Your Complete Guide to Upcoming IPOs in India 2025: Price, GMP & Listing Insights “

The Indian stock market remains one of the hottest investment destinations globally. Companies across sectors—from technology and manufacturing to financial services—are gearing up to raise funds through Initial Public Offerings (IPOs).

For investors looking for high ROI opportunities, staying updated on upcoming IPOs, price bands, and grey market premiums (GMP) is crucial.

What is an IPO and Grey Market Premium (GMP)?

An Initial Public Offering (IPO) is when a private company offers shares to the public for the first time. Investors can apply within a fixed or price-band range, and if allotted, they receive shares before the company is officially listed on NSE or BSE.

Grey Market Premium (GMP) is an unofficial price at which IPO shares are traded before listing.

• Positive GMP → High demand; potential for strong listing gains.
• Flat/Negative GMP → Low investor interest; cautious listing expectations.

Major Upcoming IPOs in India 2025

1. Seshaasai Technologies

• Price Band: ₹402 – ₹423
• Grey Market Premium: ~24% above upper price
• Sector: Secure printing & smart-card solutions
• Investor Insight: Strong institutional demand indicates potential for a healthy listing.

2. VMS TMT

• Price Band: ₹94 – ₹99
• Grey Market Premium: ~₹22 (~22% above issue price)
• Sector: Steel manufacturing
• Investor Insight: Benefiting from infrastructure growth, strong subscription numbers indicate bullish sentiment.

3. Dev Accelerator

• Price Band: ₹56 – ₹61
• Grey Market Premium: ~₹10 (~16% above issue price)
• Sector: Technology acceleration & product development
• Investor Insight: Attractive for investors seeking early-stage innovation exposure.

4. Atlanta Electricals

• Price Band: ₹100
• Grey Market Premium: ~13%
• Sector: Power distribution equipment
• Investor Insight: Gains from government electrification projects make it an interesting pick.

5. GK Energy

• Price Band: ₹153
• Grey Market Premium: ~12%
• Sector: Renewable energy
• Investor Insight: Rising interest from HNIs and retail investors highlights India’s green energy trend.

6. Urban Company

• Price Band: ₹103
• Grey Market Premium: ~₹28 (up from ₹10)
• Sector: Home services platform
• Investor Insight: Strong GMP reflects brand value and consumer trust.

7. Tata Capital IPO

• Price Band: To be announced
• Expected Open: October 6, 2025
• Sector: Financial services
• Investor Insight: Tata Group-backed giant; expected to be one of the year’s largest listings.

8. LG Electronics India

• Issue Size: Estimated ₹11,500 crore
• Price Band & GMP: Not released yet
• Sector: Consumer electronics
• Investor Insight: Strong global brand; expanding presence in India.

9. PhonePe IPO

• Valuation Target: ₹15,000 crore
• Price Band: To be finalized
• Sector: Fintech / UPI payments
• Investor Insight: Expected to be a blockbuster tech listing; backed by Walmart.

Why IPO Activity is Surging in India

1. Robust Economic Growth: India remains one of the fastest-growing major economies.
2. High Domestic Liquidity: Retail investors and mutual funds have significant capital to deploy.
3. Government Reforms: Simplified IPO procedures encourage more companies to list.
4. Sector Diversification: Investors are exploring technology, renewable energy, and consumer services beyond traditional banking.

Tips for Investing in Upcoming IPOs

• Read the RHP/DRHP: Analyze financial statements, revenue growth, and risk factors.
• Look Beyond GMP: Treat the grey market premium as an early sentiment indicator, not a guarantee.
• Compare Valuations: Check P/E ratios and industry benchmarks.
• Diversify Applications: Spread investments across sectors to minimize risk.
• Apply Early: Oversubscribed IPOs can limit allotment chances if you delay.

FAQs

Q1: What is Grey Market Premium (GMP)?
A: It’s the extra price traders pay unofficially before listing. A positive GMP often indicates strong demand.

Q2: Which IPOs have the highest GMP right now?
A: Seshaasai Technologies (~24%), VMS TMT (~22%), and Urban Company (~₹28 premium).

Q3: How to track live IPO GMP data?
A: Check reliable portals like NSE India, BSE India, Moneycontrol, or Economic Times.