The month of July 2025 is shaping up to be a significant one for the Indian stock market — especially for IPO investors. While June sparked hopes of a recovery in the IPO space, July is expected to carry that momentum forward. A substantial number of companies are gearing up to launch their IPOs, pushing investor expectations and enthusiasm to new highs.
This trend reflects not only the increasing depth and widespread investor participation in the market, but also the growing momentum of equity financing in India.
In this article, we will explore the upcoming IPOs in July, what they mean for investors, and the broader market outlook.
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What’s Happening?
The upcoming IPOs in July 2025 are set to bring the primary market into the spotlight once again — and could make it a historic month for Indian equities, as some major names prepare to list.
According to The Economic Times, investment bankers estimate that Indian companies could raise around $2.4 billion through IPOs this month. Companies like NSDL, Aditya Infotech, Credila Financial Services, and M&D Engineering are conducting roadshows and are expected to be listed on Indian stock exchanges soon.
Additionally, LG Electronics India is planning a blockbuster IPO worth $1.8 billion, while JSW Cement and SMPP each have offerings worth approximately $470 million in the pipeline. As per Prime Database, there are 143 Indian IPOs in the works, valued at a total of $26 billion, of which 73 have already received SEBI approval.
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Primary Market Performance in June
In June 2025 alone, eight mainboard companies raised a combined Rs 17,688.47 crore, a clear sign of growing optimism among investors and companies alike. This trend is expected to pick up further in July. Additionally, 30 companies from the SME sector joined the stock market, raising Rs 1,382.13 crore.
Upcoming IPOs in July 2025
Crizac IPO
Crizac is a leading edtech and international admission services firm that helps Indian students pursue higher education abroad. The Rs 860 crore book-built issue will open from July 2 to July 4, 2025. It is a complete Offer for Sale (OFS).
The share allotment is expected on July 7, and the listing is likely on July 9, 2025. The company has set a price band of Rs 233 to Rs 245 per share.
Anthem Biosciences IPO
Anthem Biosciences Limited, based in Bengaluru, is a Contract Research, Development, and Manufacturing Organisation (CRDMO) that serves global biotech and pharma companies. This IPO is a full OFS, with a total issue size of Rs 3,395 crore.
Travel Food Services Limited IPO
Travel Food Services Limited is a key player in India’s airport quick-service restaurant (QSR) and lounge segment. This book-built issue, also a complete OFS, is expected to be worth around Rs 2,000 crore.
As of June 30, 2024, the company operated 397 travel QSRs across India and Malaysia, with a portfolio that includes 117 partner and in-house F&B brands.
NSDL IPO
NSDL (National Securities Depository Limited) is India’s oldest and most prominent depository, offering electronic securities holding systems for demat account holders.
According to Bloomberg, the company is expected to raise around $400 million, though no official confirmation has been issued. SEBI approved the IPO in October 2024, and the issue is likely to hit the markets in July.
JSW Cement IPO
JSW Cement is preparing to launch its Rs 4,000 crore IPO in July. The timing aligns with a nationwide expansion in infrastructure projects and rising cement demand.
The company has begun pre-IPO roadshows, with senior officials — including MD Parth Jindal — meeting institutional investors to gauge sentiment and valuation expectations.
What’s in It for Investors?
The IPO rush in July 2025 presents a major opportunity for investors. Well-known names like JSW Cement may offer strong long-term returns. Similarly, IPOs from capital market-related firms such as NSDL could offer stable, long-term investment options.
June’s IPOs raised Rs 17,688 crore, signaling strong investor appetite. If market sentiment remains positive, July could witness high subscription numbers. That said, every IPO carries risk — so investors must thoroughly assess a company’s fundamentals, valuation, and market positioning before investing.
What’s Next?
July 2025 has kicked off on a high note for India’s primary market, with 26 IPOs expected in the first two weeks alone, many of which have already received investor bids.
On July 1, as many as seven companies — Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, AJC Jewel Manufacturers, Shri Harekrishna Sponge Iron, Icon Facilitators, and Abram Food — were listed simultaneously.
This shows a clear surge in IPO activity and investor interest. However, even with this flood of offerings, not every IPO will be investment-worthy. Investors should conduct thorough due diligence — evaluating fundamentals, growth potential, and valuation — before making any decisions.
*The companies mentioned in the article are for information purposes only. This is not investment advice.
*Disclaimer: Teji Mandi Disclaimer
