LG Electronics and HDB Lead 2025 IPO Pipeline in India
The IPO market in India is booming with 317 initial public offerings (IPOs) raising INR 1.8 trillion in 2024, a significant increase from the previous year. This momentum is expected to continue into 2025, with 34 companies already receiving approval from SEBI for their IPOs, aiming to collectively raise INR 414.6 billion. An additional 55 companies are in the pipeline, targeting INR 986.7 billion pending regulatory clearance.
This surge in IPO activity indicates a thriving market, with high-profile listings on the horizon in various sectors like technology, fintech, infrastructure, and consumer goods. Some noteworthy IPOs expected in 2025 include:
1. LG Electronics India: A well-known name in the electronics sector, LG Electronics India, a subsidiary of the South Korean conglomerate, is gearing up for an IPO in the first half of 2025, aiming to raise INR 149.4 billion.
2. HDB Financial Services (HDB): A subsidiary of HDFC Bank, HDB is preparing for an INR 125 billion IPO, complying with RBI’s directive for NBFCs in the upper layer category to list on stock exchanges.
3. Zepto: A quick-commerce giant valued at INR 124.4 billion – INR 166 billion plans to go public in 2025, following in the footsteps of other e-commerce players in India.
4. Ecom Express: Backed by Warburg Pincus, Ecom Express, a logistics firm focused on online deliveries, is set to list on the Indian stock exchanges, with an expected price band of INR 250 per share.
5. Bluestone Jewellery and Lifestyle: A Bangalore-based jewellery retailer, is anticipating an IPO valued between INR 120 billion to INR 130 billion, representing a significant increase from its previous valuation.
Additionally, other prominent companies like Tata Passenger Electric Mobility Limited (TPEML) and Indira IVF are also expected to file for IPOs in 2025, contributing to the vibrant IPO landscape in India. Exciting times lie ahead for investors and companies seeking to tap into the buoyant Indian IPO market.
