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  1. Tata Capital, HDB Financial, LG Electronics among top 10 biggest IPOs of 2025: Here's how they are performing

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Tata Capital, HDB Financial, LG Electronics among top 10 biggest IPOs of 2025: Here's how they are performing

Kamal Joshi

4 min read | Updated on December 15, 2025, 12:55 IST

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SUMMARY

The ICICI Prudential AMC IPO, which is currently open for subscription, ranks fourth in the list of biggest IPOs by issue price. It was fully subscribed on the second day of bidding on Monday, December 15. The equity shares will get listed on December 19.

Of the top 10 IPOs by issue size, eight are trading in the green relative to their issue price, one is down, and one remains unlisted. | Image: Shutterstock

Of the top 10 IPOs by issue size, eight are trading in the green relative to their issue price, one is down, and one remains unlisted. | Image: Shutterstock

The year, 2025, saw several major initial public offerings, with one raising over ₹15,000 crore and three others exceeding the ₹10,000 crore mark. Notably, more than 100 mainboard IPOs launched this year.

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Tata Capital's ₹15,511.87 crore IPO was the biggest public issue to launch in 2025, followed by HDB Financial Services, LG Electronics India, ICICI Prudential Asset Management Company, Hexaware Technologies, Lenskart Solutions and Billionbrains Garage Ventures, among others.

The ICICI Prudential AMC IPO is currently open for subscription. It was fully subscribed on the second day of bidding on Monday. The initial share sale is seeking to raise ₹10,602.65 crore via an offer-for-sale (OFS) of more than 4.89 crore shares by its promoter, UK-based Prudential Corporation Holdings. As there is no fresh issue component, the company will not get any proceeds from the public offer. The equity shares will get listed on December 19.

Biggest IPOs of 2025 and how they are performing

CompanyIssue Size (₹ crore)Issue Price (₹)*Change w.e.t Issue Price (₹)
Tata Capital15,511.87326322.55, -1%
HDB Financial Services12,500.00740753.75, +1.85%
LG Electronics India11,607.011,1401572.8, +37.96%
ICICI Prudential AMC10,602.652,061 – 2,165Not yet listed
Hexaware Technologies8,750.00708774.5, +9.39%
Lenskart Solutions7,278.02402407, +1.24%
Billionbrains Garage (Groww)6,632.30100145.15. +45.15%
Meesho5,421.20111162.99, +46.83%
NSDL4,010.958001071.85, +33.98%
Pine Labs3,900.17221231.5, +4.75%
*As of 12:50 pm, December 15

Tata Capital IPO

The mega ₹15,511.87 crore IPO of Tata Group's Tata Capital consisted of a fresh issuance of 21 crore shares aggregating to ₹6,846 crore and an offer for sale (OFS) valued at ₹8,665.87 crore. The stock is trading 1% lower against the issue price of ₹326. It had posted a 2% increase in its consolidated net profit to ₹1,097.32 crore in the September of FY26, compared to ₹1,075.72 crore a year back.

The company offers over 25 lending products, serving a diverse customer base, including small businesses, SMEs, entrepreneurs, corporates, self-employed individuals and salaried workers. Its key offerings include commercial finance, consumer loans, wealth management, private equity, investment banking and cleantech finance.

HDB Financial IPO

The stock of non-banking financial company (NBFC) HDB Financial Services is up 1.85% from the issue price. The ₹12,500 crore IPO was a mix of new shares aggregating to ₹2,500 crore and an OFS of ₹10,000 crore by promoter HDFC Bank. HDB Financial Services Ltd is a leading, diversified, retail-focused NBFC. It focuses on three business verticals: enterprise lending, consumer finance and asset finance.

The firm posted a 1.62% decline in its net profit to ₹581.4 crore in Q2 FY26 as against ₹591 crore in the same period of the previous fiscal year.

LG Electronics India IPO

The ₹11,607.01 crore IPO was purely an OFS of 10.18 crore shares by the South Korea-based promoter LG Electronics Inc. There was no fresh issue component. It is up 38% from the issue price.

The company had posted a 27.3% fall in its net profit to ₹389.43 crore in the latest September quarter, compared to ₹535.7 crore a year back. LG Electronics India Ltd, a leading player in major home appliances and consumer electronics, sells products, including LED TV panels, inverter air conditioners, washing machines, refrigerators and microwaves.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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