Upcoming IPOs in India: 5 Companies Set to List This Year

The Indian capital markets are pulling off an uninterrupted record-breaking performance in 2025 where IPOs are about to touch the one hundred mark and have already garnered more than ₹1.6 lakh crore. With this boost, the watchdog of the stock market SEBI has allowed five new companies to issue public shares which is a signal for another round of investment opportunities for retail and institutional investors.

SEBI Approvals: Who's Going Public?

Among the companies that have been approved by SEBI for IPOs are:

• Leap India - a firm that pools supply chain assets
• El Arado Agritech - a company that provides seed and crop protection solutions and is the one behind Srikar Seeds
• Molbio Diagnostics - whose PE investors are Temasek and Motilal Oswal
• Technocraft Ventures- a firm that delivers wastewater treatment solutions
• Foodlink F&B Holdings (India) - a company that runs catering and casual dining chain

These companies filed their draft prospectuses during the months of June to September this year with an aim to raise funds for expanding their businesses, paying off debts, and other corporate purposes.

On the other hand, Inox Green Energy and Sky Alloys & Power have decided to put their IPOs on hold temporarily. Inox is expected to come back with the re-filing after it updates its financials in light of the recent ₹5,000 crore pre-IPO funding round which was a success.

Leap India IPO: Targeting ₹2,400 Crore

Leap India will float 400 crore rupees worth fresh equity while the existing shareholders would share their stake worth 2,000 crore rupees thereby making the total IPO size of 2,400 crore rupees. Out of the fresh funds, ₹300 crore will be used for paying off its debts, and the rest will be used for meeting working capital needs.

El Arado Agritech: ₹1,000 Crore IPO

El Arado Agritech, whose seed and crop protection solutions are prominent in the industry, is going to increase ₹340 crore by issuing new shares plus ₹660 crore from existing shareholders selling their shares, so the total is ₹1,000 crore. Debt repayment would take ₹245 crore of the total, while the rest would be available for corporate use.

Molbio Diagnostics: PE Firms' Stake Sale

Molbio Diagnostics, the partner of Temasek and Motilal Oswal, intends to make a fresh issue worth ₹200 crore. Also, existing investors will be selling the 1.25 crore shares out of which ₹99 crore are planned to be used for a new R&D center that will comprise a Centre of Excellence and office space.

Foodlink F&B Holdings: Expanding Kitchens & Restaurants

The catering and casual dining chain is looking to raise ₹160 crore for new equity with 1.19 crore shares for sale from promoters and current investors. The capital will be earmarked for setting up centralized kitchens and enlarging restaurants under Foodlink Global Restaurants and Catering Services, which has around 30 outlets in India presently.

Technocraft Ventures: Fresh Equity & OFS

Technocraft Ventures is going to issue 95.05 lakh new equity shares, and 23.76 lakh shares will be offered for sale through an Offer for Sale (OFS) by Karthikeya Constructions. Majorly, the proceeds will be utilized for working capital (₹138 crore) and general corporate purposes.

Two More Companies: Steam House India & Citius Transnet InvIT

Citius Transnet InvIT, which is concentrating on transportation infrastructure, is aiming to get ₹1,340 crore from the public issue. A major part of the funds (₹1,235 crore) will be allocated for acquiring securities in SRPL and SPV projects which includes TEL, JSEL, Dhola, and Dibang.

Steam House India, which is an industrial supplier of steam and gas, is looking to get ₹425 crore from fresh equity (₹345 crore) and shares of promoters (₹80 crore). The purpose of the funds will be to settle debts, improve the Ankleshwar and Panoli units and the setup of a new steam generation unit in Dahej. For the financial year 2024-25, the company had revenues of ₹395 crore and net profit of ₹31 crore.

Record-Breaking Year for Indian IPOs

2025 is going to be a pivotal year for the Indian capital markets as SEBI has permitted these companies for new public issues, and the market sentiment is by and large positive. There are now plenty of choices for retail and institutional investors to spread their portfolios across diverse sectors like agritech, diagnostics, infrastructure, F&B, and industrial solutions.