Indian Initial Public Offers (IPO) showed remarkable growth in the first half of FY25. The companies have raised Rs. 68890.98 crore, nearly double as compared to the same period last year. This surge reflects strong investor demand and significant listing gains. Looking ahead, the second half of FY25 is exciting with upcoming IPOs like Hyundai Motor India, Swiggy, Afcons Infrastructure, Waaree Energies, and NTPC Green Energy, expected to raise more than Rs. 56,000 crore. 

Overview of IPO Growth in FY25

The Indian IPO market is hitting new highs in FY25. Companies have already raised over Rs. 68,000 crore in just six months. This beats many full-year records from the past. This success encourages more small and big companies to consider going public. Investors are showing great interest in the IPOs. Many IPOs have shown their share prices jump on the listing day. 

As of October 7, 2024, the IPO market with a total of 198 IPOs launched on the Indian stock market since April 1, 2024, which includes 42 mainboard IPOs and 156 SME IPOs. The success of these IPOs sets a promising foundation for the rest of FY25. Investors and analysts are now keenly watching the upcoming listings of top companies in the second half of FY25.

List of Top 6 Listing Gain IPOs of FY25

IPOListing Gain

Vibhor Steel Tubes IPO181.46%

BLS E-Services IPO125.93%

Premier Energies IPO120.00%

KRN Heat Exchanger IPO118.18%

Unicommerce eSolutions IPO117.59%

Bajaj Housing Finance IPO114.29%

Key Factors Driving IPO Market Surge in FY25

Key factors drive the impressive growth in the IPO market. First, the Indian economy shows resilience and stability, encouraging companies to go public. Second, low interest rates make equities more appealing compared to fixed-income options.

Third, the rise of retail investors boosts demand for IPOs. Additionally, technological advancements facilitate easier access to investment platforms. These elements create a favorable environment for companies looking to raise funds through IPOs.

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Major Upcoming IPOs Set to Dominate the Second Half

The second half of FY25 promises exciting IPO opportunities for investors. High-profile companies like Hyundai Motor India, Swiggy, Afcons Infrastructure, Waaree Energies, and NTPC Green Energy are set to launch their offerings soon. These IPOs could collectively raise around Rs. 56,664 crore.

Such significant fundraising indicates strong market interest and investor enthusiasm. Keeping an eye on these upcoming listings can provide valuable opportunities for savvy investors looking to diversify their portfolios.

List of IPOs in Upcoming Days

Company NameIPO Size (In Crore)

Hyundai Motor India Limited25,000

Swiggy 11,664

NTPC Green Energy10,000

Afcons Infrastructure Limited7,000

Waaree Energies Limited3,000

Hyundai Motor India aims to bring in $3 billion (approximately 25,000 crore) from public investors.  It is the largest IPO size as of now in the Indian market. Hyundai is likely to open for subscription on October 14 and fully offer for sale. Hyundai Motors India manufactures automobiles as well as auto components like engines, gearboxes, and transmissions.

It is India’s second-largest and the world’s third-largest auto OEM in passenger vehicles. As of FY24, the company had sold almost 12 million passenger cars in India and through exports.

Swiggy is an online food ordering platform that allows users to order food from their favorite nearby restaurants. The company is bringing the IPO size of Rs. 11,664 crore, which includes the fresh issue of Rs. 5,000 crore and an offer for sale of Rs 6,664 crore. It will be used for the repayment of borrowing, investing in the quick commerce segment, technology and cloud infrastructure, and brand marketing.

NTPC Green Energy is planning to raise Rs 10,000 crore from IPOs. The company will be issuing entirely a fresh issue of equity shares. The company is a developer of renewable energy projects that aim to generate clean energy. This IPO fund will be used for the repayment of outstanding borrowing and investing in solar energy, green hydrogen, and green ammonia. 

Afcons Infrastructure Limited is a Shapoorji Pallonji Group-owned infrastructure engineering and construction company. The company operates five major infrastructure business verticals, such as marine and industrial, surface transport, urban infrastructure, hydro and underground, and oil and gas projects.

Afcons Infrastructure is coming with an IPO of Rs. 7,000 crore, which includes a fresh issue of Rs 1,250 crore and an offer for sale of Rs 5,750 crore. The amounts will be used for the purchase of construction, repayments of borrowing, and funding long-term working capital requirements.

Waaree Energies Limited is India’s largest manufacturer and supplier of solar-integrated products and control systems, boasting a capacity of 12 GW, making it the largest outside of China. The company is raised through an IPO worth Rs 3,000 crore, which includes a combination of fresh issues and offers for sale. The company uses this money to establish a manufacturing facility for the 6 GW of ingot wafers, solar cells, and solar PV modules.

In September 2024, several companies that have gotten IPOs approved from SEBI, including Vishal Mega Mart, One Mobikwik Systems, Quadrant Future Tek, Enviro Infra Engineers, Godavari Biorefineries, Enviro Infra Engineers, Shivalik Engineering Industries, Mamata Machinery, and ACME Solar Holdings, are planning to list their IPOs, significantly boosting the Indian IPO market. 

Future Outlook – What Investors Should Watch in IPOs

The IPO market shows no signs of slowing down. Many more companies are preparing to go public soon. Investors should research carefully before investing in IPOs. Market experts suggest staying selective about IPO investments. Some sectors might see more IPO activity than others.

Global market conditions could affect IPO success rates. Regulatory changes might impact future IPO plans. Investors should look at company fundamentals before investing. The market might take breaks between big IPO launches. Long-term investors often get better returns from IPOs.

Conclusion

In conclusion, the Indian IPO market boom in FY25 promises to transform India’s investment landscape. Big names like Hyundai Motor India, Swiggy, Afcons Infrastructure, Waaree Energies, and NTPC Green Energy will soon enter the market. Their market debuts are likely to attract a mix of institutional and retail investors to increase participation in stock markets.

People can now invest in different sectors, from cars to food delivery. As these companies grow, they will boost the Indian economy. This success will encourage more companies to go for IPOs.

Which upcoming IPO excites you the most, and why? Have you invested in any IPOs this year? Share your experience, Let us know in the comments below.

Written By, Nikhil Naik

By utilizing the stock screenerstock heatmapportfolio backtesting, and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks, also get updated with stock market news, and make well-informed investments.

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Indian Initial Public Offers (IPO) showed remarkable growth in the first half of FY25. The companies have raised Rs. 68890.98 crore, nearly double as compared to the same period last year. This surge reflects strong investor demand and significant listing gains. Looking ahead, the second half of FY25 is exciting with upcoming IPOs like Hyundai
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