Indian businesses aiming to secure 2.4 billion dollars through Initial Public Offerings (IPOs) in July, as investor confidence recovers

Indian businesses aiming to secure 2.4 billion dollars through Initial Public Offerings (IPOs) in July, as investor confidence recovers

India's bustling IPO market is gearing up for a busy phase in the coming months, with several high-profile companies planning to go public. Among them are Credila Financial Services, National Securities Depository Ltd (NSDL), JSW Cement, LG Electronics India, and defense equipment maker SMPP.

Credila Financial Services, a non-banking finance company, has filed a draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹5,000 crore. The IPO will comprise a ₹3,000 crore fresh equity issue and ₹2,000 crore via offer for sale by existing shareholders HDFC Bank and Kopvoorn B.V. The company may also consider a pre-IPO placement up to ₹600 crore, which would reduce the fresh issue proportionally. The IPO is expected to proceed soon in 2025, making it one of the strongest months for IPOs since December.

NSDL, India's largest stock depository, is planning to raise $400 million through an IPO. The IPO is likely to launch in July 2025, almost entirely an offer for sale from existing investors. The IPO price is estimated between ₹700-₹800 per share, aiming to sell approximately 50.1 million shares. The regulatory nod for NSDL's listing was granted in September, but market sentiment deteriorated due to concerns about slower economic growth and corporate profits. However, with the Nifty 50 and Sensex regaining lost ground and trading about 3% off from their peaks, the IPO market is showing signs of a sustained revival.

JSW Cement is planning an IPO valued close to $470 million. The IPO could materialize as early as late July or early August 2025. Defense equipment maker SMPP is also targeting an IPO around $470 million, although the timeline for SMPP’s public offering remains unclear at this stage.

LG Electronics India is expected to pursue a large IPO, targeting around $1.8 billion. The exact timeline is not confirmed but is anticipated in the coming months following the July IPO rush. This is part of a strong pipeline of upcoming public listings, with Indian firms expected to raise approximately $2.4 billion through IPOs in July.

According to PRIME Database, there are 143 Indian IPOs being planned worth a potential $26 billion. This marks the strongest month for IPOs since December, with 73 of these approvals already received by regulators.

Bhavesh Shah, the managing director and head of investment banking at Equirus, expects the upcoming months to be the best for the Indian IPO market compared to what has been seen so far this year. The U.S. trade war and global geopolitical tensions earlier this year dented demand for IPOs, but investors have become more selective and mindful about where they see higher potential for returns, according to Umesh Agrawal, fund manager at 360 ONE Asset.

India's IPO market had its best-ever year in 2024, with $20.5 billion raised. So far this year, India continues to be the world's No. 2 IPO market with $5.86 billion raised. This trend suggests that the Indian IPO market is not only recovering but also thriving, making it an exciting time for both companies and investors alike.

Credila Financial Services, a non-banking finance company, aims to raise ₹5,000 crore through an Initial Public Offering (IPO) in 2025, with a significant portion coming from fresh equity and the rest via offer for sale by existing shareholders.

NSDL, India's largest stock depository, plans to raise $400 million through an IPO in July 2025, potentially marking a sustained revival in the IPO market following concerns about slower economic growth and corporate profits.

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