India’s IPO market is back with a bang. After a slow patch, eight big IPOs worth over ₹26,000 crore are now gearing up to hit Dalal Street by the end of July. And it’s not just any list—these are heavy hitters. From HDB Financial Services to JSW Cement, this fresh batch is set to shake things up.
Let’s break it down.
The Big One: HDB Financial Services
Topping the charts is HDB Financial Services, with a whopping IPO size of ₹12,500 crore. It includes a fresh issue of ₹2,500 crore and a ₹10,000 crore offer-for-sale. The anchor book opens on June 24, and public subscription is expected from June 25 to June 27.
Buzz is already strong. The grey market premium (GMP) is reportedly at ₹93 per share—even before pricing has been announced. That’s huge.
Who Else Is Joining the Party?
- Sambhv Steel Tubes is coming in hot with a ₹540 crore IPO. It got SEBI approval in March.
- Globe Civil Projects has locked in its timeline—open from June 24 to June 26, priced between ₹67–71 per share. It aims to raise ₹200 crore.
- Ellenbarrie Industrial Gases and Kalpataru plan to raise ₹400 crore and ₹1,590 crore respectively. Both already have SEBI nods.
- JSW Cement has started its roadshow for a ₹4,000 crore IPO. Likely launch? July.
- Hero Fincorp has revised its issue to ₹3,408 crore after raising ₹260 crore in pre-IPO funding.
- And NSDL, expected to raise ₹3,400 crore, may hit the market before July ends. SEBI has extended its IPO deadline to July 2025, giving it some breathing room.
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Why Now?
Market insiders say companies are watching global cues—like the Israel-Iran conflict and US Fed decisions—before pulling the trigger. But the sentiment is bullish. If macro factors stay stable, we might be heading into one of the most active IPO seasons in years.
What’s in It for Investors?
For retail investors, there’s good news. Companies like HDB and Sambhv are expected to reserve 35% of their IPO for retail participation. Plus, with big names and large issue sizes, there’s likely to be solid investor interest.
India’s IPO space isn’t just waking up—it’s roaring back. This upcoming wave feels like a bold comeback and a sign of market confidence. With giants across finance, infrastructure, and manufacturing sectors jumping in, the next few weeks are going to be very exciting for investors and analysts alike.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
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