Closed Mainboard IPOs in 2025

Closed Mainboard IPOs in 2025
Get insights into Mainboard IPOs that recently closed for subscription.
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Arisinfra Solutions LimitedCement & Construction Materials

1.4x

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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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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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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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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Insights into Closed Mainboard IPO Performance

The performance of closed mainboard IPOs can be analysed based on several factors like subscription numbers and price movement after the listing of the stock, among others. The subscription rate implies the investors' interest in the issue and the demand for the company’s shares during the IPO bidding. Further, the offer price and the minimum subscription requirement also indicate how well the past mainboard IPOs will be received in the market. The real test for an IPO starts when the stocks get listed on the bourses. If you are unsure about the fundamentals of any company launching its IPO it could be prudent to wait till listing and analyse its stock price movement, before investing.

What to expect after a mainboard IPO closes

After a mainboard IPO closes for bidding, the share allotment is finalised by the company in the next stage. Following the share allocation and transfer of shares to the Demat accounts of the allottees, the stock gets listed on the BSE and NSE on the scheduled date of listing. Soon after the listing, many investors choose to book profit, in case of a premium listing, and exit the stock. A high selloff soon after listing can affect the share price negatively. Analysts and investors monitor key performance metrics to understand the potential price trend of the stocks.

Frequently asked questions

When can I check the allotment status for a closed Mainboard IPO?

The share allotment is typically updated on the next day of the closure of the subscription window. Following the share allocation, the investors can check the status online via my application section of Upstox web platform, Upstox web or the official websites of the NSE, BSE and the issue registrar.

What happens after a Mainboard IPO closes?

Once the mainboard IPO closes, the share allotment status is finalised. The company generally finalises the share allotment a day after the subscription. Following this, the stock gets listed on the BSE and NSE on the scheduled date.

Can I still buy shares of a Mainboard IPO after it closes?

Once the mainboard IPO closes for subscription, shares can only be bought through stock trading. You can buy and sell shares of the company during regular trading hours on the BSE and NSE.
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