In 2025, very few mainboard IPOs have come to the market due to Trump-era tariffs and recent market crashes. However, many major companies have already filed their DRHP as per SEBI regulations. If you’re an investor, you’re likely on the lookout for some big companies that are preparing to get listed in the Indian market. New investors often prefer to buy stocks right at the time of listing. Today, we’re going to unveil some of the top upcoming IPOs you can consider applying for to aim for better returns.
Most awaited IPO of 2025
7. NSDL:
One monopoly stock that’s gearing up for its IPO is National Securities Depository Limited (NSDL). The company provides depository-related services and is one of only two government-licensed depositories in India. NSDL holds over 30% market share in this sector. Its primary revenue comes from IPO-related services and transaction charges on stock buying and selling. In the unlisted market, its shares are currently trading at around ₹1,250. As of June 2025, the IPO date has not yet been officially confirmed.
Pros
- Monopoly stock in Depository business.
- Has a Strong future due to rising demand accounts.
- Could be a good stock for long term
6. Hero Fincorp:
Hero Motors India is set to launch another IPO in the Indian stock market Hero FinCorp. This is expected to be one of the biggest IPOs of 2025. According to current reports, Hero Motors is preparing for a ₹3,680 crore IPO this year. The company offers two-wheeler, business, and personal loans. Since it is already well-established in the two-wheeler segment, its loan business is also expected to perform well. The IPO date has not been confirmed yet, but it is likely to be launched later this year.
- Leading in Two wheeler loans and personal loans
- Parent company Hero Motocorp may become primary customer
- Could be a multi bagger in future.
5. Phonepe:-
Another major IPO that is highly anticipated by Indians is PhonePe. This fintech company holds nearly 50% market share in digital transactions. As UPI payments continue to grow day by day, it is likely that the company’s profits will also increase in the future. PhonePe has also entered the stock market space through its official app and now offers services such as loans and investments. The company is set to launch a massive IPO worth ₹11,000 crore.
Has a good market share
- Has a good market share
- High UPI Transaction can be good for company future.
4. Zepto:
Quick delivery companies are focusing on 10-minute deliveries, which are expected to shape the future of e-commerce in India. One such Indian company currently on our list is Zepto. While Blinkit is already part of the listed entity Zomato (under the name ‘Eternal’), Zepto is now planning a $1 billion IPO. From cosmetics to daily essentials, everything will be available on the platform, and the company claims to deliver orders in under 10 minutes.”
- Company working on quick delivery which could be the future.
- Zepto Aims to become in top in terms of Ecommerce.
3. Groww:-
“Stock market broker Groww is preparing for its IPO this year. As of June 2025, Groww has over 13.35 million users, accounting for 27% of the total market share. These numbers are expected to grow further as the company continues to add new features to its app, and more Indians are turning their focus toward stock market investments.”
- High market share in stock market
- Rising demad account can rise company profit
2. SBI Mutual Fuds :-
“India’s largest mutual fund company is preparing to file its DRHP, and its IPO may be launched in the coming months. For those who don’t know, SBI Mutual Fund is currently one of the biggest mutual fund companies in India. The company offers a wide range of investment options, including growth, equity, and flexi-cap plans. A few years ago, the SBI PSU Fund was among the most popular schemes, delivering returns of up to 60% for investors.”
“SBI currently holds a significant market share of around 40% in the mutual fund industry. This asset management company is a joint venture between SBI and the French company Amundi.”
Pros.
- Biggest Mutual fund company in India
- Raising interest in mutual funds can grow the company
- NSE:-
“Last but not least, this company is currently the most anticipated one on the list. The National Stock Exchange (NSE) is India’s largest stock exchange and also ranks among the top exchanges in the world. The company offers a wide range of features including equity trading, F&O, and the Nifty 50 index. Even before its listing, NSE’s unlisted share price has been skyrocketing. While the exact date of the IPO is not yet confirmed, it is expected to take place in late 2025 or 2026.”
“Due to the success of MCX and BSE, many investors are keen to invest in NSE. Although the exact IPO size is not yet clear, it is certain that the IPO is likely to be oversubscribed, as many retail investors have strong faith in the company.”
- Company is largest exchange in India
- NSE hold 80 % market share
- Can give huge returns like MCX and BSE
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