Mainboard IPOs in 2025

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

There are no open mainboard IPOs at the moment


Upcoming IPOs

Date announced

There are no upcoming mainboard IPOs at the moment

Dates yet to be announced
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NSDLFinance - Stock Broking
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PhonePeFinance - Others
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Zeptoe-Commerce
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Ather Energy IPOAutomobile Two & Three Wheelers
DRHP Filed
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Arisinfra Solutions LimitedCement & Construction Materials
DRHP Filed

Closed IPOs

There are no closed mainboard IPOs at the moment


Listed IPOs

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Quality Power Electrical Equipments IPOElectric Equipment
Listing Date24 Feb 2025
Today's LTP---
Listing price₹430.00
Listing gains1.18%
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Hexaware Technologies IPOIT - Software
Listing Date19 Feb 2025
Today's LTP---
Listing price₹745.50
Listing gains5.30%
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Ajax Engineering IPOEngineering - Construction
Listing Date17 Feb 2025
Today's LTP---
Listing price₹576.00
Listing gains-8.43%
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Dr. Agarwal's Health Care IPOHospital & Healthcare Services
Listing Date04 Feb 2025
Today's LTP---
Listing price₹396.90
Listing gains-1.27%
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Denta Water and Infra Solutions IPOEngineering
Listing Date29 Jan 2025
Today's LTP---
Listing price₹325.00
Listing gains10.54%

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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Active Infrastructures IPO comprises entirely a fresh issue of over 43 lakh shares, aggregating to ₹77.83 crore. The issue will close for bidding on Tuesday, March 25. The company has fixed the price band at ₹178 to ₹181 per share for the IPO.

4 min read

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Some companies prefer confidential IPO filings to protect their sensitive data, such as financials and market strategies, safeguard their interests, and enhance due diligence.

3 min read

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Tata Capital, the financial services arm of Tata Group has expedited its IPO process. The company has hired a syndicate of 10 investment banks, including Citibank, Kotak Mahindra, and JP Morgan, will oversee its public offering. Tata Capital is expected to file draft papers by March or April 2025.

2 min read

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Rapid Fleet Management Services aims to raise ₹43.87 crore through its SME IPO. The company has fixed the price band of the issue at ₹183 to ₹192 per share. The issue will close for bidding on March 25.

4 min read

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Active Infrastructures IPO: The ₹77.83 crore initial public offer is a fresh issuance of 43,00,200 shares. There is no offer for sale (OFS) component. Retail investors can apply for a minimum of 600 shares, needing an investment of ₹1,06,800.

2 min read

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Rapid Fleet IPO: The ₹43.87 crore initial public offer is solely a fresh issuance of 22.85 lakh shares. The net issue proceeds will be utilised for the purchase of vehicles, working capital needs, and corporate general purposes.

2 min read

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Five new SME IPOs are set to launch between March 21 and March 25, 2025, including Rapid Fleet Management, Active Infrastructures, Desco Infratech, Shri Ahimsa Naturals, and ATC Energies.

4 min read

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Shri Ahimsa Naturals IPO: Retail investors can bid for at least one lot, consisting of 1,200 shares. The minimum investment amount is ₹1,35,600. High net-worth investors can bid for two lots aggregating to ₹2,85,600.

2 min read

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Grand Continent Hotels IPO: The ₹74.46 crore initial share sale is a mix of a fresh issuance of 62.60 lakh shares amounting to ₹70.74 crore and an offer for sale (OFS) component of 3.29 lakh shares valued at ₹3.72 crore.

2 min read

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Divine Hira Jewellers IPO allotment is expected on Thursday, March 20. The SME IPO closed with strong demand, oversubscribing 4 times, with retail investors’ portion booked 6.62 times as of 5 pm on Day 3.

4 min read

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Divine Hira Jewellers IPO was overall booked 3.93 times on the last day. On the other hand, Paradeep Parivahan's IPO closed with a subscription of 2 times. Super Iron Foundry shares were listed on the BSE SME platform flat at ₹107.95 apiece.

3 min read

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Paradeep Parivahan IPO: The initial share sale is completely a fresh issue worth ₹44.86 crore. The funds generated will be used to meet working capital requirements as well as general corporate purposes.

2 min read

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Desco Infratech IPO: Retail investors can bid for at least 1,000 shares for a minimum investment of ₹1,47,000. High-net-worth individuals can apply for 2,000 shares worth ₹3,00,000.

2 min read

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PhysicsWallah IPO, which could be around $500 million (about ₹4,600 crore) will consist of issuing new equity shares as well as an offer for sale (OFS) component

2 min read

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Super Iron Foundry IPO debuted flat on March 19, listing at ₹107.95. The stock hit a 5% lower circuit after listing. The company’s market capitalization stands at ₹240.02 crore.

3 min read

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PDP Shipping and Projects shares listed on the BSE SME platform at a nearly 20% discount. Meanwhile, the SME IPO of Divine Hira Jewellers Ltd was fully subscribed on the second day of bidding on the back of strong retail demand.

4 min read

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Divine Hira Jewellers IPO: The initial share is a fresh issue of 35.38 lakh shares aggregating to ₹31.84 crore. There is no offer for sale component.

2 min read

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PDP Shipping and Projects made a weak stock debut on March 18, opening at ₹108.25, a 20% discount to its IPO price of ₹135. The logistics provider’s shares dropped 5%, hitting the lower circuit limit. The company raised ₹12.65 crore from this IPO.

3 min read

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Paradeep Parivahan IPO is a fresh issue of 45.78 lakh shares aimed at raising a total of ₹44.86 crore. The company has fixed the price band at ₹93 to ₹98 per share for the IPO. The BSE SME issue will close on Wednesday, March 19.

3 min read

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The NSE SME issue of Divine Hira Jewellers Ltd was booked only 69% on the first day of bidding, while the Paradeep Parivahan IPO was booked only 10%. Here’s a look at all the major developments in the IPO market on Monday, March 17.

3 min read

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Divine Hira Jewellers IPO was subscribed 69% at the end of Day 1. The issue aims to raise ₹31.84 crore. Retail portion subscribed fully. Listing expected on March 24.

3 min read

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LG Electronics IPO is completely an offer for sale (OFS) without any fresh issuance of equity shares. The money raised will go to the South Korean parent, which will sell over 10.18 crore shares or a 15% stake.

3 min read

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Divine Hira Jewellers IPO is a fixed price issue at ₹90 per share. It is solely a fresh issue of 35.38 lakh shares worth ₹31.84 crore. The money raised will be used for debt repayment, working capital needs and general corporate purposes.

2 min read

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Super Iron Foundry IPO investors can check the share allotment status on the websites of BSE and IPO registrar MUFG Intime India Pvt Ltd (earlier Link Intime India Pvt Ltd). The tentative date for the listing of Super Iron Foundry shares on the BSE SME platform is Wednesday, March 19.

4 min read

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INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an Independent Power Producer (IPP) platform.

3 min read


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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: NSDL, PhonePe, Zepto, Ather Energy IPO, Arisinfra Solutions Limited
Other IPO Links
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