Mainboard IPOs in 2025

Mainboard IPOs in 2025
Discover all Mainboard IPOs and their market potential.
sme
+91

Open IPOs

There are no open IPOs at the moment


Upcoming IPOs

Date announced

There are no upcoming IPOs at the moment

Dates yet to be announced
ipo logo
Ather Energy IPOAutomobile Two & Three Wheelers
DRHP Filed
ipo logo
Arisinfra Solutions LimitedCement & Construction Materials
DRHP Filed
ipo logo
BoAt IPO
DRHP Filed
ipo logo
Hero FinCorp IPOFinance - NBFC
---
ipo logo
Biba Fashions Limited
DRHP Filed

Closed IPOs

ipo logo
Quality Power Electrical Equipments IPOElectric Equipment

1.28x

subscribed

Allotment Date19 Feb 2025
Demat Transfer20 Feb 2025
Listing Date21 Feb 2025

Listed IPOs

ipo logo
Hexaware Technologies IPOIT - Software
Listing Date19 Feb 2025
Today's LTP₹798.10
Listing price₹745.50
Listing gains5.30%
ipo logo
Ajax Engineering IPOEngineering - Construction
Listing Date17 Feb 2025
Today's LTP₹600.50
Listing price₹576.00
Listing gains-8.43%
Dr. Agarwal's Health Care IPOHospital & Healthcare Services
Listing Date04 Feb 2025
Today's LTP₹416.35
Listing price₹396.90
Listing gains-1.27%
Denta Water and Infra Solutions IPOEngineering
Listing Date29 Jan 2025
Today's LTP₹355.50
Listing price₹325.00
Listing gains10.54%
ipo logo
Stallion India Fluorochemicals IPOGas Transmission/Marketing
Listing Date23 Jan 2025
Today's LTP₹76.00
Listing price₹120.00
Listing gains33.33%

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

news logo
PhonePe redomiciled from Singapore to India in December 2022 for which it had to pay around ₹8,000 crore in taxes to the government. The company in FY24 (2023-24) posted a 73% year-on-year (YoY) increase in its revenue to ₹5,064 crore.

2 min read

news logo
National Securities Depository Ltd (NSDL) is expediting its much-anticipated ₹3,000 crore IPO, aiming for a launch by next month before its regulatory approval expires. A senior official confirmed that the depository firm is racing against time to secure necessary clearances.

2 min read

news logo
HP Telecom India IPO consists exclusively of a fresh issue of 31.69 lakh equity shares. The company has fixed the IPO price at ₹108 per share for the IPO. The ₹34.23-crore NSE SME issue is available for subscription till February 24.

3 min read

news logo
The ₹14.92-crore IPO is open for subscription from February 20 to February 24. The company has fixed the issue price at ₹94 per share. Swasth Foodtech India IPO listing on the BSE SME platform has been scheduled for February 28.

3 min read

news logo
In a major disappointment for primary market investors, none of the four IPO listings on Wednesday managed to make an impactful debut. While Hexaware Technologies shares were listed at a 5% premium over the issue price, the three SME issues made a muted debut.

3 min read

news logo
Quality Power IPO allotment status will be finalised on Wednesday. Investors who applied for the public issue can check finalisation details on the websites of the NSE, the BSE, and MUFG Intime India Pvt Ltd (formerly Link Intime India).

3 min read

news logo
Upcoming IPOs: The allotment of HP Telecom India and Swasth Foodtech IPOs will take place on February 25, while the listing will occur on February 28.

2 min read

news logo
Royalarc Electrodes IPO comprised a fresh issue of 18 lakh shares, worth up to ₹21.6 crore, and an offer-for-sale (OFS) of 12 lakh shares, amounting to ₹14.4 crore. The proposed IPO listing date is February 21. Shares of Rolyalarc Electrodes Ltd will be listed on the NSE SME platform.

4 min read

news logo
Soon after listing, the stock marginally increased to hit an intraday high of ₹182.05 apiece on the NSE Emerge platform. As the stock debuted at the issue price of ₹180, IPO investors would not have made any gains. The minimum investment for the IPO investors was ₹1,36,800 for a single lot of 800 shares.

3 min read

news logo
Voler Car IPO listed flat on the NSE SME platform on February 19, with shares opening at ₹90. The stock hit a 5% lower circuit, marking a lacklustre debut. The company raised ₹27 crore from this public issue.

3 min read

news logo
As the minimum bid quantity to apply for the PS Raj Steels IPO was 1,000 shares, successful bidders who were allotted shares in the primary issue were sitting on nominal listing gains of ₹5,000 per lot (₹5 x 1,000) as soon as the stock started trading in the secondary market.

3 min read

news logo
The mainboard issue of Quality Power Electrical Equipments Ltd and NSE SME issues of Tejas Cargo India Ltd and Royalarc Electrodes Ltd were fully subscribed on the last day of bidding, after witnessing a muted demand in the first two days.

4 min read

news logo
Tejas Cargo India’s ₹105.84 crore IPO was fully subscribed by the final day, with strong demand from Non-Institutional Investors (NIIs). The total subscription reached 1.22 times. The allotment status for the IPO will be finalised on February 18. Investors can check the allotment status on the NSE and Bigshare Services portal.

4 min read

news logo
Quality Power IPO fully subscribed on the final day, with 1.29 times oversubscription. Despite a slow start, retail investors drove the demand. The power equipment supplier raised ₹858.7 crore from this IPO. Allotment status will be finalised on February 19. Investors can check the status on the NSE, BSE, or MUFG Intime India portal.

4 min read

news logo
Hexaware Tech IPO Listing Date: The issue is exclusively an offer-for-sale (OFS) of shares worth ₹8,750 crore by Carlyle Group's CA Magnum Holdings. Since it is solely an OFS, the entire IPO proceeds will go to the selling shareholder. The company will not get any funds.

2 min read

news logo
Bansal did not rule out an IPO in the upcoming fiscal year, suggesting that further clarity on key milestones will emerge following consultations with the company’s board.

3 min read

news logo
Quality Power IPO: The initial public offering of Quality Power Electrical Equipments has been fully subscribed on Tuesday, February 18, the third day of bidding.

2 min read

news logo
LG Electronics India filed the draft red herring prospectus (DRHP) for the public issue of its India unit with the capital market regulator Securities and Exchange Board of India (Sebi) on December 6, 2024. The IPO could be a complete offer-for-sale of up to 10.18 crore equity shares.

2 min read

news logo
Hexaware Technologies IPO allotment has been finalised. Those who have applied for the public issue can check bid finalisation details on the websites of the BSE, the NSE, and KFin Technologies.

3 min read

news logo
Shanmuga Hospital IPO allotment: The company launched its IPO on the BSE SME platform on February 13 to raise ₹20.62 crore from the primary market. The company has proposed to list its shares on the BSE SME platform on Thursday, February 20.

4 min read

news logo
LK Mehta Polymers IPO allotment: The ₹7.38-crore issue was open for subscription from February 13 to February 17. The IPO price was fixed at ₹71 per share. The listing date has been fixed as February 21.

4 min read

news logo
NSDL is a SEBI-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India.

2 min read

news logo
Upcoming IPOs: Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech will commence their initial share sales on February 19, 20, and 21, respectively.

3 min read

news logo
The lithium-ion batteries manufacturing company launched its initial public offering on February 12 to raise ₹54 crore from the primary market. The company has proposed to list its shares on the NSE SME platform on Wednesday, February 19.

4 min read

news logo
Quality Power IPO is a 100% book-built issue aimed at raising a total of ₹858.7 crore. It is a combination of a fresh issuance of 53 lakh shares, aggregating to ₹225 crore, and an offer-for-sale (OFS) of 1.49 crore shares, aggregating to ₹633.7 crore.

2 min read


Review by experts

About Mainboard IPO

A mainboard IPO refers to the process where a large privately held company offers its shares to the public for the first time to raise capital from the primary market. Mainboard IPOs are generally launched on both the leading stock exchanges, the NSE and BSE.To qualify for a mainboard IPO, companies must meet stringent eligibility criteria, including a minimum post-issue paid-up capital of ₹10 crore. Mainboard IPOs in India are regulated by the Securities and Exchange Board of India (SEBI) for transparency and investor protection. For information on current IPOs, you can check the IPO section on the Upstox app and the website.

How to apply for a mainboard IPO on Upstox?

Web: You can apply for an IPO through the Upstox website. Go to https://upstox.com/ipo/mainboard/ and log in. From the Open Mainboard IPOs list, choose your IPO and click apply. Enter cutoff price, lot size, and your UPI ID for the mandate. Approve the UPI mandate in your UPI app. Check your application status under the My Application tab.

App: Applying for a mainboard IPO on Upstox is simple and user-friendly.

  • Start by logging into the app using your 6-digit PIN or biometrics.
  • Navigate to the More tab, select IPO, and explore the current IPOs list.
  • Choose your desired IPO from the available options, including mainboard IPOs, and click Apply Now.
  • Fill in the required details, enter your UPI ID and proceed to approve the UPI mandate request in your UPI app.
  • Once approved, track your application under the My Application tab. Upstox also provides key details about upcoming mainboard IPOs, allowing investors to keep track of the public offers of big companies.

Frequently asked questions

How does a mainboard IPO differ from an SME IPO?

A mainboard IPO differs from an SME IPO in scale, regulatory requirements and market focus. Here are some major differences:

  • The Draft Red Herring Prospectus (DRHP) for a mainboard IPO is filed with SEBI, while the stock exchanges review the draft papers for an SME IPO.
  • The minimum investment amount in a mainboard IPO ranges from ₹10,000 to ₹15,000. For SME IPs, the minimum investment generally starts at ₹1,00,000.
  • For a mainboard IPO, the company must have at least a post-issue capital of ₹10 crore. The post-issue capital for an SME IPO is capped at ₹25 crore.
  • Mainboard IPOs are listed on both the NSE and BME. On the other hand, SME IPOs are listed on the respective SME platforms of stock exchanges, like the BSE SME and NSE Emerge.
  • There is no market maker’s portion in a mainboard IPO, while for SME IPOs market making is required.
  • The companies launching mainboard IPOs must file financial reports every 3 months. For SMEs, financial reports should be filed every six months.

When does a mainboard IPO start trading on the exchange?

The mainboard IPO listing takes place as per the scheduled date. The IPO listing is done following the finalisation of share allotment and transfer of the shares to the Demat accounts of the allottees. The stock of the company starts trading at 10 am on the BSE and NSE on the date of listing. The trading starts following a pre-open session between 9 am and 10 am. Investors can keep track of current IPOs through the Upstox app.

Which mainboard IPO is expected to open next?

Mainboard IPOs expected to open next are: Ather Energy IPO, Arisinfra Solutions Limited, BoAt IPO , Hero FinCorp IPO, Biba Fashions Limited
  1. mainboard ipos