IPO buzz returns: Big July lineup to raise up to Rs 26,000 crore
After a slow start in 2025, India's IPO market seems to be active again. While the year began with companies delaying their public offers due to weak stock market conditions, June has brought back movement in the primary market.So far this month, two companies have already opened their IPOs for subscription. Oswal Pumps Limited opened its issue between June 13 and June 17, while Arisinfra Solutions started its 3-day bidding process on June 18, which will close on June 20.advertisementNow, at least eight more companies are preparing to launch their initial public offerings by the end of June and into July. These upcoming IPOs are expected to raise over Rs 26,000 crore in total.
"As the markets are stabilising and are in a range of 24,500 to 25,000, you can see some kind of activity that it is coming back in the primary market after a small brief small gap. Companies are also lining up to raise money from the primary market. Also, the earlier listings are recovering, which is one of the optimisms driving the markets," said Kranthi Bathini, Equity Strategy, WealthMills Securities Pvt Ltd. BIG NAMES IN LINEThe companies likely to hit the market soon include HDB Financial Services, Sambhv Steel Tubes, Ellenbarrie Industrial Gases, Kalpataru, Globe Civil Projects, NSDL, Hero Fincorp and JSW Cement.advertisementAmong them, HDB Financial Services is preparing one of the largest IPOs in this lineup. According to a report by Moneycontrol, the company may soon file its red herring prospectus (RHP).The IPO is worth around Rs 12,500 crore, with a fresh issue of Rs 2,500 crore and an offer-for-sale of up to Rs 10,000 crore. The anchor investor portion is likely to open on June 24, with the full IPO expected between June 25 and June 27.Sambhv Steel Tubes, which received approval from SEBI in March, is also ready to launch its IPO soon. The public offer will be a book-building issue of Rs 540 crore.It will include a fresh issue of Rs 440 crore and an offer-for-sale of Rs 100 crore. People aware of the development said the company is in the final stages of preparation. The retail quota for both HDB Financial Services and Sambhv Steel Tubes is expected to be around 35%.Despite no official price band yet, HDB Financial's IPO is already showing signs of investor interest. A grey market premium (GMP) of Rs 93 per share has been seen in the grey market, indicating strong demand.MORE COMPANIES JOINING THE LISTEllenbarrie Industrial Gases and Kalpataru are also looking to launch their IPOs soon. Both companies had received SEBI clearance earlier – Ellenbarrie in January and Kalpataru in November last year. Ellenbarrie plans to raise Rs 400 crore, while Kalpataru is aiming for Rs 1,590 crore. Both are likely to finalise their IPO dates shortly.advertisementJSW Cement, which got Sebi approval in January, has already started roadshows for its IPO. The company is planning to raise around Rs 4,000 crore, and the issue is expected to hit the market sometime in July, as per a Bloomberg report.Globe Civil Projects has already confirmed its IPO dates. The public offer will open on June 24 and close on June 26. The issue is priced between Rs 67 and Rs 71 per share, with a target to raise around Rs 200 crore.Hero Fincorp is also preparing for its IPO after completing a pre-IPO funding round of Rs 260 crore. The company has slightly lowered its fresh issue size from Rs 2,100 crore to Rs 1,840 crore. It also includes an offer-for-sale portion worth Rs 1,568.13 crore. The total IPO size now stands at Rs 3,408.13 crore. Hero Fincorp received approval from SEBI in May to go ahead with the public issue.NSDL (National Securities Depository Limited) is also expected to come to the market before the end of July. The Securities and Exchange Board of India had extended NSDL's IPO deadline to July 2025. According to earlier reports by Bloomberg, the company is looking to raise around 400 million dollars, or roughly Rs 3,400 crore.Must Watch
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