How are you friends? There has been a surge in IPOs in India for the last few years. After the Corona period, people have become more aware of investing, due to which most people see the stock market as the best option for investment. Today many new startups are starting in India and those startups are gradually reaching big valuations. To get more funds, they are turning towards IPOs. Today we will talk about upcoming IPO 2025.

Upcoming IPO 2025
- TATA Capital
- Boat
- NSE
- Zepto
- Ather
- JSW Cement
- HDB Financial Services
- LG Electronics
- NSDL
- Reliance Jio
- PhonePe
- Flipkart
TATA Capital
If you look at the IPO watch list 2025, you will see Tata capital as the first to be seen in it. Tata Capital is a leading financial services provider in India, founded in 2007. It offers a wide range of services including retail finance, wealth management, commercial finance, infrastructure finance, private equity and insurance. Recognized for innovation and ethical practices, Tata Capital has received numerous awards. Backed by the Tata Group, it has strong financial performance and a customer-centric approach.
Boat
Upcoming IPO 2025, the Boat company that has now become a big brand will definitely be under the eye of investors. Boat is founded in 2016 by Aman Gupta and Sameer Mehta, Boat is an Indian consumer electronics brand that specializes in affordable audio products and accessories. Known for its trendy, high-quality earphones, headphones, speakers and smartwatches, Boat has become one of India’s fastest-growing brands. Boat has a strong online presence and dominates India’s wearables market. Chartered accountant and former CFO Aman Gupta combined his business acumen with Sameer Mehta’s entrepreneurial vision to build a brand valued at over $1.4 billion and is now poised to enter the stock market through an IPO.
NSE
Founded in 1992 and headquartered in Mumbai, the National Stock Exchange (NSE) is India’s leading stock exchange. It pioneered electronic trading, which revolutionized the Indian financial markets. NSE’s flagship index, the Nifty 50, tracks the performance of 50 large-cap companies across sectors. Known for its transparency, efficiency and cutting-edge technology, NSE offers trading in equities, derivatives, debt and mutual funds. It is the world’s largest derivatives exchange by volume. Regulated by SEBI, NSE ensures a robust and secure trading environment, which enhances investor confidence. Its innovations, such as algorithmic trading and real-time data, make it a cornerstone of India’s financial system and a global benchmark. NSE can be seen as a good company in the upcoming IPO 2025.
Zepto
Zepto is an Indian quick-commerce startup founded in 2021 by Aadit Palicha and Kaivalya Vohra, both Stanford University dropouts. The company delivers groceries and essentials in 10 minutes through a network of dark stores (micro-warehouses) and a tech-based logistics system. Operating in major Indian cities, Zepto uses advanced algorithms for inventory management and route optimization. It quickly gained popularity for its speed and convenience, raising significant funding and achieving unicorn status (valued at over $1 billion) within a year of its launch. Zepto competes with players like Blinkit and Swiggy Instamart, revolutionizing India’s e-commerce landscape with its hyper-fast delivery model.
Ather
Ather Energy is an Indian electric vehicle (EV) startup founded in 2013 by Tarun Mehta and Swapnil Jain. Known for its smart electric scooters, Ather focuses on innovation, design, and sustainability. Its flagship models, the Ather 450X and 450 Plus, feature cutting-edge technology, including touchscreen dashboards, over-the-air updates, and fast-charging capabilities. Ather also developed Ather Grid, a public charging network for EVs. Headquartered in Bengaluru, the company has gained popularity for its premium, high-performance scooters and eco-friendly approach. Backed by investors such as Hero MotoCorp and Tiger Global, Ather is a major player in India’s growing EV market, promoting clean energy and smart mobility solutions.
JSW Cement
JSW Cement, a part of the JSW Group, is a leading name in India’s cement industry, recognized for its sustainable practices and high-quality products such as Portland Slag Cement (PSC) and Ordinary Portland Cement (OPC). Founded in 2009, it has an annual production capacity of over 14 million tones. Although JSW Cement is not publicly listed, its parent company, JSW Steel, is a significant player in the stock market, traded on the NSE and BSE. Investors often monitor the JSW Group’s performance as an indicator of industrial growth. JSW Cement’s emphasis on eco-friendly construction and innovation aligns with India’s infrastructure development and ESG-focused investment trends.
HDB Financial Services
HDB Financial Services, a subsidiary of HDFC Bank, is a prominent non-banking financial company (NBFC) in India. Founded in 2007, it offers a variety of financial products, including personal loans, business loans, loans against property, two-wheeler loans, and credit cards. The company serves retail and SME customers, particularly targeting underserved segments. With a widespread distribution network across India, HDB Financial Services utilizes technology to ensure fast loan approvals and a smooth customer experience. Its focus on innovation and customer-centric solutions has made it a trusted name in the financial services sector.
LG Electronics
LG Electronics is a global leader in consumer electronics, home appliances, and mobile communications. Founded in 1958 and headquartered in Seoul, South Korea, LG is known for its innovative products, including televisions, refrigerators, washing machines, air conditioners, and smartphones. The company emphasizes cutting-edge technology, such as OLED displays, AI-powered appliances, and energy-efficient solutions. With a strong presence in over 100 countries, LG is recognized for its commitment to quality, sustainability, and user-friendly designs. It consistently ranks among the top brands in the electronics industry, driving advancements in smart home technology and eco-friendly innovations.
NSDL
NSDL was established in 1996, and the National Securities Depository Limited is an India’s first and largest depository. It facilitates the holding and trading of securities, such as stocks, bonds, and mutual funds, in electronic form, eliminating the need for physical certificates. NSDL plays a crucial role in India’s financial markets by ensuring secure, efficient, and transparent transactions. It is regulated by the Securities and Exchange Board of India (SEBI) and works closely with brokers, banks, and companies. NSDL’s services include dematerialization of securities, e-voting, and IPO processing, making it a cornerstone of India’s modernized financial infrastructure.
Reliance Jio
Reliance Jio, a subsidiary of Reliance Industries, revolutionized India’s telecom sector with its launch in 2016. Known for affordable data plans and widespread 4G coverage, Jio made internet access accessible to millions, driving digital transformation in India. It offers mobile services, broadband, digital apps like JioSaavn and JioTV, and smart home solutions. Jio’s infrastructure includes a robust fiber network and partnerships for 5G technology. Its disruptive pricing and focus on innovation have made it the largest telecom operator in India, playing a key role in the country’s digital economy and connectivity expansion.
PhonePe
PhonePe, founded in 2015 and acquired by Flipkart in 2016, is a leading digital payments platform in India. It enables users to make seamless transactions through UPI, mobile recharges, bill payments, and online shopping. With over 400 million registered users, PhonePe supports multiple languages and integrates with millions of merchants. It also offers financial services like insurance, mutual funds, and gold purchases. Known for its user-friendly interface and robust security, PhonePe has become a key player in India’s digital payment ecosystem, driving financial inclusion and cashless transactions across the country.
Flipkart
Flipkart, founded in 2007 by Sachin Bansal and Binny Bansal, is one of India’s largest e-commerce platforms. Initially an online bookstore, it expanded into a wide range of products, including electronics, fashion, home essentials, and groceries. Acquired by Walmart in 2018, Flipkart is known for its competitive pricing, frequent sales, and customer-centric services like easy returns and fast delivery. It also operates PhonePe, a leading digital payments platform. Flipkart has played a significant role in shaping India’s e-commerce landscape, offering sellers a vast marketplace and consumers a convenient shopping experience.
How To Apply IPO
To apply in IPO, you need to have a demat account. If you don’t have a demat account then you don’t need to worry, you can open a free demat account in Upstox through the link given below.
Click to open free demat account in Upstox
Then follow all the processes to open the account. Click here to know the processes.
After opening the account, you can apply for the IPO of your choice in the IPO section. You will be able to see the details of your applied IPO via email or even in the app.
Conclusion
The surge in IPOs in India over the past few years reflects the growing awareness and interest in investing, especially after the COVID-19 pandemic. People are increasingly viewing the stock market as a reliable option for wealth creation. Startups and established companies alike are turning to IPOs to raise funds and expand their operations. The upcoming IPOs in 2025, such as Tata Capital, Boat, NSE, Zepto, Ather, JSW Cement, HDB Financial Services, LG Electronics, NSDL, Reliance Jio, PhonePe, and Flipkart, highlight the diversity and potential of India’s market.