Mainboard IPOs in 2025

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

Open - Close22 Dec - 24 Dec
Issue size₹251
Price range₹108 – ₹114
Closes on 24 Dec


Closed IPOs

Allotment Date19 Dec 2025
Demat Transfer22 Dec 2025
Listing Date23 Dec 2025

Listed IPOs

Listing Date19 Dec 2025
Today's LTP---
Listing price₹2,600.00
Listing gains20.09%
Listing Date17 Dec 2025
Today's LTP---
Listing price₹158.80
Listing gains-1.98%
Listing Date17 Dec 2025
Today's LTP---
Listing price₹490.00
Listing gains6.52%
Listing Date15 Dec 2025
Today's LTP---
Listing price₹195.00
Listing gains0.00%
Listing Date15 Dec 2025
Today's LTP---
Listing price₹1,470.00
Listing gains38.42%

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

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Gujarat Kidney and Super Speciality IPO: The ₹250.80 crore IPO consists solely of a fresh issuance of 2.20 crore shares. There is no offer for sale (OFS) component.

3 min read

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Shyam Dhani Industries IPO: The ₹38.49 crore NSE SME initial share sale is a fresh issuance of 54,98,000 shares without an offer for sale (OFS) component. It has set a price band at ₹65 to ₹70 per share.

3 min read

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Gujarat Kidney and Super Speciality IPO: The ₹250.80 crore initial share sale is a fresh issuance of 2,20,00,000 shares without an offer for sale (OFS) component.

3 min read

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Symbiotec Pharmalab IPO will be a mix of a fresh issue of equity shares worth ₹150 crore and an offer for sale (OFS) of ₹2,030 crore by a promoter and existing investors, according to the preliminary papers.

2 min read

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Upcoming IPOs: Listings scheduled for this week include KSH International, Neptune Logitek, MARC Technocrats, Global Ocean Logistics and Phytochem Remedies.

4 min read

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KSH International IPO allotment finalised: The ₹710 crore initial public offering, with a price band of ₹365 to ₹384 per equity share, was a combination of fresh issuance of shares valued at ₹420 crore and an offer-for-sale of stocks totalling ₹290 crore by promoters.

3 min read

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Global Ocean Logistics IPO: The ₹30.41 crore initial share sale, with a price band of ₹74 to ₹78 per share, is exclusively a fresh issuance of 38,99,200 shares.

3 min read

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ICICI Prudential AMC share price: The book-build issue sought to raise ₹10,602.65 crore by an offer for sale (OFS) of 4.90 crore shares by promoter Prudential Corporation Holdings.

3 min read

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Sonaselection India IPO: The Bhilwara-headquartered company's initial share sale will comprise a fresh issuance of 1.43 crore shares with no offer for sale (OFS) component, according to the preliminary papers.

2 min read

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ICICI Prudential AMC IPO Listing Date: The ₹10,602.65 crore book-build issue was exclusively an offer for sale (OFS) of 4.90 crore equity shares without a fresh issue component.

3 min read

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Travelstack Tech IPO: The initial share sale consists of new equity shares valued at ₹250 crore and an offer for sale (OFS) of 26,852,969 equity shares.

2 min read

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Crystal Crop Protection IPO: The proposed initial share sale is a combination of fresh issuance of shares worth ₹600 crore and an offer for sale (OFS) of 7,405,387 shares, according to the draft red herring prospectus (DRHP).

2 min read

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The IPO with the highest return in the year 2025 came from the SME segment. In this article, we take a look at the top-performing initial public offerings from the SME and mainboard segments.

3 min read

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KSH International IPO, with a price band of ₹365 to ₹384 per share, is a fresh issuance of equity shares totalling ₹420 crore and an offer for sale (OFS) of shares worth ₹290 crore, taking the total issue size to ₹710 crore.

3 min read

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Flipkart IPO: NCLT has sanctioned the Scheme of Amalgamation involving eight Singapore-incorporated transferor companies merging into Flipkart Internet Private Limited, the Bengaluru-based operational arm.

3 min read

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The Securities and Exchange Board of India (SEBI) approved an early-stage abridged prospectus at the draft red herring prospectus (DRHP) stage to encourage participation by retail investors.

3 min read

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IPOs in India: Pandey told reporters that the offer-for-sale (OFS) component accounted for 51% of the money raised in initial public offerings (IPOs) in April–October 2024, which has gone up to 57% this year.

2 min read

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ICICI Prudential AMC IPO allotment: The ₹10,602.65 crore initial public offering, with a price range of ₹2,061 to ₹2,165 per share, was only an offer for sale (OFS) of 4.90 crore shares by promoter Prudential Corporation Holdings.

3 min read

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The standout offerings in 2025 include Tata Capital's mega ₹15,511.87 crore IPO and HDB Financial Services' ₹12,500 crore share sale. LG Electronics India also raised ₹11,607.01 crore from the primary market.

3 min read

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The ₹130 crore initial share sale of Highway Infrastructure, an infrastructure development and management company, was the most subscribed IPO of 2025, with a 300.61 times subscription.

3 min read

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KSH International IPO is a mix of a fresh issue of shares aggregating to ₹420 crore and an offer-for-sale (OFS) of ₹290 crore by promoters Kushal Subbayya Hegde, Rajesh Kushal Hegde, Pushpa Kushal Hegde and Rohit Kushal Hegde.

3 min read

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Park Medi World share price: The ₹920 crore initial share sale was a mix of new equity shares worth ₹770 crore and an offer for sale (OFS) component of ₹150 crore by promoter Ajit Gupta.

2 min read

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Nephrocare Health share price: The IPO sought to raise ₹871.05 crore by offering new equity shares aggregating to ₹353.40 crore and an offer for sale (OFS) component of ₹517.64 crore.

2 min read

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HRS Aluglaze IPO allotment finalised: The ₹50.92 crore initial share sale was a fresh issuance of 53,04,000 shares without an offer for sale (OFS) component.

3 min read

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Upcoming IPOs: These seven companies approached SEBI between May and September and obtained its observations during December 8-12, the update showed.

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: Fractal Analytics IPO, Clean Max Enviro Energy Solutions IPO, Prestige Hospitality Ventures IPO, Credila Financial Services IPO, PhonePe
Other IPO Links
  1. Mainboard IPOs