Upcoming IPO List in India – Mainboard IPO and SME IPO 2025
Introduction to Upcoming IPOs
The Indian Initial Public Offering (IPO) market is experiencing a dynamic phase in 2025, with numerous companies preparing to go public. These upcoming IPOs span various sectors, offering investors a diverse range of opportunities. Both Mainboard and Small and Medium Enterprise (SME) IPOs are set to make their debut, reflecting the country’s robust economic growth and investor confidence. This page serves as a comprehensive guide to the upcoming IPOs in India, providing real-time updates on Mainboard IPOs and SME IPOs, including details on subscription status, allotment results, listing dates, and Grey Market Premium (GMP). Whether you’re a seasoned investor or a newcomer, staying informed about upcoming IPOs is crucial for making timely and informed investment decisions in the Indian stock market.
Understanding Mainboard and SME IPOs
Mainboard IPOs are typically launched by large, well-established companies seeking to raise capital from the public. These companies usually have a strong financial track record, a significant market presence, and a proven business model. Mainboard IPOs are listed on major stock exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), attracting a wide range of institutional and retail investors.
On the other hand, SME IPOs cater to small and medium-sized enterprises looking to raise funds for expansion and growth. These IPOs are listed on platforms like NSE Emerge and BSE SME, which have more relaxed listing requirements compared to the main exchanges. SME IPOs often offer investors an opportunity to invest in emerging companies with high growth potential, albeit with higher risk. Both Mainboard and SME IPOs play a vital role in the Indian capital market ecosystem, offering diverse investment opportunities.
Key Factors to Monitor in Upcoming IPOs
Investors should closely monitor several key factors when evaluating upcoming IPOs. The issue price or price band indicates the range within which the company’s shares are being offered to the public. Understanding the issue price helps investors assess the valuation of the company and determine if it’s reasonably priced.
The issue size refers to the total capital the company aims to raise through the IPO. A larger issue size may indicate the company’s significant expansion plans, while a smaller issue size might suggest a more conservative approach.
The subscription status provides insights into the demand for the IPO. A high subscription rate often indicates strong investor interest, whereas a low subscription rate may raise concerns about the company’s prospects.
The listing date is when the company’s shares are officially listed on the stock exchange and become available for trading. Monitoring the listing date helps investors plan their entry and exit strategies.
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing gains. A positive GMP suggests that the IPO might list at a premium, while a negative GMP indicates the opposite.
Lastly, the allotment results determine how many shares an investor will receive. Understanding the allotment process is crucial for investors to know their potential holdings post-listing.
Notable Upcoming IPOs in India 2025
As of October 2025, several notable IPOs are scheduled to launch in the Indian market. Lenskart, India’s largest organised eyewear retailer, has received regulatory approval to launch its Initial Public Offering (IPO), becoming the first exclusive eyewear company in India to go public. The IPO will include the issuance of new shares worth ₹21.5 billion (approximately $250 million). The funds raised will be used to expand its company-owned retail outlets, enhance technology and cloud infrastructure, and meet general corporate needs. Founded in 2010 as an online business, Lenskart entered the physical retail market in 2013 and has grown significantly, now operating 2,067 stores in India and 656 internationally. With an industry poised for double-digit growth, driven by increasing vision problems and expanded healthcare access, analysts see high potential for the company, which was valued at $6.1 billion as of September 2025.
Canara HSBC Life Insurance Company has announced a price band of ₹100 to ₹106 per share for its upcoming initial public offering (IPO), aiming for a market valuation of approximately ₹100.7 billion ($1.14 billion) at the upper end. The IPO, valued at ₹25.18 billion, will be open to retail investors starting October 10, with anchor investor bids accepted on October 9. The company is a joint venture between Canara Bank and HSBC Insurance (Asia Pacific) Holdings. The valuation and price band reflect the company’s strategic planning in capitalising on market interest and expanding its financial footprint.
Rubicon Research is another company preparing for its IPO, with the issue expected to open on October 9 and close on October 13, 2025. The price band for the IPO is set between ₹461 and ₹485 per share. The funds raised will be utilised for research and development, working capital requirements, and general corporate purposes.
Canara Robeco Asset Management Company is also set to launch its IPO, with the issue opening on October 9 and closing on October 13, 2025. The price band for the IPO is set between ₹253 and ₹266 per share. The funds raised will be used for business expansion and other corporate purposes.
These upcoming IPOs reflect the growing confidence of both companies and investors in the Indian stock market, offering diverse investment opportunities across various sectors.
Monitoring Upcoming IPO Subscription and Allotment Status
Tracking the upcoming IPO subscription status is essential for investors to gauge the demand for a particular IPO. Subscription data is updated regularly and provides insights into how many times the issue has been subscribed in different investor categories, such as Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
The allotment status indicates how many shares an investor has been allotted in the IPO. Once the allotment process is complete, investors can check their status to know the number of shares they will receive. This information is crucial for planning post-listing strategies.
Several online platforms provide real-time updates on IPO subscription and allotment status, allowing investors to stay informed and make timely decisions.
Importance of Grey Market Premium (GMP) in Upcoming IPOs
The Grey Market Premium (GMP) is an unofficial market where IPO shares are bought and sold before they are officially listed on the stock exchange. The GMP reflects the potential listing gains and investor sentiment towards the IPO. A positive GMP indicates that the IPO might list at a premium, while a negative GMP suggests the opposite.
Monitoring the GMP can provide investors with an early indication of the IPO’s potential performance. However, it’s important to note that GMP is not a guaranteed predictor, and investors should consider other factors, such as the company’s fundamentals and market conditions, before making investment decisions.
Utilising the Upcoming IPO List for Investment Decisions
The Upcoming IPO List serves as a valuable tool for investors to track upcoming IPOs in India. By providing detailed information on issue prices, subscription status, GMP, and allotment results, the list enables investors to make informed decisions.
Regularly monitoring the upcoming IPO list helps investors identify potential investment opportunities, assess market trends, and plan their investment strategies effectively. It’s an essential resource for anyone looking to participate in the dynamic Indian IPO market.
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