Reliance Jio to boAt; Top 5 most anticipated IPOs of 2025

The stock market in 2025 has had a slow start, with only about 10 mainboard IPOs hitting the market so far. Despite this, six out of the nine listed companies saw positive debuts, even with market fluctuations. Investors are now eagerly waiting for major IPOs to boost market sentiment.

Following the record-breaking IPOs of 2024, several high-profile companies are preparing to go public. Here’s a look at the five most awaited IPOs of 2025:

1. Tata Capital

Tata Capital, the financial arm of the Tata Group, is set to launch its IPO soon. The offering will include a fresh issue of 23 crore equity shares and an Offer for Sale (OFS) by existing shareholders. The expected IPO size is around ₹15,000 crore. The listing is necessary to meet the Reserve Bank of India’s (RBI) requirements for upper-tier NBFCs.

2. Reliance Jio

Reliance Jio’s IPO is one of the most anticipated market events of the year. Reports suggest that the telecom giant, a subsidiary of Jio Platforms Ltd, plans to raise ₹40,000 crore through its public offering. If successful, this could be India’s largest IPO ever. The company is targeting a valuation of nearly $120 billion (₹10 lakh crore), with the IPO likely to take place in the second or third quarter of 2025.

3. LG Electronics India

South Korean tech giant LG Electronics is preparing to list its Indian subsidiary, LG Electronics India, on the stock exchanges. The ₹15,000 crore IPO will be an Offer for Sale (OFS) of 10.18 crore shares by the parent company, meaning no fresh shares will be issued. LG submitted its Draft Red Herring Prospectus (DRHP) to SEBI in December 2024, and the IPO is expected to launch in March 2025.

4. boAt

boAt, the popular Indian audio and wearable brand, is gearing up for its IPO in the upcoming fiscal year. The company aims to raise approximately ₹2,000 crore. It has already appointed major investment banks, including ICICI Securities, Goldman Sachs, and Nomura, to manage the offering.

5. JSW Cement

JSW Cement is set to go public with a ₹4,000 crore IPO. The issue will consist of a ₹2,000 crore fresh issue and a ₹2,000 crore Offer for Sale. The funds will be used for expansion and debt reduction. This will be the largest IPO in the cement industry in four years, following Nuvoco Vistas Corporation’s ₹5,000 crore listing in 2021.

Apart from these five, other notable IPOs expected in 2025 include NSDL, Zepto, and Ather Energy. With these major listings on the horizon, investors are hopeful that the IPO market will gain momentum in the coming months.

Disclaimer: This article is for informational purposes only. Please consult certified financial experts before making any investment decisions.