Mainboard IPOs in India 2025: Upcoming, Current & Past Listings 2025

Mainboard IPOs in 2025

Discover all Mainboard IPOs and their market potential.

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All Open Upcoming Closed Listed

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

HDB Financial Services IPOFinance - NBFC

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Studds Accessories IPOAuto Ancillary

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LG Electronics India IPOConsumer Durables - Electronics

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NSDLFinance - Stock Broking

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PhonePeFinance - Others

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Name	Status
HDB Financial Services IPOMainboard, Finance - NBFC	---	---
LG Electronics India IPOMainboard, Consumer Durables - Electronics	---	---
NSDLMainboard, Finance - Stock Broking	---	---
PhonePeMainboard, Finance - Others	---	---
Studds Accessories IPOMainboard, Auto Ancillary	---	---

View more upcoming IPOs

Closed IPOs

There are no closed mainboard IPOs at the moment

Listed IPOs

Quality Power Electrical Equipments IPOElectric Equipment

Listing Date24 Feb 2025

Today's LTP---

Listing price₹430.00

Listing gains1.18%

Hexaware Technologies IPOIT - Software

Listing Date19 Feb 2025

Today's LTP---

Listing price₹745.50

Listing gains5.30%

Ajax Engineering IPOEngineering - Construction

Listing Date17 Feb 2025

Today's LTP---

Listing price₹576.00

Listing gains-8.43%

Dr. Agarwal's Health Care IPOHospital & Healthcare Services

Listing Date04 Feb 2025

Today's LTP---

Listing price₹396.90

Listing gains-1.27%

Denta Water and Infra Solutions IPOEngineering

Listing Date29 Jan 2025

Today's LTP---

Listing price₹325.00

Listing gains10.54%

Name	Listing Date	Today's LTP	Listing Price	Listing gains/loss
Quality Power Electrical Equipments IPOMainboard, Electric Equipment	24 Feb 2025	---	₹430.00	1.18%
Hexaware Technologies IPOMainboard, IT - Software	19 Feb 2025	---	₹745.50	5.30%
Ajax Engineering IPOMainboard, Engineering - Construction	17 Feb 2025	---	₹576.00	-8.43%
Dr. Agarwal's Health Care IPOMainboard, Hospital & Healthcare Services	04 Feb 2025	---	₹396.90	-1.27%
Denta Water and Infra Solutions IPOMainboard, Engineering	29 Jan 2025	---	₹325.00	10.54%

View more listed IPOs

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

Tata Capital, the financial services arm of Tata Group, has filed DRHP with SEBI for a $2 billion IPO via a confidential route. The valuation is expected to be around $11 billion.

3 min read

Hexaware Technologies shares on Tuesday climbed 2.23% to ₹640 per unit on the NSE. It is down 9.6% from the issue price of ₹708.

2 min read

Urban Company is expected to file a draft red herring prospectus (DRHP) or initial IPO papers with the market regulator, the Securities and Exchange Board of India, by next month

2 min read

Upcoming IPOs: The four companies are collectively looking to raise ₹6,345 crore through public issues. These firms received SEBI's observations between April 1 and 3.

2 min read

Spinaroo Commercial IPO was subscribed 1.52 times, with non-institutional investors (NIIs) being at the top with 1.84 times subscription. The portion set aside for retail investors was subscribed 1.2 times.

2 min read

Infonative Solutions share price: As the minimum bid size for retail individual investors was 1,600 shares, allottees were sitting at a loss of ₹25,280 per lot.

2 min read

Imagine Marketing's decision to opt for the confidential pre-filing route is part of a growing trend among Indian companies. Recently, Tata Group financial services arm Tata Capital and edtech unicorn PhysicsWallah also opted for the confidential filing route.

2 min read

Retaggio Industries share price: As the minimum bid size for retail individual investors was 6,000 shares, successful bidders managed listing gains of a mere ₹600 per lot.

2 min read

Tata Capital IPO will be a fresh issuance of equity shares, as well as an offer for sale (OFS) by a few shareholders. As of March 31, 2024, Tata Capital's holding company, Tata Sons, owned a 92.83% stake in the firm.

2 min read

Infonative Solutions IPO will be finalised on Friday, April 4, and the finalisation details will be available on the websites of the BSE and KFin Technologies.

3 min read

Spinaroo Commercial IPO was fully subscribed by April 3, with a 1.46 times overall subscription till 3:30 pm on the final day. IPO allotment status is expected to be finalised on April 4.

3 min read

Identixweb share price: As the minimum bid size for retail investors was 2,000 shares, successful bidders managed listing gains of ₹2,000 per lot.

2 min read

Retaggio Industries IPO allotment status: Refunds for non-allottees will be processed on April 4, while shares will be credited to the Demat account of successful investors on the same day.

2 min read

IPOs of Bedi Steel and Modern Diagnostic are fresh issues of up to 18.24 lakh equity shares and 41 lakh equity shares, respectively, with a face value of ₹10 each.

1 min read

This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017.

3 min read

ATC Energies System IPO made a lackluster debut on April 2, listing lower than its issue price of ₹118. The stock opened at ₹107 and hit 5% lower circuit to ₹101.6. The market cap stood at ₹207.25 crore.

3 min read

Shri Ahimsa Naturals share price: As the minimum bid size for retail investors was 1200 shares, successful bidders managed listing gains of ₹25,200 per lot. The NSE SME issue was subscribed 62.71 times.

2 min read

Runwal Enterprises is a real estate company based in Mumbai which specialises in residential projects catering to affordable, mid-income, and luxury segments, as well as commercial spaces, retail malls, and educational buildings.

2 min read

Spinaroo Commercial IPO is a fixed-price issue of ₹10.17 crore. It is entirely a fresh issuance of 19.94 lakh shares. Shares in the IPO are being offered at ₹51 apiece in a lot size of 2,000 units.

2 min read

Infonative Solutions IPO is a book-built issue that aims to raise ₹24.71 crore. It is entirely a fresh issuance of 31.28 lakh shares with no offer-for-sale component. The price band has been set at ₹75 to ₹79 per share.

2 min read

Retaggio Industries IPO is a fresh issue of 61.98 lakh shares with no offer-for-sale component. The net proceeds to the tune of ₹1.9 crore will be used for repayment of debt facilities and ₹11.5 crore for working capital needs.

2 min read

Desco Infratech shares opened at ₹160 apiece, reflecting an increase of 6.67% compared to its issue price of ₹150 per share.

2 min read

Identixweb IPO saw strong demand on the last day, closing with 26.22x subscription. Retail, NII, and QIB segments were oversubscribed. Allotment details will be available on BSE or the registrar Skyline Financial Services website on April 1.

4 min read

Park Medi World is the second largest private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of September 30, 2024, according to a Crisil report.

2 min read

SIS Cash Service provides cash-in-transit services, retail cash management (doorstep banking) services, ATM cash replenishment and first-level maintenance services, and cash assistant-cash peon services.

2 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: HDB Financial Services IPO, Studds Accessories IPO, LG Electronics India IPO, NSDL, PhonePe

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!