Upcoming IPOs in India 2025: Latest IPO Listings 2025

Upcoming IPOs in 2025

Check out the upcoming IPOs and plan your investments.

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All Open Upcoming Closed Listed

All IPOs

Date announced

ATC Energies System IPOBatteries, SME

25 Mar 2025 Opening

RHP

Shri Ahimsa Naturals IPOConsumer Food, SME

25 Mar 2025 Opening

RHP

Name	Status
ATC Energies System IPOSME, Batteries	25 Mar 2025 Opening	RHP
Shri Ahimsa Naturals IPOSME, Consumer Food	25 Mar 2025 Opening	RHP

Dates yet to be announced

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

Arisinfra Solutions LimitedCement & Construction Materials

DRHP Filed

Name	Status
Arisinfra Solutions LimitedMainboard, Cement & Construction Materials	DRHP Filed	DRHP
Ather Energy IPOMainboard, Automobile Two & Three Wheelers	DRHP Filed	DRHP
NSDLMainboard, Finance - Stock Broking	---	---
PhonePeMainboard, Finance - Others	---	---
ZeptoMainboard, e-Commerce	---	---

View all

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What our users have to say

IPO section is awesome now.

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I have been using Upstox for the past three years, and it is the best app for investing. I have secured around 10 to 15 IPOs since last year, starting from Tata Technologies to Vishal Mega Mart.

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What are upcoming IPOs?

Upcoming IPOs are the initial public offerings of the companies to be launched soon. The companies finalise the launch date and fix the price band and shares to be offered after getting approval to launch the IPOs from the market regulator the Securities and Exchange Board of India (SEBI). The public offers in the launch pipeline over a few weeks to a couple of months are known as upcoming IPOs.ATC Energies System IPO opening on 2025-03-25, Shri Ahimsa Naturals IPO opening on 2025-03-25, NSDL, PhonePe, Zepto

Who can invest in an IPO?

In India, anyone above the age of 18 years of age can invest in an IPO. However, the investors should have PAN, a Demat account and a bank account to apply for shares in an IPO subscription. The Securities and Exchange Board of India (SEBI) classifies four types of investors eligible to participate in an IPO:

Qualified Institutional Investors (QIIs), such as mutual funds and foreign portfolio investors;
Anchor Investors, who commit to buying a portion of the IPO before it opens;
Retail Investors, usually individual investors with smaller amounts;
High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), who invest larger sums.

What is the process of investing in an IPO online?

You can invest in the latest IPOs via your internet banking facility, or through a broker. Through internet banking, IPO investments can be done using the ‘Application Supported by Blocked Amount (ASBA)’ process. The amount will be blocked from your total balance in your savings account. You should apply before 2 pm for same-day processing. The IPO bids placed after 2 pm are processed the next day. You can also open a Demat account with any brokerage firm and apply for IPOs through their app or online trading platform.

Frequently asked questions

How many lots of an IPO can I buy?

The number of IPO lots you can buy depends on the specific IPO's lot size and the maximum bid amount allowed. Typically, IPOs allow investors to buy multiple lots, with each lot consisting of a fixed number of shares. Retail investors can bid for at least a single lot and in multiples thereof. The total number of lots you can buy also depends on the limit fixed by the company for each investor category.

What is the difference between DRHP and RHP?

The Draft Red Herring Prospectus (DRHP) is the initial document a company files with the Securities And Exchange Board Of India (SEBI) when planning an IPO. It provides an early overview, and SEBI grants in-principle approval based on the DRHP. The Red Herring Prospectus (RHP), on the other hand, is a more detailed and final version, filed after addressing SEBI’s observations and incorporating additional information, or financial as well as operational updates. The RHP is filed closer to the IPO, providing a detailed disclosure to investors.

How do I apply for an upcoming IPO on Upstox?

To apply for an IPO on Upstox, log in using your PIN or biometric authentication. Navigate to the More tab, select IPO and browse available offerings. Click Apply Now on your chosen IPO. Enter your details and UPI ID, then confirm by tapping Continue to Apply. Once submitted, approve the UPI mandate request in your UPI app. You can track your application status under the View Application tab, where updates on payment approval will be displayed.

When do upcoming IPOs typically open for subscription?

Upcoming IPOs do not have any fixed time for opening for subscription, as it depends on the company’s decision to launch the public issue. The dates are usually announced in the Red Herring Prospectus (RHP) by the company. Subscriptions begin on a weekday and last from 3 to 5 days. The application window is usually open from 10 am to 5 pm on all trading days.

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!