Upcoming IPOs 2025

What are Upcoming IPOs?

Upcoming IPOs refer to companies that are planning to launch their public issues soon. These firms typically file their Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for review or have received SEBI’s approval and are finalising the launch details, such as the price band and issue dates.

The pre-launch phase of a new IPO in India is important for investors looking to participate from day one. Keeping track of the latest IPO issues allows potential investors to research these companies, understand their business models, evaluate financials, and prepare for the application process once the subscription window opens. Information about these upcoming IPO offerings is usually disseminated through financial news portals, stock exchange announcements, and broker updates.

Who Can Invest in Upcoming IPOs?

Investing in new upcoming IPO in India is open to various categories of investors, provided they meet the eligibility criteria and complete the necessary prerequisites. The main categories defined by SEBI are:

1. Retail Individual Investors (RIIs): This category includes resident individuals, NRIs, and HUFs applying for shares worth up to ₹2 lakhs in an IPO. A significant portion (at least 35% for most mainboard upcoming latest IPOs) is typically reserved for RIIs.
2. Non-Institutional Investors (NIIs): These are investors applying for shares worth more than ₹2 lakhs. This category is further divided into two sub-categories: applications between ₹2 lakhs and ₹10 lakhs and applications above ₹10 lakhs (often referred to as High-Net-Worth Individuals or HNIs).
3. Qualified Institutional Buyers (QIBs): These are large institutional investors possessing expertise and financial muscle, such as mutual funds, commercial banks, foreign portfolio investors (FPIs), insurance companies, and pension funds. A substantial portion (usually 50%) is allocated to QIBs.
4. Other Categories: Some IPOs may also reserve quotas for company employees or existing shareholders of the parent/promoter company.

Regardless of the category, all investors must fulfil certain basic requirements to be eligible to apply.

What is the Process of Investing in an Upcoming IPO Online?

Thanks to SEBI’s initiatives, applying for an IPO online has become a streamlined and efficient process, primarily through ASBA (Applications Supported by Blocked Amount) or the UPI (Unified Payments Interface) mechanism. Here’s a step-by-step guide:

1. 1. Choose Your Platform: Log in to your online banking portal (ensure it offers ASBA facility for IPOs) or, more commonly, use your stockbroker’s trading platform or mobile app, like HDFC Sky.
   2. Select the IPO: Navigate to the IPO section on the platform. Find the specific upcoming IPO with a date that is currently open for subscription and select it.
   3. Fill Application Details: Enter the required information:
      1. Select your investor category (usually Retail/RII).
      2. Enter the number of lots you wish to apply for. You’ll typically bid within a specified price band; RIIs often have the option to apply at the ‘Cut-off Price’ (the final price determined after the book-building process).
      3. Verify or enter your Demat account details (DP ID and Beneficiary Account Number).
      4. Your PAN will usually be auto-populated or required.
   4. Authorise Payment (Fund Blocking):
      1. ASBA via Net Banking: If applying through your bank, select the bank account from which the funds should be blocked. The application amount corresponding to the shares applied for will be blocked (not debited).
      2. UPI via Broker Platform: If applying through your broker using UPI, enter your valid UPI ID. You will then receive a payment mandate request on your UPI app. You must approve this mandate promptly to successfully block the funds.
   5. Submit Application: Review all entered details carefully and submit your application. You should receive a confirmation message or email with a unique application number.

The funds remain blocked in your account until the allotment is finalised on the upcoming IPO listing date. If shares are allotted, the exact amount is debited; otherwise, the block is released.

Prerequisites for Applying for an IPO

Before you jump into applying for all upcoming IPO issues that catch your eye, ensure you have the following essentials in place:

• PAN Card: A valid Permanent Account Number is mandatory for KYC and all financial transactions. including for the latest upcoming IPO investments.
• Demat Account: You absolutely need an active Demat account with a Depository Participant (like NSDL or CDSL) to receive shares in electronic form if allotted.
• Trading Account: While not strictly mandatory just to apply (especially via ASBA through banks), a trading account linked to your Demat account via a registered stockbroker (e.g., HDFC Sky) is necessary for applying conveniently online through the broker’s platform and for selling the shares later if allotted.
• Bank Account: A savings bank account linked to your PAN is required for the ASBA/UPI fund blocking process. It’s advisable to have the same bank account linked to your Demat/Trading account for seamless operations.
• UPI ID (for UPI method): If using the UPI mechanism via your broker, ensure you have a valid UPI ID linked to an approved bank account that supports IPO mandates.
• KYC Compliance: Ensure your KYC (Know Your Customer) details linked with your PAN, Demat, and bank account are complete and up-to-date.

How to Increase Your Chances of IPO Allotment?

Getting an IPO allotment, especially in highly sought-after issues, often feels like winning a lottery due to significant oversubscription in the retail category. While allotment is based on rules set by SEBI to ensure fairness, here are a few legitimate strategies that might slightly improve your household’s probability or ensure your application is considered valid:

• Apply at Cut-off / Upper Price Band: For Retail Individual Investors (RIIs), bidding at the ‘Cut-off Price’ ensures your application is considered irrespective of the final issue price discovered within the band. Alternatively, applying at the upper end of the price band achieves the same.
• Apply for One Lot (in high oversubscription): In IPOs where the retail portion is heavily oversubscribed (e.g., >10 times), SEBI’s allotment rules prioritise giving at least one minimum lot to the maximum number of applicants. Applying for just one lot maximises your chance of being selected in the lottery for an allotment. Applying for more lots in such cases doesn’t increase your chances of getting selected in the initial lottery draw.
• Use Multiple Demat Accounts (Family Members): An individual can only submit one application per IPO using their PAN. However, different eligible family members (spouse, parents, children with their own PAN, Demat, and Bank accounts) can each submit one application. This increases the overall chances of the family getting at least one allotment.
• Ensure Application Accuracy: Double-check all details like PAN, Demat account number, bank account, and UPI ID. Ensure sufficient funds are available for blocking and approve the UPI mandate promptly. Incorrect details or failed payment authorisation leads to rejection.
• Consider Reserved Categories: If you are an employee of the company going public or an existing shareholder of its parent/promoter entity, check if there’s a reserved quota for these categories in the latest IPO in India. Applying under these quotas (if eligible) might offer a better chance of allotment than the general RII category.

Remember, these tips do not guarantee allotment.

Where to Find the List of Upcoming IPOs in 2025?

Keeping track of the dynamic upcoming IPO list is crucial for investors seeking new opportunities. Where to Find Reliable Information on Upcoming IPOs:

Investors should regularly consult reliable sources for the latest updates on the upcoming IPO list:

• Stock Exchange Websites: Both NSE India (www.nseindia.com) and BSE India (www.bseindia.com) have sections detailing upcoming public issues, including filed documents (DRHP/RHP) and key dates once announced.
• SEBI Website: The SEBI website (www.sebi.gov.in) lists companies that have filed DRHPs or received observations, indicating their intent to launch an IPO.
• Financial News Portals & Publications: Reputable business news websites and financial newspapers regularly track and report on upcoming IPOs, including analysis and expert opinions.
• Broker Platforms & Apps: Many stockbrokers, including platforms like HDFC Sky, provide a dedicated section or dashboard listing all upcoming IPO issues, often with key details summarised for convenience.

Investors should monitor financial news for confirmed IPO launches. Sectors like technology, renewable energy, healthcare, and consumer goods often see IPO activity, but specific company launches depend on prevailing market sentiment and readiness. Always refer to the sources listed above for the most current upcoming IPO date.