Closed IPOs in 2025

Closed IPOs in 2025
Get insights into IPOs that recently closed for subscription.
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Safe Enterprises Retail Fixtures IPOSME

11.92x

subscribed

Allotment Date25 Jun 2025
Demat Transfer26 Jun 2025
Listing Date27 Jun 2025
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Aakaar Medical Technologies IPOMedical Equipment/Supplies/Accessories, SME

1.94x

subscribed

Allotment Date25 Jun 2025
Demat Transfer26 Jun 2025
Listing Date27 Jun 2025
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Mayasheel Ventures IPOEngineering - Construction, SME

75.77x

subscribed

Allotment Date25 Jun 2025
Demat Transfer26 Jun 2025
Listing Date27 Jun 2025
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Arisinfra Solutions LimitedCement & Construction Materials

1.4x

subscribed

Allotment Date23 Jun 2025
Demat Transfer24 Jun 2025
Listing Date25 Jun 2025
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Influx Healthtech IPOHospital & Healthcare Services, SME

97.16x

subscribed

Allotment Date23 Jun 2025
Demat Transfer24 Jun 2025
Listing Date25 Jun 2025

How to apply for IPOs on Upstox

Step 1

Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section

Step 2

Click on apply, enter the lot size, price and provide your UPI mandate.

Step 3

Approve the UPI mandate on your UPI app and you are all set!


Latest News on IPO

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HDB Financial Services IPO: The IPO is a combination of a fresh issue of equity shares worth ₹2,500 crore and an offer for sale (OFS) of ₹10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36% stake in HDB Financial Services.

4 min read

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New IPOs that opened on Tuesday includes— Kalpataru, Shri Hare-Krishna Sponge Iron, Ellenbarrie Industrial Gases, Globe Civil Projects and Icon Facilitators

5 min read

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The HDB Financial IPO will open for subscription on June 25. The NBFC arm of HDFC Bank plans to raise ₹12,500 crore via a combination of fresh issue and offer-for-sale. As HDB Financial prepares to enter the public markets, here’s a comparative look at how it stacks up against India’s largest NBFC, Bajaj Finance across key metrics such as revenue, profitability, asset quality, and distribution scale.

4 min read

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Kalpataru IPO, which will conclude on June 26, is a fresh capital raise of ₹1,590 crore. The price band has been set at ₹387 to ₹414 per share. The minimum application size is 36 shares.

2 min read

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HDB Financial Services aims to raise ₹12,500 crore via its initial public offering. The mainboard IPO will open for subscription on Wednesday, Jun 25, 2025. HDFC Bank shareholders can bid for the HDB Financial Services IPO under the shareholders’ quota.

5 min read

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Upcoming IPOs: The three firms, which filed their preliminary IPO papers with SEBI during February-March, obtained their observation letters issued between June 16-20, according to an update with the regulator on Tuesday.

3 min read

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On Monday, the company raised ₹708 crore from nine anchor investors. Along with being a prominent name in the real estate market, the company is prone to a few risks, including geographical concentration, highly capital-intensive

3 min read

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Globe Civil Projects IPO: The ₹119 public offer is only a fresh issuance of 16,760,560 shares. The price range has been set at ₹67 to ₹71 per share.

3 min read

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Eppeltone Engineers share price: The ₹43.96 crore initial public offer was exclusively a fresh issuance of 34.34 lakh shares without an offer for sale component. The price band was ₹125 to ₹128 per share.

2 min read

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HDB Financial Services Dividend Policy: According to the RHP, if there is any declaration and payment of dividends on equity shares in the future, the recommendation will be made by HDB Financial Services Ltd's Board to the shareholders for their approval at the Annual General Meeting (AGM).

3 min read

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Real estate developer Kalpataru's initial share sale is a fresh capital raise of ₹1,590 crore. There is no offer for sale component. The price band has been set at ₹387 to ₹414 per share, and a lot consists of 36 shares.

3 min read

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Meesho has merged its Delaware-based unit, Meesho Inc., with its Indian entity. This move has received approval from the National Company Law Tribunal (NCLT), Bengaluru bench, a regulatory filing showed.

2 min read

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Arisinfra Solutions IPO allotment: The initial share sale is an entirely fresh issuance of 2.25 crore equity shares, valued at ₹499.60 crore. There is no offer for sale (OFS) component. The price band was ₹210 to ₹222 per share, with a lot consisting of 67 shares.

2 min read

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Paper Arizona aims to strengthen regional footprints in North India, before expanding into select markets across Eastern and Western India in the coming years.

2 min read

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PhonePe IPO: As of March 2024, FIT Holdings SARL, a Luxembourg-based company of Walmart, held an 83.91% stake in PhonePe, General Atlantic Singapore held 5.14%, and PhonePe's Singapore unit held 6.7%.

2 min read

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Ellenbarrie Industrial Gases' ₹852.5 crore IPO opens on June 24 and closes on June 26. The issue includes fresh shares and an OFS. Net proceeds from the fresh issue will be used for debt repayment, plant expansion, and general purposes. The company operates nine manufacturing facilities and is a key industrial gas supplier in East and South India.

4 min read

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Globe Civil Projects IPO: For the nine months ended December 2024, the company reported a revenue from operations of ₹254.65 crore and a net profit of ₹17.78 crore.

3 min read

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Patil Automation share price: The company had launched its initial public offer to raise ₹69.61 crore at a price band of ₹114-₹120 per share. The initial share sale was exclusively a fresh issuance of 58.01 lakh shares.

2 min read

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Indogulf Cropsciences IPO: The ₹200 crore initial share sale is a mix of a fresh capital raise of ₹160 crore as well as an offer for sale (OFS) component of 3,603,603 shares.

2 min read

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Upcoming IPOs: The key initial share sales to open in the week starting June 23 include Globe Civil Projects, Ellenbarrie Industrial Gases, Kalpataru, Sambhv Steel Tubes, HDB Financial Services, and Indogulf Cropsciences.

4 min read

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NSE IPO: When asked about whether the issue will happen before Diwali 2025, the SEBI chief declined to share any timeline.

2 min read

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Kalpataru Limited IPO opens on June 24 to raise ₹1,590 crore. The real estate firm offers a fresh issue of 3.84 crore shares at ₹387–₹414 per share. The IPO proceeds will be used to repay debt and for general corporate needs. Kalpataru focuses on residential and commercial projects in MMR and other cities. The stock listing is expected on July 1.

5 min read

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Icon Facilitators intends to utilise ₹16 crore of the total IPO proceeds towards working capital requirements and the remaining for general corporate purposes, according to the red herring prospectus (RHP).

2 min read

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Arisinfra Solutions IPO: The ₹499.60 crore initial public offering, with a price band of ₹210 to ₹222 per share, is only a fresh issuance of shares aggregating to ₹499.6 crore. There is no offer for sale component.

2 min read

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HDB Financial Services, Kalpataru, and three others are the key upcoming IPOs raising nearly ₹15,601 crore in the next week. HDB Financial Services is the largest by size and most tracked IPO in the coming week, while the other four companies also hold potential for strong demand.

5 min read


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What are closed IPOs?

Closed IPOs refer to the initial public offerings that have closed for subscription and are not listed yet on the exchanges. This means investors can no longer bid for shares directly. After the closure of the IPO bidding process, the company assesses the demand based on subscription figures and finalises share allotments. Successful investors are allotted shares while refunds are initiated to unsuccessful bidders. The company then prepares for its debut on the stock exchanges like the NSE and BSE. After listing, the stock is openly traded on the exchanges. The investors can check key details about closed IPOs 2025 via online trading platforms like the Upstox app. Important details like IPO dates, subscription numbers, offer size and price band can be checked on the Upstox app.

What happens after an IPO closes?

Once an IPO closes, the company moves into the share allotment stage, where shares are distributed to applicants. After finalising the IPO allotment status, the company processes refunds for unsuccessful bidders. The shares are transferred to the Demat accounts of the allottees. Then the stock gets listed on the NSE and BSE as per the scheduled listing date. The SME IPOs get listed on the respective BSE SME or NSE Emerge platforms. Investors can begin trading the shares after they are listed on the exchanges. The IPO’s transition from subscription to trading marks its integration into the broader financial market, offering investors opportunities to track its stock performance and plan future investments.

Frequently asked questions

When can I check the allotment status of a closed IPO?

The allotment status of closed IPOs can be checked on Upstox’s IPO webpage. Once the IPO subscription period ends, investors can access IPO share allotment details via the issue registrar’s website, stock exchanges, or online trading platforms like Upstox. The allotment status can also be checked through the Upstox app. Usually, IPO allotment is done a day after the issue closes for bidding.

Can I still invest in a closed IPO?

No, you cannot invest in a closed IPO. Once the IPO’s subscription window closes, you must wait for the shares to be listed on the stock exchanges to buy directly at the prevailing market price. The listing price may vary from the initial offer price, influenced by market conditions and several other factors. By examining IPO subscription details and the performance of past IPOs, investors can gain insights into closed IPOs, helping them strategise for upcoming investments.

What happens after an IPO closes?

After an IPO closes, the allotment process begins, and shares are distributed based on the subscription. Refunds for unsuccessful applications are initiated, and the company prepares for listing on stock exchanges. Investors can track IPO history and the performance of closed IPOs to evaluate trends and plan future investments. The listing price of the IPO may differ from the offer price due to market trends.

Can I still buy shares of a closed IPO?

You cannot buy shares in a closed IPO directly. However, once the IPO is listed on the stock exchanges, the shares become available for trading. These shares may trade at a premium or discount compared to the IPO price. You can buy shares directly through trading on the stock exchanges at the current market price of the shares. Unlike the maximum bidding limit in the IPO, you can buy any quantity of equity stocks of the closed IPOs.
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