Discover how these IPOs can impact retail investors and how Risevestors—the best stock market institute in Meerut—can help you make smarter investment decisions.
India’s IPO market in 2025 is set to boom, with more than 15 companies preparing to go public. These companies range from EV startups and fintech giants to NBFCs and cement manufacturers. Each IPO offers unique opportunities and risks for retail investors. This blog explores what these companies do, how they reached this level, what they plan to do with the IPO funds, and whether you should consider investing in them. Let’s get started.
⚡ Ather Energy: Powering the EV Revolution
Ather Energy is a Bengaluru-based electric scooter manufacturer known for innovation and design. From launching India’s first smart scooter to building EV infrastructure across major cities, Ather has led the clean mobility wave. The company’s IPO aims to accelerate this growth journey by raising fresh funds to ramp up production and R&D.
Quick Highlights:
Capital to be raised: ₹3,100 crore
Use of funds: New manufacturing plants, battery innovation, R&D, and charging infrastructure
Why it matters: Strong EV demand and government push for sustainability
🚚 Zepto: The 10-Minute Delivery Giant
Zepto has quickly become a household name in metro cities for delivering groceries in under 10 minutes. Its hyperlocal dark store model has scaled rapidly, and the company is now eyeing an IPO to fuel national expansion and upgrade logistics tech. Zepto’s IPO reflects India’s appetite for instant commerce.
Quick Highlights:
Capital to be raised: ₹4,500 crore
Use of funds: Warehouse expansion, rider fleet management, app tech stack
Investor angle: High-growth potential but low margins—ideal for aggressive investors
🏦 HDB Financial Services: The NBFC Powerhouse
A trusted NBFC under the HDFC Bank umbrella, HDB Financial provides consumer loans, business loans, and asset financing. The upcoming IPO is expected to be one of the largest this year and is aimed at improving lending capacity while aligning with RBI norms.
Quick Highlights:
Capital to be raised: ₹12,500 crore
Use of funds: Meet regulatory requirements, increase loan book, reduce debt
Why it’s safe: Strong promoter backing and consistent performance
📃 NSDL: Backbone of Indian Capital Markets
As the first and largest depository in India, NSDL holds electronic securities for millions of investors. The IPO will help the company expand its tech infrastructure and enhance operational scalability. It’s a rare play in India’s stock market backbone.
Quick Highlights:
Capital to be raised: ₹3,000 crore
Use of funds: Digital upgrades, security systems, outreach for financial inclusion
Retail note: Safe, stable, and directly linked to market growth
🏗️ Tata Capital: Big Finance, Bigger AmbitionsTata Capital offers personal loans, wealth services, infrastructure financing, and more. With the IPO, the Tata Group plans to unlock value and reduce debt while maintaining growth momentum. Retail investors can benefit from the Tata legacy.
Quick Highlights:
Capital to be raised: ₹15,000 crore
Use of funds: Debt repayment, expanding lending portfolios, regulatory compliance
Why invest: Legacy brand + booming financial sector
📲 PhonePe: The Fintech Phenomenon
With over 500 million downloads and massive UPI traffic, PhonePe is a key player in India’s fintech evolution. The IPO will give the firm capital to expand into wealth management, insurance, and lending services.
Quick Highlights:
Capital to be raised: ₹8,000 crore
Use of funds: Product diversification, marketing, and tech team expansion
What to know: Backed by Walmart, but faces tough regulatory conditions
🧱 JSW Cement: Building India’s Future
A part of the JSW Group, this cement manufacturer is looking to strengthen its pan-India presence through its IPO. Given India’s infrastructure growth, the timing could be perfect for long-term investors.
Quick Highlights:
Capital to be raised: ₹4,000 crore
Use of funds: Setting up new plants, logistics, R&D in green cement
Sector tip: Cement stocks perform well during infra booms
🏢 OfBusiness: The B2B Disruptor
OfBusiness helps SMEs procure raw materials efficiently, making it a game-changer in the B2B space. Their IPO will fund expansion and boost their fintech lending vertical.
Quick Highlights:
Capital to be raised: ₹8,300 crore
Use of funds: Scale operations, data-driven lending tech, new verticals
USP: Tech-powered procurement and financial services
💻 Hexaware Technologies: A Tech Comeback
After being delisted in 2021, Hexaware is returning with a big IPO. The IT/BPO services firm is betting on AI, automation, and global demand for digital transformation.
Quick Highlights:
Capital to be raised: ₹9,950 crore
Use of funds: Global hiring, AI integration, acquisitions
Growth trigger: High client retention and strong IT sector fundamentals
💡 More IPOs to Watch in 2025
CarDekho: ₹2,500 crore, expanding its online vehicle marketplace and car financing solutions.
BoAt: ₹1,000 crore, leveraging brand strength in lifestyle electronics to expand product range.
IndiQube: ₹1,100 crore, aiming to scale its real estate portfolio and capture the demand for office spaces
Bluestone: ₹700 crore, growing its online jewelry business and expanding customer base with new designs and technologies.
🤔 Should Retail Investors Subscribe?
Before investing in any IPO, retail investors should:
Read the DRHP carefully
Understand the business and sector
Compare valuations with listed peers
Evaluate long-term potential over listing gains
Remember: every IPO is not a jackpot. Smart investing comes from smart learning.
🧠 Conclusion
2025’s IPO calendar is star-studded, offering new sectors and innovative business models to invest in. But blindly following the hype can be costly. Equip yourself with knowledge, analyze data, and then invest.
📚 Learn with Risevestors — Best Stock Market Course in Meerut
Want to learn how to invest in IPOs like a pro? Join Risevestors Share Market Institute, the best stock market institute in Meerut. We offer:
Advanced IPO & technical analysis modules Real-time case studies Live market training Certification & lifetime access
💡 Whether you're a beginner or a trader, Risevestors is your gateway to mastering the Indian stock market.
Risevestors – Learn, Trade, Grow.
Contact-Us For More Info
Call-Us= +91-8750523232
Visit-Our Website=Www.RiseVestors.com
⚠️ Disclaimer This blog is for educational purposes only and should not be considered as financial advice. Stock market investments are subject to market risks. Always consult a certified financial advisor before investing.