Tata Capital, Hero FinCorp Among Companies That May Come Up With Their IPOs in Second Half of 2025

Mumbai, 8 July 2025: A strong wave of initial public offerings (IPOs) may come in the second half of 2025. These include some leading names from finance, manufacturing, electric mobility, and coworking sectors preparing to raise capital. From Tata Capital’s massive ₹17,200 crore offer to niche listings like Smartworks and GK Energy, July is expected to be one of the most active IPO periods in recent memory.

Tata Capital’s ₹17,200 Cr IPO to Test Investor Appetite in Financial Sector

Tata Capital is poised an IPO, valued at ₹17,200 crore. Approved by SEBI in June 2025, this offering follows a confidential DRHP submission in April. The issue is likely to serve as a key indicator of investor sentiment toward large-scale financial service listings.

Hero FinCorp Plans Dual-Tranche Issue Worth ₹3,668 Cr

Hero FinCorp is set to raise a total of ₹3,668 crore, comprising a fresh issue of ₹2,100 crore and an OFS of ₹1,568 crore. The proceeds are expected to support business expansion and enable partial exits by existing shareholders.

NSDL to Launch ₹3,421.6 Cr IPO Through Pure OFS

The National Securities Depository Limited (NSDL) will float a ₹3,421.6 crore IPO comprising 5.01 crore shares entirely through an offer-for-sale. No fresh capital will be raised, as the issue is designed to facilitate a stake sale by current shareholders.

LG Electronics India Gears Up for ₹15,000 Cr Public Offering

South Korean parent LG Electronics Inc. is offloading 10.18 crore shares—equal to 15% of its stake—via a ₹15,000 crore IPO of its Indian unit. With SEBI approval secured in March 2025, the listing is expected to draw strong demand from institutional investors.

JSW Cement’s ₹4,000 Cr Listing to Support Capacity Growth

JSW Cement is planning a ₹4,000 crore IPO, split equally between a ₹2,000 crore fresh issue and ₹2,000 crore OFS. The funds raised will be channelled toward capacity enhancement and reducing existing debt obligations.

BlueStone to Debut With SEBI-Approved Hybrid Issue

Jewellery retailer BlueStone is preparing its market debut with an IPO comprising a ₹1,000 crore fresh issue and an OFS of up to 2.39 crore shares. Approved in April, the listing is expected to attract interest amid growing consumer preference for omni-channel brands.

Greaves Electric Mobility to Ride the EV Wave With ₹1,000 Cr Issue

As India’s EV transition gains pace, Greaves Electric Mobility is tapping the market with a ₹1,000 crore fresh issue and an OFS of 18.9 crore shares. SEBI approved the offering in May 2025, aligning it with the sector’s ongoing green momentum.

GK Energy Eyes ₹500 Cr Fundraise to Expand Clean-Tech Offerings

GK Energy, a renewable-focused firm known for solar pump systems in agriculture, will launch a ₹500 crore IPO. The public issue includes a fresh issue and an OFS of 84 lakh shares, with regulatory approval granted in April.

Smartworks to Enter Public Market With ₹582.56 Cr Coworking-Focused Issue

Coworking space operator Smartworks will launch a ₹582.56 crore IPO, comprising a ₹445 crore fresh issue and ₹137.56 crore OFS. This marks one of the first major public listings by a coworking player, signalling interest in the evolving commercial real estate segment.

Anthem Biosciences Readies ₹3,395 Cr All-OFS Listing

Anthem Biosciences plans to open its ₹3,395 crore IPO in mid-July, consisting entirely of an offer-for-sale. While no fresh funds will be raised, the issue allows early investors to exit as the company continues scaling up its pharmaceutical research and development activities.

Outlook: Institutional Interest and Market Sentiment to Shape IPO Success

With nearly ₹50,000 crore worth of equity expected to be raised, July 2025 could emerge as a record-breaking month for IPO activity. The diversity of companies—from established financial players to emerging tech and clean energy firms—suggests broad market participation. The success of these listings will depend significantly on institutional appetite and prevailing market sentiment.

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