Upcoming IPOs in 2025

Upcoming IPOs in 2025
Check out the upcoming IPOs and plan your investments.
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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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Several recently listed IPOs, including NSDL, Orkla India and Tata Capital, showed that high grey market premium (GMP) doesn’t always guarantee strong listing day gains. This article highlights different scenarios in which GMP may not be a reliable indicator of the IPO listing price.

6 min read

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PhysicsWallah IPO allotment status: The ₹3,480 crore issue comprised a fresh issue of equity shares totalling ₹3,100 crore and an offer for sale (OFS) of up to ₹380 crore by promoters Alakh Pandey and Prateek Boob.

3 min read

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Upcoming IPOs: Global vertical SaaS company Excelsoft Technologies will launch its ₹500 crore initial share sale on November 19 and conclude on November 21. It has set a price band of ₹114 to ₹120 per share.

2 min read

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Tenneco Clean Air IPO: The ₹3,600 crore initial share sale is an offer-for-sale by promoter Tenneco Mauritius Holdings Limited. There is no fresh issue component.

3 min read

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Emmvee Photovoltaic IPO allotment status: The initial share sale, with a price band of ₹206 to ₹217 per equity share, comprises a fresh issue of shares aggregating to ₹2,143.86 crore and an offer for sale (OFS) of ₹756.14 crore by promoters, taking the issue size to ₹2,900 crore.

3 min read

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Capillary Technologies IPO aims to raise ₹877.50 crore through its public issue. The company offers AI-based Software-as-a-Service (“SaaS”) products and solutions primarily to enterprise customers. The company will use net IPO proceeds for cloud infrastructure setup, investment in development of new products, purchase of computer systems and for general corporate purposes.

6 min read

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Pine Labs share price: The ₹3,900.17 crore IPO was a fresh issue of shares worth ₹2,080.26 crore and an offer for sale (OFS) of more than 8.23 crore equity shares, valuing ₹1,819.91 crore by existing shareholders.

2 min read

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Emmvee Photovoltaic Power IPO: The ₹2,900 crore issue, which has fixed price band at ₹206 to ₹217 per share, consists of a fresh issue of shares valued at ₹2,143.86 crore and an offer for sale of ₹756.14 crore. The fresh issue proceeds will be used for loan repayment and general corporate purposes.

3 min read

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PhysicsWallah IPO Day 3: The ₹3,480 crore book-build issue is a mix of a fresh issuance of ₹3,100 crore and an offer for sale of ₹380 crore by promoters Alakh Pandey and Prateek Boob. The fresh issue proceeds will be used for the company's expansion and growth initiatives.

3 min read

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Fujiyama Power Systems IPO: The initial share sale aims to raise ₹828 crore by fresh issuance of ₹600 crore and an offer for sale of ₹228 crore by promoters Pawan Kumar Garg and Yogesh Dua.

3 min read

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Tenneco Clean Air India IPO, with a price band of ₹378 to ₹397 per share, is only an offer-for-sale of ₹3,600 crore by promoter Tenneco Mauritius Holdings Ltd, with no fresh equity issuance.

3 min read

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Pine Labs IPO allotment status: The company aimed to raise ₹3,899.91 crore via a fresh issue of ₹2,080 crore and an offer for sale of ₹1,819.91 crore. With a price band of ₹210 to ₹221 per equity share, a lot consisted of 67 shares.

4 min read

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Excelsoft Technologies IPO: The ₹500 crore initial share sale is a fresh issue of ₹180 crore and an offer for sale (OFS) of ₹320 crore by promoter Pedanta Technologies Pvt Ltd.

2 min read

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Groww share price: The initial public offering was a fresh issue of equity shares totalling ₹1,060 crore, along with an offer-for-sale (OFS) component of 55.72 crore shares aggregating to ₹5,572.30 crore.

3 min read

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PhysicsWallah IPO, which has an application size of 137 shares, comprises a fresh issuance of shares worth ₹3,100 crore and an Offer for Sale (OFS) of up to ₹380 crore by the promoters.

3 min read

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Tenneco Clean Air IPO Day 1: The ₹3,600 crore initial share sale, with a price band of ₹378 to ₹397 per share, is exclusively an offer for sale (OFS) of 9.07 crore shares by promoter Tenneco Mauritius Holdings Limited. There is no fresh issue component.

3 min read

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Fujiyama Power IPO aims to raise ₹828 crore through its public issue. The company offers end-to-end rooftop solar systems and power backup products under its flagship brands “UTL Solar” and “Fujiyama Solar. Know about the company’s financials, risks and threats ahead of issue opening.

6 min read

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Pine Labs IPO is looking to raise ₹3,899.91 crore by offering new equity shares valued at ₹2,080 crore and an offer for sale (OFS) of ₹1,819.91 crore by existing investors.

3 min read

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Emmvee Photovoltaic IPO: The ₹2,900 crore book-building issue is a mix of fresh issuance of ₹2,143.86 crore and an offer for sale of ₹756.14 crore.

3 min read

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PhysicsWallah IPO: The ₹3,480 crore book-build issue consists of new equity shares valued at ₹3,100 crore and an offer for sale of shares totalling ₹380 crore by promoters Prateek Boob and Alakh Pandey.

3 min read

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Groww IPO Listing Date: The initial share sale sought ₹6,632.30 crore by a combination of new equity shares valued at ₹1,060 crore and an offer for sale of ₹5,572.30 crore.

3 min read

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Capillary Technologies IPO: The initial share sale is a fresh issuance of ₹345 crore as well as an offer for sale of ₹532.50 crore by Capillary Technologies International Pte Ltd and Trudy Holdings.

2 min read

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Groww IPO allotment status finalised: The ₹6,632.30 crore initial share sale consisted of new equity shares worth ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore by existing investors.

4 min read

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Both companies, which filed their preliminary IPO papers with SEBI in August, obtained their observations between October 30 and November 4, according to the update.

2 min read

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Pine Labs IPO: The ₹3,899.91 crore initial share sale, which will end on November 11, has set a price band of ₹210 to ₹221 per share. The lot size for an application is 67 shares.

3 min read


What our users have to say
IPO section is awesome now.
⁠Kazi Bakibillah Twasin
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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Excellent experience in trading with good chart and a good access to ipo and its status.
Ulhas S

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.Park Medi World Limited, Wakefit Innovations IPO, Prestige Hospitality Ventures IPO, Credila Financial Services IPO, ICICI Prudential AMC IPO

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:

  1. Qualified Institutional Investors (QIIs), such as mutual funds and foreign portfolio investors;
  2. Anchor Investors, who commit to buying a portion of the IPO before it opens;
  3. Retail Investors, usually individual investors with smaller amounts;
  4. 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.
Other IPO Links
  1. Upcoming IPOs