India’s IPO market is buzzing with excitement as some of the country’s biggest companies prepare to make their stock market debut. If you’re wondering which major IPOs are coming soon and how you can participate, this comprehensive guide covers everything you need to know about the 3 biggest IPO launches expected in India.
Whether you’re a beginner looking to invest in IPOs for the first time or an experienced investor tracking upcoming opportunities, understanding these mega public offerings can help you make informed investment decisions. Let’s explore the four massive IPOs that have captured market attention.
What Is an Initial Public Offering (IPO)?
An Initial Public Offering (IPO) is the process through which a privately-owned company offers its shares to the general public for the first time. This transformation from a private to a public company allows businesses to raise equity capital from institutional investors, high-net-worth individuals, and retail investors like you.
When a company goes public, it sells a portion of its ownership through stock exchanges such as the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE). The funds raised through an IPO can be used for business expansion, debt repayment, research and development, or general corporate purposes.
For investors, IPOs represent an opportunity to buy shares of promising companies at the offer price before they start trading in the secondary market. Once listed, these shares can be bought and sold freely on stock exchanges, allowing investors to potentially benefit from the company’s growth.
Why These 4 Big IPOs Matter for Indian Investors
The upcoming IPO season in India is witnessing unprecedented interest due to the size and reputation of companies going public. The four major IPOs expected soon collectively represent over ₹40,000 crore in potential capital raising, making them some of the largest public offerings in Indian market history.
Economic Significance
These mega IPOs signal strong confidence in India’s economic growth trajectory and capital markets. Large-scale public offerings from established brands like Tata Capital and LG Electronics India demonstrate that even well-established businesses are tapping public markets to fuel their next phase of expansion.
Diversification Across Sectors
The four big IPOs span different sectors including financial services, consumer electronics, fintech, and telecommunications. This diversity offers investors exposure to various growth stories within India’s economy.
Retail Investor Participation
Unlike earlier decades when IPOs were dominated by institutional investors, these upcoming issues have substantial retail quotas. This means individual investors have a fair chance to participate in these landmark listings.
3 Big IPO Expected Soon: Complete Details
1. LG Electronics India IPO – Record-Breaking Consumer Electronics Giant
Status: Successfully Listed on October 14, 2025
LG Electronics India made a spectacular stock market debut with what became India’s most bid-for IPO since 2008. The public offering witnessed unprecedented demand, making it a landmark event in India’s IPO history.
Key Details:
- Issue Size: ₹11,607.01 crore (entirely offer for sale)
- Price Band: ₹1,080 to ₹1,140 per share
- IPO Dates: Opened on October 7 and closed on October 9, 2025
- Listing Date: October 14, 2025
- Subscription: Oversubscribed 54.02 times, with QIBs subscribing 166.51 times
- Listing Performance: Shares debuted at ₹1,710 on NSE, marking a premium of over 50% from the issue price
Business Overview:
LG Electronics India Limited is the Indian subsidiary of South Korean electronics giant LG Electronics, operating in India since 1997. The company manufactures and distributes a wide range of consumer electronics and home appliances including televisions, refrigerators, washing machines, air conditioners, and microwave ovens.
Financial Strength:
In FY25, LG India reported revenue of ₹24,366 crore (up 14.1% year-on-year) and a net profit of ₹2,203 crore (up 46%). The company boasts impressive profitability metrics with ROE at 37% and ROCE above 40%, along with a zero-debt balance sheet.
Market Reception:
The IPO attracted bids totaling ₹4.39 lakh crore, breaking the previous record set by Bajaj Housing Finance. The grey market premium surged to ₹430, indicating strong investor appetite. Post-listing, LG India’s market valuation exceeded $13 billion, surpassing even its South Korean parent company’s market capitalization.
2. Groww IPO – India’s Leading Fintech Platform
Status: Expected in Early November 2025
Groww, one of India’s fastest-growing online investment platforms, is preparing to launch its IPO valued at approximately ₹7,000 crore. The Bengaluru-based fintech firm, backed by Microsoft CEO Satya Nadella, is targeting a valuation of up to $8 billion.
Key Details:
- Issue Size: Approximately ₹7,000 crore (including fresh issue of ₹1,060 crore and offer for sale)
- Expected Valuation: Around $8 billion (approximately ₹70,400 crore)
- Expected Timing: First week of November 2025
- Lead Managers: Kotak Mahindra Capital, JP Morgan India, Citigroup Global Markets India, Axis Capital, and Motilal Oswal Investment Advisors
Business Overview:
Founded in 2016 by former Flipkart executives, Groww operates a mobile-first investment platform that allows users to invest in mutual funds, stocks, ETFs, fixed deposits, and other financial products. The platform has democratized investing for millions of first-time investors in India with its user-friendly interface and paperless onboarding.
Market Position:
As of June 2025, Groww commands a market share of 26.27% with 12.6 million active clients. The company reported impressive financial performance in FY2025 with revenue of ₹4,056 crore and a healthy net profit margin of 44%.
Use of Proceeds:
The fresh capital raised will be utilized for cloud infrastructure expenditure (14.38%), brand building and performance marketing (21.22%), capital infusion in subsidiaries including NBFC and margin trading facility business, and funding inorganic growth through acquisitions.
Why This IPO Matters:
Groww represents India’s digital investment revolution. With the stock broking industry facing regulatory changes, this IPO will test investor appetite for fintech platforms and provide a benchmark valuation for the sector.
3. Reliance Jio IPO – The Mega Telecom Giant
Status: Expected in First Half of 2026
Reliance Jio Infocomm Limited, India’s largest telecom operator and a subsidiary of Reliance Industries Limited, is preparing for what could become India’s biggest-ever IPO. Chairman Mukesh Ambani confirmed at the 2025 AGM that the company is making arrangements to file for listing by June 2026.
Key Details:
- Expected Issue Size: Over ₹47,000 crore (estimated around $6.25 billion)
- Projected Valuation: Between $112 billion to $128 billion (approximately ₹9-10 lakh crore)
- Expected Timeline: First half of 2026
- Subscriber Base: Over 500 million users, commanding approximately 42% market share in India’s telecom sector
Business Overview:
Reliance Jio has revolutionized India’s digital landscape since its launch, offering telecom, broadband, OTT platforms, and digital services. The company has grown from a telecom operator to a comprehensive digital ecosystem spanning connectivity, entertainment, retail, and AI-driven platforms.
Growth Drivers:
Jio reported over 191 million 5G users as of March 2025, growing to 213 million by June 2025. The company’s broadband services reach approximately 497 million wired and wireless subscribers, dominating India’s broadband market. At the 2025 AGM, Mukesh Ambani highlighted Jio’s commitment to an “AI Everywhere for Everyone” strategy, including launches of JioPC, JioFrames, and smart home solutions.
Why This Will Be a Landmark IPO:
With an expected valuation crossing ₹10 lakh crore, the Reliance Jio IPO could become the largest listing in Indian capital market history since Reliance Petroleum. The IPO aims to unlock value for investors, fund AI and digital initiatives, and support global expansion ambitions. Unlike the Jio Financial Services demerger, RIL shareholders won’t receive direct Jio shares but will continue holding their stake through the parent company.
Understanding the IPO Process: From Application to Listing
For beginners planning to participate in these big IPOs, understanding the application and allotment process is crucial.
How to Apply for an IPO in India
Step 1: Open a Demat and Trading Account
You must have an active demat account with a SEBI-registered stockbroker to hold shares and a linked bank account for fund blocking.
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Monitor upcoming IPO announcements through your broker’s platform, stock exchange websites, or financial news portals.
Step 3: Apply Using UPI or ASBA
Most retail investors apply through the UPI method, which is simple and convenient. Log in to your broker’s platform, select the IPO, enter your UPI ID, specify the number of lots and bid price, and approve the mandate on your UPI app.
Step 4: Fund Blocking
When you submit your application, the required amount gets blocked in your bank account until allotment is finalized.
Step 5: Allotment Status
Check your allotment status 3-5 days after the IPO closes through the registrar’s website or your broker’s platform.
Step 6: Listing and Trading
If allotted, shares are credited to your demat account on the listing date. You can then hold them for long-term investment or sell them in the secondary market.
IPO Allotment Process Explained
When an IPO is oversubscribed (receives more applications than shares available), not all investors receive full allotment.
For Retail Investors:
If subscription is less than the shares offered, all applicants receive full allotment. If oversubscribed, allotment happens through computerized lottery to ensure at least one lot to as many investors as possible.
For Institutional and HNI Investors:
Allocation is made on a proportionate basis depending on the subscription level in their respective categories.
What Is Grey Market Premium (GMP)?
Grey Market Premium refers to the additional amount investors are willing to pay for IPO shares in the unofficial grey market before official listing. For example, if an IPO is priced at ₹850 per share and the GMP is ₹300, the expected listing price would be ₹1,150 (₹850 + ₹300).
While GMP can indicate market sentiment and demand for an IPO, it’s not an official indicator and can be subject to manipulation. Smart investors use GMP as one of many factors but don’t rely on it exclusively for investment decisions.
Strategies and Tips for Investing in Big IPOs
Do Your Research
Before applying for any IPO, thoroughly read the Red Herring Prospectus (RHP) available on stock exchange websites. The RHP contains detailed information about the company’s business model, financial performance, risk factors, use of proceeds, and management background.
Evaluate Company Fundamentals
Assess the company’s revenue growth trajectory, profitability margins, debt levels, competitive positioning, and industry outlook. Strong fundamentals usually translate into better long-term performance.
Check Valuation
Compare the IPO price with peer companies in the same sector. An overvalued IPO may not deliver good returns even if the company has solid fundamentals.
Understand Your Risk Appetite
IPO investing can be volatile, especially in the initial trading days. Invest only what you can afford to lose and align your IPO investments with your overall financial goals and risk tolerance.
Avoid Hype-Driven Decisions
Companies and investment banks heavily market IPOs, creating significant buzz. Don’t get swayed by hype alone. Make decisions based on objective analysis of facts and figures.
Consider the Lock-in Period
For early investors and promoters, there’s typically a lock-in period restricting share sales. Watching how the stock performs after the lock-in expires can provide insights into insider confidence.
Diversify Your Portfolio
Don’t put all your investment capital into a single IPO. Spread your investments across multiple opportunities and asset classes to manage risk effectively.
Pro Tips and Common Mistakes to Avoid
Pro Tips:
- Apply on the first day if possible to ensure your application is processed
- Use multiple demat accounts (family members) to increase allotment chances in oversubscribed IPOs
- For long-term wealth creation, hold quality IPOs beyond listing day volatility
- Monitor anchor investor participation as it often indicates institutional confidence
- Check if the IPO is primarily a fresh issue (capital raising) or offer for sale (existing shareholders exiting)
Common Mistakes to Avoid:
- Borrowing money to invest in IPOs – there’s no guarantee of returns or even allotment
- Ignoring risk factors mentioned in the prospectus
- Applying without understanding the company’s business model
- Selling immediately on listing day without considering long-term potential
- Following grey market premium blindly without fundamental analysis
- Applying in multiple names using the same PAN (this leads to application rejection)
- Missing the UPI mandate approval deadline, which results in application cancellation
Expert Insights: What Makes These IPOs Stand Out
Financial analysts highlight several factors that make these four IPOs particularly significant for India’s capital markets.
Brand Strength and Market Leadership
All four companies – Tata Capital, LG Electronics India, Groww, and Reliance Jio – are market leaders in their respective sectors with strong brand recognition among Indian consumers. This brand equity translates into business stability and growth potential.
Financial Performance Track Record
Unlike many startups going public with losses, three of these four companies (Tata Capital, LG India, and Groww) have demonstrated strong profitability and revenue growth in recent years. This financial strength reduces investment risk and enhances confidence.
Growth Runway Ahead
India’s expanding middle class, increasing digital adoption, rising credit demand, and growing consumer spending create substantial growth opportunities for these businesses. Each company is well-positioned to capitalize on these secular trends.
Post-Listing Performance Indicators
LG Electronics India’s spectacular 50%+ listing gain demonstrates strong investor appetite for quality IPOs with solid fundamentals. However, analysts caution that not all IPOs will deliver similar listing gains, making fundamental analysis essential.
Related Topics You Can Explore
- Read also: What is IPO Investment: Complete Beginner’s Guide
- Read also: Grey Market Premium (GMP) Explained for Indian Investors
Conclusion
The four big IPOs expected soon in India – Tata Capital, LG Electronics India, Groww, and Reliance Jio – represent landmark opportunities in the country’s capital markets. While Tata Capital and LG India have already listed successfully in October 2025, Groww is expected in early November 2025, and Reliance Jio is anticipated in the first half of 2026.
Each of these mega IPOs offers distinct investment propositions across financial services, consumer electronics, fintech, and telecommunications sectors. The combined capital raising potential exceeds ₹40,000 crore, signaling robust confidence in India’s economic growth story.
For investors, these IPOs present opportunities to participate in market-leading businesses with strong fundamentals and growth potential. However, it’s crucial to conduct thorough research, understand the business models, evaluate valuations, and assess your own risk appetite before applying.
Remember that IPO investing carries risks alongside opportunities. Not every IPO delivers listing gains, and long-term wealth creation depends on the underlying business performance rather than short-term market sentiment. Make informed decisions, diversify your portfolio, and invest with a clear understanding of your financial goals.
Stay updated on the latest IPO news, read the official prospectus documents, and consult with financial advisors if needed to make the most of these exciting investment opportunities in India’s dynamic capital markets.
FAQs About Big IPO Expected Soon in India
Q1. What is the minimum investment required to apply for these big IPOs?
A1. The minimum investment varies by IPO. For Tata Capital, the minimum was ₹14,996 (46 shares at ₹326), while for LG Electronics India, it was higher at ₹1,140 per share with the lot size determining total investment. Retail investors can typically apply with investments ranging from ₹10,000 to ₹15,000 per lot depending on the IPO.
Q2. Are these IPOs safe for beginner investors?
A2. While these companies have strong brand recognition and solid fundamentals, no investment is completely risk-free. Beginners should only invest money they can afford to lose, conduct proper research by reading the prospectus, and not invest solely based on brand names or market hype.
Q3. How can I check if I got allotment in an IPO?
A3. You can check your IPO allotment status on the registrar’s website (like Link Intime or KFintech) by entering your PAN, application number, or DP ID. Alternatively, check through your broker’s platform or on BSE/NSE websites. Allotment status is typically available 3-5 days after the IPO closes.
Q4. What is the difference between fresh issue and offer for sale in IPOs?
A4. In a fresh issue, the company raises new capital which goes into the company’s treasury for business growth. In an offer for sale (OFS), existing shareholders (promoters or early investors) sell their shares, and the proceeds go to them rather than the company. LG Electronics India was entirely OFS, while Tata Capital and Groww have both components.
How to Start Investing in Upcoming IPOs
If you’re excited about participating in future IPOs like Groww and Reliance Jio, here’s a quick action plan:
- Open a demat account with a trusted SEBI-registered broker if you don’t have one already
- Link your bank account and set up UPI for seamless IPO applications
- Monitor upcoming IPOs through financial news platforms, broker apps, and stock exchange websites
- Read company prospectuses carefully to understand business models and risks
- Start with smaller amounts to gain experience before committing larger capital
- Build an emergency fund and never invest money needed for essential expenses
- Learn continuously about fundamental analysis, valuation methods, and market trends
Remember, successful IPO investing requires patience, research, and disciplined decision-making. Don’t rush into every IPO; instead, focus on quality opportunities that align with your investment thesis and long-term financial goals.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. IPO investments are subject to market risks. Please read all offering documents carefully and consult with a qualified financial advisor before making investment decisions. Past performance of IPOs is not indicative of future results.
