₹800 crore through its IPO. The funds will be used to expand its portfolio of projects in water treatment, sewage management, and renewable energy. As sustainability becomes a key focus for investors, Enviro Infra Engineers’ IPO could be a lucrative opportunity for those looking to invest in green infrastructure.

Armee Infotech Limited, a rising star in the IT services and solutions sector, is planning its IPO in 2025 with a target of ₹600 crore. The funds will be allocated towards expanding its service offerings in AI, machine learning, and cybersecurity. Given the increasing demand for IT services globally, this IPO is expected to garner considerable attention from both domestic and international investors.

magicpin, a popular local discovery and rewards platform, is eyeing an IPO in 2025 with an expected valuation of ₹8,000 crore. The company aims to use the proceeds to scale its operations across new cities and enhance its technological infrastructure. With a growing user base and unique value proposition, magicpin’s IPO could offer promising returns for investors looking to capitalize on the evolving consumer tech space.