Mumbai: The Indian IPO market is about to get busy again. Many startup companies are planning to go public and raise fresh capital. Around 10 new-age companies are expected to raise Rs 18,000 crore through their upcoming IPOs.
These IPOs include both fresh issues and offer-for-sale (OFS) components, giving early investors a chance to exit with good returns.
Strong Exit for Venture Capital Firms
These listings will give early-stage investors much-needed liquidity, especially those who stayed through tough market conditions and funding slowdowns.
If most filings lead to successful listings, VC exits in 2025 could match or beat the record levels seen in 2024. Last year, venture investors earned USD 4.06 billion through IPO exits — up from USD 2.06 billion in 2023 and USD 1.5 billion in 2022.
Startups That Have Filed DRHP with SEBI
Startups that have filed draft papers with SEBI since late last year include:
- Meesho (Rs 4,250 crore)
- Pine Labs (Rs 2,600 crore)
- Groww
- PhysicsWallah (Rs 4,600 crore – India’s first listed edtech if approved)
- Urban Company (Rs 1,900 crore)
- Wakefit (Rs 468 crore)
- Curefoods (Rs 800 crore)
- Shiprocket & Shadowfax (Rs 2,000–Rs 2,500 crore each)
- IndiQube (Rs 850 crore)
Some filings are confidential. Most include OFS by investors like Lightspeed, Tiger Global, WestBridge, Temasek, Elevation Capital, Excel, and Peak XV.
Sector Representation and Recent Success
These companies represent sectors like fintech, e-commerce, edtech, logistics, food, and co-working.
This surge follows the successful IPO of MobiKwik, which listed at a 58 percent premium in December 2024.
The listing of Smartworks is also scheduled to open on July 10, 2025, adding to the IPO momentum.
