Open & Upcoming IPOs

Sambhv Steel Tubes will list on BSE and NSE on Wednesday, with its IPO priced at Rs 82 per share and a GMP of Rs 14, indicating a likely listing price of Rs 96, a 17% gain. The Rs 540 crore IPO, comprising a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, saw strong demand across investor categories, particularly from institutions and HNIs.

Gaja Alternative Asset Management Limited, freshly rebranded as a public limited company in January 2025, has quietly filed a draft red herring prospectus (DRHP) with SEBI, signaling its intent to list, sources tell CNBC-TV18. The private equity firm, better known as Gaja Capital, is looking to raise fresh capital through the IPO.

Initial public offerings (IPOs) allow companies to raise capital by issuing shares to the public for the first time, transitioning from private to public. Follow-on public offerings (FPOs) enable already listed companies to raise additional funds. IPOs are riskier but offer higher potential returns, while FPOs are safer, with established track records.

Kolkata-based Crizac, a global education recruitment platform, raised Rs 258 crore from 19 institutional investors via its anchor book ahead of its Rs 860-crore IPO. The IPO, comprising an offer-for-sale, opened on July 2 and closed on July 4. Shares will debut on July 9. Marquee investors like Allianz Global and Pinebridge Global participated.

Delhi-based Skyways Air Services plans to raise funds via IPO, comprising a fresh issue of 3.29 crore shares and an OFS of 1.33 crore shares. Proceeds will reduce debt by Rs 216.8 crore and cover working capital needs. Promoters Yashpal and Tarun Sharma will sell 95.8 lakh shares. The company provides air, ocean freight, and logistics services, competing with Delhivery and Mahindra Logistics.

Silky Overseas' IPO, priced at ₹153-161 per share, runs from June 30 to July 2. The home textiles manufacturer, with integrated operations, reports rising revenues and profits. The IPO seeks ₹30.68 crore for storage, debt, and corporate use. Subscription is 33% on day two. GMP is +20, suggesting a listing price of ₹181, up 12.42%.

HDB Financial Services, an HDFC Bank subsidiary, will list on BSE and NSE on July 2 after its IPO, subscribed 16.69 times, was highly successful. Analysts predict 8-10% gains. The NBFC has a diversified portfolio and strong financials, with AUM and PAT growing at 24% and 5.4% CAGR. It's the second-largest IPO in three years, valued at over ₹1.61 lakh crore, with HDFC Bank holding 94.36%.

Sambhv Steel Tubes IPO will list on June 25, with allotment finalized on June 30 and shares credited/refunds processed by July 1. The IPO saw a subscription of 28.46 times, with QIBs at 62.32 times. The price band is ₹77-82, with a fresh issue of ₹440 crore and OFS of ₹100 crore. The grey market premium is +13, indicating a strong listing.

Globe Civil Projects' shares surged 4.89% to ₹94.40 on NSE debut, rising 32.54% from the ₹71 issue price. The stock listed at a 28.3% premium, opening at ₹91.10 on BSE and ₹90 on NSE. Its IPO, featuring 1.68 crore fresh shares, was oversubscribed 80.97 times, with NIIs leading at 143.14x. Funds raised will support working capital, equipment acquisition, and corporate expenses.

Ellenbarrie shares debuted strongly on July 1, listing at ₹486 (21.5% above issue price) on NSE and ₹492 (23% above) on BSE, hitting a 10% upper circuit. The grey market premium was ₹57. The IPO, subscribed 22.19 times, highlighted strong investor demand. With EBITDA at 36% and net profit at 27%, Ellenbarrie's financials are robust, though risks include sector-specific demand fluctuations.

Credila Financial Services, a leading provider of education loans to Indian students abroad, is set to launch a Rs 5,000 crore IPO. The issue includes Rs 3,000 crore in fresh equity and Rs 2,000 crore via Offer for Sale. Proceeds will enhance capital and meet growth needs. Credila, growing at a 65% CAGR, targets the expanding education loan market, valued at Rs 19,186 billion in 2024.

HDB Financial Services Ltd.'s IPO, which closed on June 27, saw a 16.69x subscription, with shares sought worth ₹1.61 lakh crore. The grey market premium (GMP) stands at ₹67, indicating a 9% listing gain. It is the second-most subscribed Indian IPO over ₹10,000 crore, surpassing Coal India but behind SBI Cards. Allotment was completed on June 30.

Crizac’s IPO, an educational platform offering global student recruitment services, opens on July 2 with a price band of ₹233-245 per share. The IPO aims to raise ₹860 crore via an offer for sale. Revenue rose to ₹849.49 crore in FY2025, with a net profit of ₹152.93 crore. Listing is expected on July 9.

Hero Motors, an Indian auto parts maker, has filed for an IPO of up to Rs 1,200 crore ($140.1 million), with Rs 800 crore from fresh shares and Rs 400 crore from existing shareholders. The company, which supplies to BMW and Ducati, plans to use funds to reduce debt and expand its Uttar Pradesh facility. Its FY2024 net profit fell 67% due to higher expenses.

Valencia India's SME IPO allotment was finalized on July 1, 2025, with shares crediting on July 2 and listing on BSE SME on July 3. The ₹48.95 crore IPO, priced at ₹95-110 per share, saw 1.28x overall subscription. Investors can check allotment via Kfin Technologies or BSE. The company operates in real estate, FMCG, and hospitality, with a GMP of ₹0, indicating a flat listing.

Shri Hare-Krishna Sponge Iron listed at Rs 64.80 per share on NSE Emerge, marking a 10% premium over its IPO price of Rs 59. The company raised Rs 29.91 crore through its maiden SME IPO, which was subscribed 6.43 times. Proceeds will primarily fund a Rs 23 crore captive power plant at its Chhattisgarh facility.

Globe Civil Projects listed at a 28% premium, with shares opening at Rs 91.10 on BSE and Rs 90 on NSE, compared to the issue price of Rs 71. The IPO was subscribed 80.97 times, with strong demand from NIIs (143.14 times) and QIBs (82.13 times). The Rs 119 crore IPO, which closed on June 26, 2025, saw allotment on June 27.

Indogulf Cropsciences IPO allotment is likely to be declared today on the official registrar of the issue. It got subscribed 26 times on the concluding day of subscription on June 30. The investors who subscribed to the issue can check their Indogulf Cropsciences IPO allotment status on the official website of the registrar, Bigshare Services Pvt Ltd, using their application number or PAN details.

Flipkart-backed logistics startup Shadowfax has confidentially filed its DRHP to raise Rs 2,000-2,500 crore via an initial public offering (IPO). This follows recent filings by Pine Labs, Wakefit, and Curefoods. The confidential filing aims to protect sensitive information from competitors like Delhivery and Ekart, part of a growing trend among startups like Groww and PhysicsWallah.

Kalpataru shares listed at Rs 414 on NSE and Rs 414.10 on BSE, matching the IPO price. The Rs 1,590-crore IPO, with a price band of Rs 387–414, received a 2.26x subscription. The market cap post-listing was Rs 8,524.84 crore. Experts suggest partial gains on listing for short-term investors and a hold strategy for long-term believers in the company's growth potential.

Sambhv Steel Tubes will list on BSE and NSE on Wednesday, with its IPO priced at Rs 82 per share and a GMP of Rs 14, indicating a likely listing price of Rs 96, a 17% gain. The Rs 540 crore IPO, comprising a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, saw strong demand across investor categories, particularly from institutions and HNIs.

Gaja Alternative Asset Management Limited, freshly rebranded as a public limited company in January 2025, has quietly filed a draft red herring prospectus (DRHP) with SEBI, signaling its intent to list, sources tell CNBC-TV18. The private equity firm, better known as Gaja Capital, is looking to raise fresh capital through the IPO.

Initial public offerings (IPOs) allow companies to raise capital by issuing shares to the public for the first time, transitioning from private to public. Follow-on public offerings (FPOs) enable already listed companies to raise additional funds. IPOs are riskier but offer higher potential returns, while FPOs are safer, with established track records.

Kolkata-based Crizac, a global education recruitment platform, raised Rs 258 crore from 19 institutional investors via its anchor book ahead of its Rs 860-crore IPO. The IPO, comprising an offer-for-sale, opened on July 2 and closed on July 4. Shares will debut on July 9. Marquee investors like Allianz Global and Pinebridge Global participated.

Delhi-based Skyways Air Services plans to raise funds via IPO, comprising a fresh issue of 3.29 crore shares and an OFS of 1.33 crore shares. Proceeds will reduce debt by Rs 216.8 crore and cover working capital needs. Promoters Yashpal and Tarun Sharma will sell 95.8 lakh shares. The company provides air, ocean freight, and logistics services, competing with Delhivery and Mahindra Logistics.

Silky Overseas' IPO, priced at ₹153-161 per share, runs from June 30 to July 2. The home textiles manufacturer, with integrated operations, reports rising revenues and profits. The IPO seeks ₹30.68 crore for storage, debt, and corporate use. Subscription is 33% on day two. GMP is +20, suggesting a listing price of ₹181, up 12.42%.

HDB Financial Services, an HDFC Bank subsidiary, will list on BSE and NSE on July 2 after its IPO, subscribed 16.69 times, was highly successful. Analysts predict 8-10% gains. The NBFC has a diversified portfolio and strong financials, with AUM and PAT growing at 24% and 5.4% CAGR. It's the second-largest IPO in three years, valued at over ₹1.61 lakh crore, with HDFC Bank holding 94.36%.

Sambhv Steel Tubes IPO will list on June 25, with allotment finalized on June 30 and shares credited/refunds processed by July 1. The IPO saw a subscription of 28.46 times, with QIBs at 62.32 times. The price band is ₹77-82, with a fresh issue of ₹440 crore and OFS of ₹100 crore. The grey market premium is +13, indicating a strong listing.

Globe Civil Projects' shares surged 4.89% to ₹94.40 on NSE debut, rising 32.54% from the ₹71 issue price. The stock listed at a 28.3% premium, opening at ₹91.10 on BSE and ₹90 on NSE. Its IPO, featuring 1.68 crore fresh shares, was oversubscribed 80.97 times, with NIIs leading at 143.14x. Funds raised will support working capital, equipment acquisition, and corporate expenses.

Ellenbarrie shares debuted strongly on July 1, listing at ₹486 (21.5% above issue price) on NSE and ₹492 (23% above) on BSE, hitting a 10% upper circuit. The grey market premium was ₹57. The IPO, subscribed 22.19 times, highlighted strong investor demand. With EBITDA at 36% and net profit at 27%, Ellenbarrie's financials are robust, though risks include sector-specific demand fluctuations.

Credila Financial Services, a leading provider of education loans to Indian students abroad, is set to launch a Rs 5,000 crore IPO. The issue includes Rs 3,000 crore in fresh equity and Rs 2,000 crore via Offer for Sale. Proceeds will enhance capital and meet growth needs. Credila, growing at a 65% CAGR, targets the expanding education loan market, valued at Rs 19,186 billion in 2024.

HDB Financial Services Ltd.'s IPO, which closed on June 27, saw a 16.69x subscription, with shares sought worth ₹1.61 lakh crore. The grey market premium (GMP) stands at ₹67, indicating a 9% listing gain. It is the second-most subscribed Indian IPO over ₹10,000 crore, surpassing Coal India but behind SBI Cards. Allotment was completed on June 30.

Crizac’s IPO, an educational platform offering global student recruitment services, opens on July 2 with a price band of ₹233-245 per share. The IPO aims to raise ₹860 crore via an offer for sale. Revenue rose to ₹849.49 crore in FY2025, with a net profit of ₹152.93 crore. Listing is expected on July 9.

Hero Motors, an Indian auto parts maker, has filed for an IPO of up to Rs 1,200 crore ($140.1 million), with Rs 800 crore from fresh shares and Rs 400 crore from existing shareholders. The company, which supplies to BMW and Ducati, plans to use funds to reduce debt and expand its Uttar Pradesh facility. Its FY2024 net profit fell 67% due to higher expenses.

Valencia India's SME IPO allotment was finalized on July 1, 2025, with shares crediting on July 2 and listing on BSE SME on July 3. The ₹48.95 crore IPO, priced at ₹95-110 per share, saw 1.28x overall subscription. Investors can check allotment via Kfin Technologies or BSE. The company operates in real estate, FMCG, and hospitality, with a GMP of ₹0, indicating a flat listing.

Shri Hare-Krishna Sponge Iron listed at Rs 64.80 per share on NSE Emerge, marking a 10% premium over its IPO price of Rs 59. The company raised Rs 29.91 crore through its maiden SME IPO, which was subscribed 6.43 times. Proceeds will primarily fund a Rs 23 crore captive power plant at its Chhattisgarh facility.

Globe Civil Projects listed at a 28% premium, with shares opening at Rs 91.10 on BSE and Rs 90 on NSE, compared to the issue price of Rs 71. The IPO was subscribed 80.97 times, with strong demand from NIIs (143.14 times) and QIBs (82.13 times). The Rs 119 crore IPO, which closed on June 26, 2025, saw allotment on June 27.

Indogulf Cropsciences IPO allotment is likely to be declared today on the official registrar of the issue. It got subscribed 26 times on the concluding day of subscription on June 30. The investors who subscribed to the issue can check their Indogulf Cropsciences IPO allotment status on the official website of the registrar, Bigshare Services Pvt Ltd, using their application number or PAN details.

Flipkart-backed logistics startup Shadowfax has confidentially filed its DRHP to raise Rs 2,000-2,500 crore via an initial public offering (IPO). This follows recent filings by Pine Labs, Wakefit, and Curefoods. The confidential filing aims to protect sensitive information from competitors like Delhivery and Ekart, part of a growing trend among startups like Groww and PhysicsWallah.

Kalpataru shares listed at Rs 414 on NSE and Rs 414.10 on BSE, matching the IPO price. The Rs 1,590-crore IPO, with a price band of Rs 387–414, received a 2.26x subscription. The market cap post-listing was Rs 8,524.84 crore. Experts suggest partial gains on listing for short-term investors and a hold strategy for long-term believers in the company's growth potential.

Ellenbarrie Industrial Gases' Rs 853 crore IPO, listing on BSE and NSE, saw a 22.19x subscription, driven by QIBs (64.23x) and NIIs (15.21x). The grey market premium is Rs 57 over the Rs 400 issue price. Proceeds will fund debt repayment, a new unit, and corporate purposes. FY25 profit rose 84% to Rs 83.29 crore, with revenue up 20%.

Icon Facilitators, a New Delhi-based facilities management company, will debut on the BSE SME platform today after raising Rs 19.11 crore via its IPO, which closed last week. The stock may list without a premium due to muted grey market sentiment. The company reported a 154% jump in FY25 net profit to Rs 4.47 crore, with revenue growing 16% to Rs 58.07 crore.

Shri Hare-Krishna Sponge Iron's Rs 29.91 crore IPO, fully subscribed, will debut on NSE SME. The issue, priced at Rs 59 per share, received Rs 8.50 crore anchor backing. Proceeds will fund a captive power plant. The grey market premium is zero, indicating muted listing expectations. The company reported Rs 83.60 crore revenue and Rs 9.2 crore PAT for FY25.

Abram Food will debut on the BSE SME platform on Tuesday after raising Rs 14 crore via its IPO, which saw a modest response. The issue, priced at Rs 98 per share, has a GMP of Rs 0, indicating no listing-day gains. Founded in 2009, Abram Food produces and trades food products under the 'Kherliwala' brand.

Raymond Realty Ltd (RRL) is listing on stock exchanges today, July 1, after demerging from Raymond, with each Raymond shareholder receiving one RRL share. Brokerages expect strong listing performance, with target prices ranging from Rs 897 to Rs 1,383. RRL holds a 100-acre land parcel in Thane and six JDAs in Mumbai, with a total GDV of Rs 39,000 crore.

Mumbai-based Kalpataru will debut on BSE and NSE after a Rs 1,590 crore IPO, subscribed 2.31 times. The grey market premium is Rs 1.5 per share, indicating a flat listing. Proceeds will primarily repay Rs 1,192.5 crore in debt. Despite a small profit in 9MFY25, the company has steep valuations, prompting caution from analysts.

Happy Square Outsourcing Services (White Force) will launch its Rs 24.25-crore IPO on July 3, closing on July 7, with a price band of Rs 72-76 per share. The IPO comprises 31.9 lakh fresh shares. The company will use Rs 19 crore for working capital and the rest for general corporate purposes. It reported a profit of Rs 5.9 crore and revenue of Rs 97.4 crore for FY25.

Cryogenic OGS, a Gujarat-based provider of metering and filtration equipment, is launching its maiden IPO from July 3 to July 7, offering 37.8 lakh shares at Rs 44-47 each. The Rs 17.8-crore issue will list on BSE SME on July 10. Proceeds will fund working capital and corporate purposes. In FY25, the company reported a 14.5% profit rise to Rs 6.1 crore and 35.7% revenue growth to Rs 32.9 crore.

Gujarat-based German Green Steel and Power has filed a DRHP with SEBI to raise Rs 450 crore via IPO, comprising a fresh issue and offer for sale. Proceeds will fund expansion, debt repayment, and corporate purposes. The company specializes in TMT bars and operates two manufacturing facilities in Gujarat, with a focus on renewable energy.

Ace Alpha Tech's SME IPO saw 40x oversubscription, with 13.15 crore bids for 33.50 lakh shares. The retail portion was subscribed 42.03 times, NII 52.44 times, and QIB 29.39 times. Priced at ₹65-69, with a 41% GMP, the IPO aims to raise ₹32.22 crore. The company, offering financial services, reported a PAT of ₹10.65 crore in FY24, with high margins. Listing is set for July 3.

Marc Loire IPO opened on June 30, 2025, with a subscription status of 0.29 times as of 4:20 PM. The retail category was subscribed 0.08 times, and NII 0.51 times. The ₹21 crore IPO offers 21 lakh shares at ₹100 each, with a lot size of 1200 shares. Listing is set for July 7, 2022, on BSE SME. The GMP is ₹6, indicating a premium.

Mumbai-based cybersecurity firm Meta Infotech will launch its IPO on July 4, priced at Rs 153-161 per share. The issue includes 12.45 lakh fresh shares and 37.35 lakh shares offered by promoter Venu Gopal Peruri. The IPO closes on July 8, with allotment by July 9 and trading on BSE SME starting July 11. Proceeds will repay Rs 16.7 crore of debt. Hem Securities is the lead manager.

Indogulf Cropsciences' IPO saw robust subscription on Day 3, with 25.38 times overall subscription. Bids reached 33.92 crore shares against 1.33 crore offered. Retail investors subscribed 13.60 times, non-institutional investors 48.23 times, and QIBs 33.26 times, indicating strong demand across categories.

Manipal Payment and Identity Solutions Ltd (MPISL), India’s largest payment and identity card manufacturer, has filed a DRHP to raise ₹1,200 crore via IPO, valuing the company at ₹12,000 crore. The offering includes primary and secondary shares, with promoters retaining 51% post-listing. Proceeds will partly repay debt. MPISL serves major banks, fintech firms, and government departments.

Ellenbarrie Industrial Gases' Rs 852-crore IPO, priced at Rs 380-400 per share, saw strong demand with 22.7x subscription. Non-institutional investors subscribed 15x, and retail investors 2x. The company plans to use funds for debt repayment and expansion. Grey market premium rose to 13.75%. Analysts highlight strong fundamentals, with listing set for July 1.

Gaja Capital, a leading Indian private equity firm, has filed a confidential draft red herring prospectus (DRHP) with SEBI for a proposed IPO. The proceeds will fund new strategies, expand distribution, and diversify operations. Valued at ₹1,625 crore after a ₹125 crore pre-IPO round, this would mark India’s first public listing of a standalone private equity firm managing alternative assets.

Curefoods India, a multi-brand food services company, has filed an IPO with SEBI, comprising a ₹800 crore fresh issue and an offer-for-sale of 4.85 crore shares. The company, known for brands like CakeZone and Nomad Pizza, plans to use IPO proceeds for expansion, debt repayment, and investments in subsidiaries. JM Financial, IIFL Capital, and Nuvama Wealth manage the issue.

The IPO of Indogulf Cropsciences was subscribed 7 times on the final day, driven by strong demand from non-institutional investors (15.88 times) and retail investors (7.16 times). The grey market premium rose to Rs 14, indicating a 12.6% potential upside. Priced at Rs 105-111 per share, the IPO will list on July 3.

Foodlink F&B Holdings (India) has filed a DRHP with SEBI for an IPO, aiming to raise ₹160 crore via a fresh issue and offer 1.19 crore shares via OFS. Proceeds will fund new kitchens, restaurant launches, debt repayment, and corporate expenses. The Mumbai-based firm operates in luxury food services, with ₹306.38 crore revenue and ₹7.39 crore net profit for nine months ending December 2024.

Kalpataru IPO Listing: The equity shares of real estate developer Kalpataru Ltd are set to make their debut in the Indian stock market on July 1. The initial public offering (IPO) of Kalpataru received decent demand from investors, and the focus now shifts towards share listing. Kalpataru IPO listing date is July 1. The public issue was open for subscription from June 24 to June 26.

Sambhv Steel Tubes will list on BSE and NSE on Wednesday, with its IPO priced at Rs 82 per share and a GMP of Rs 14, indicating a likely listing price of Rs 96, a 17% gain. The Rs 540 crore IPO, comprising a fresh issue of Rs 440 crore and an offer for sale of Rs 100 crore, saw strong demand across investor categories, particularly from institutions and HNIs.

Gaja Alternative Asset Management Limited, freshly rebranded as a public limited company in January 2025, has quietly filed a draft red herring prospectus (DRHP) with SEBI, signaling its intent to list, sources tell CNBC-TV18. The private equity firm, better known as Gaja Capital, is looking to raise fresh capital through the IPO.

Initial public offerings (IPOs) allow companies to raise capital by issuing shares to the public for the first time, transitioning from private to public. Follow-on public offerings (FPOs) enable already listed companies to raise additional funds. IPOs are riskier but offer higher potential returns, while FPOs are safer, with established track records.

Kolkata-based Crizac, a global education recruitment platform, raised Rs 258 crore from 19 institutional investors via its anchor book ahead of its Rs 860-crore IPO. The IPO, comprising an offer-for-sale, opened on July 2 and closed on July 4. Shares will debut on July 9. Marquee investors like Allianz Global and Pinebridge Global participated.

Delhi-based Skyways Air Services plans to raise funds via IPO, comprising a fresh issue of 3.29 crore shares and an OFS of 1.33 crore shares. Proceeds will reduce debt by Rs 216.8 crore and cover working capital needs. Promoters Yashpal and Tarun Sharma will sell 95.8 lakh shares. The company provides air, ocean freight, and logistics services, competing with Delhivery and Mahindra Logistics.

Silky Overseas' IPO, priced at ₹153-161 per share, runs from June 30 to July 2. The home textiles manufacturer, with integrated operations, reports rising revenues and profits. The IPO seeks ₹30.68 crore for storage, debt, and corporate use. Subscription is 33% on day two. GMP is +20, suggesting a listing price of ₹181, up 12.42%.

HDB Financial Services, an HDFC Bank subsidiary, will list on BSE and NSE on July 2 after its IPO, subscribed 16.69 times, was highly successful. Analysts predict 8-10% gains. The NBFC has a diversified portfolio and strong financials, with AUM and PAT growing at 24% and 5.4% CAGR. It's the second-largest IPO in three years, valued at over ₹1.61 lakh crore, with HDFC Bank holding 94.36%.

Sambhv Steel Tubes IPO will list on June 25, with allotment finalized on June 30 and shares credited/refunds processed by July 1. The IPO saw a subscription of 28.46 times, with QIBs at 62.32 times. The price band is ₹77-82, with a fresh issue of ₹440 crore and OFS of ₹100 crore. The grey market premium is +13, indicating a strong listing.

Globe Civil Projects' shares surged 4.89% to ₹94.40 on NSE debut, rising 32.54% from the ₹71 issue price. The stock listed at a 28.3% premium, opening at ₹91.10 on BSE and ₹90 on NSE. Its IPO, featuring 1.68 crore fresh shares, was oversubscribed 80.97 times, with NIIs leading at 143.14x. Funds raised will support working capital, equipment acquisition, and corporate expenses.

Ellenbarrie shares debuted strongly on July 1, listing at ₹486 (21.5% above issue price) on NSE and ₹492 (23% above) on BSE, hitting a 10% upper circuit. The grey market premium was ₹57. The IPO, subscribed 22.19 times, highlighted strong investor demand. With EBITDA at 36% and net profit at 27%, Ellenbarrie's financials are robust, though risks include sector-specific demand fluctuations.

Credila Financial Services, a leading provider of education loans to Indian students abroad, is set to launch a Rs 5,000 crore IPO. The issue includes Rs 3,000 crore in fresh equity and Rs 2,000 crore via Offer for Sale. Proceeds will enhance capital and meet growth needs. Credila, growing at a 65% CAGR, targets the expanding education loan market, valued at Rs 19,186 billion in 2024.

HDB Financial Services Ltd.'s IPO, which closed on June 27, saw a 16.69x subscription, with shares sought worth ₹1.61 lakh crore. The grey market premium (GMP) stands at ₹67, indicating a 9% listing gain. It is the second-most subscribed Indian IPO over ₹10,000 crore, surpassing Coal India but behind SBI Cards. Allotment was completed on June 30.

Crizac’s IPO, an educational platform offering global student recruitment services, opens on July 2 with a price band of ₹233-245 per share. The IPO aims to raise ₹860 crore via an offer for sale. Revenue rose to ₹849.49 crore in FY2025, with a net profit of ₹152.93 crore. Listing is expected on July 9.

Hero Motors, an Indian auto parts maker, has filed for an IPO of up to Rs 1,200 crore ($140.1 million), with Rs 800 crore from fresh shares and Rs 400 crore from existing shareholders. The company, which supplies to BMW and Ducati, plans to use funds to reduce debt and expand its Uttar Pradesh facility. Its FY2024 net profit fell 67% due to higher expenses.

Valencia India's SME IPO allotment was finalized on July 1, 2025, with shares crediting on July 2 and listing on BSE SME on July 3. The ₹48.95 crore IPO, priced at ₹95-110 per share, saw 1.28x overall subscription. Investors can check allotment via Kfin Technologies or BSE. The company operates in real estate, FMCG, and hospitality, with a GMP of ₹0, indicating a flat listing.

Shri Hare-Krishna Sponge Iron listed at Rs 64.80 per share on NSE Emerge, marking a 10% premium over its IPO price of Rs 59. The company raised Rs 29.91 crore through its maiden SME IPO, which was subscribed 6.43 times. Proceeds will primarily fund a Rs 23 crore captive power plant at its Chhattisgarh facility.

Globe Civil Projects listed at a 28% premium, with shares opening at Rs 91.10 on BSE and Rs 90 on NSE, compared to the issue price of Rs 71. The IPO was subscribed 80.97 times, with strong demand from NIIs (143.14 times) and QIBs (82.13 times). The Rs 119 crore IPO, which closed on June 26, 2025, saw allotment on June 27.

Indogulf Cropsciences IPO allotment is likely to be declared today on the official registrar of the issue. It got subscribed 26 times on the concluding day of subscription on June 30. The investors who subscribed to the issue can check their Indogulf Cropsciences IPO allotment status on the official website of the registrar, Bigshare Services Pvt Ltd, using their application number or PAN details.

Flipkart-backed logistics startup Shadowfax has confidentially filed its DRHP to raise Rs 2,000-2,500 crore via an initial public offering (IPO). This follows recent filings by Pine Labs, Wakefit, and Curefoods. The confidential filing aims to protect sensitive information from competitors like Delhivery and Ekart, part of a growing trend among startups like Groww and PhysicsWallah.

Kalpataru shares listed at Rs 414 on NSE and Rs 414.10 on BSE, matching the IPO price. The Rs 1,590-crore IPO, with a price band of Rs 387–414, received a 2.26x subscription. The market cap post-listing was Rs 8,524.84 crore. Experts suggest partial gains on listing for short-term investors and a hold strategy for long-term believers in the company's growth potential.

Ellenbarrie Industrial Gases' Rs 853 crore IPO, listing on BSE and NSE, saw a 22.19x subscription, driven by QIBs (64.23x) and NIIs (15.21x). The grey market premium is Rs 57 over the Rs 400 issue price. Proceeds will fund debt repayment, a new unit, and corporate purposes. FY25 profit rose 84% to Rs 83.29 crore, with revenue up 20%.

Icon Facilitators, a New Delhi-based facilities management company, will debut on the BSE SME platform today after raising Rs 19.11 crore via its IPO, which closed last week. The stock may list without a premium due to muted grey market sentiment. The company reported a 154% jump in FY25 net profit to Rs 4.47 crore, with revenue growing 16% to Rs 58.07 crore.

Shri Hare-Krishna Sponge Iron's Rs 29.91 crore IPO, fully subscribed, will debut on NSE SME. The issue, priced at Rs 59 per share, received Rs 8.50 crore anchor backing. Proceeds will fund a captive power plant. The grey market premium is zero, indicating muted listing expectations. The company reported Rs 83.60 crore revenue and Rs 9.2 crore PAT for FY25.

Abram Food will debut on the BSE SME platform on Tuesday after raising Rs 14 crore via its IPO, which saw a modest response. The issue, priced at Rs 98 per share, has a GMP of Rs 0, indicating no listing-day gains. Founded in 2009, Abram Food produces and trades food products under the 'Kherliwala' brand.

Raymond Realty Ltd (RRL) is listing on stock exchanges today, July 1, after demerging from Raymond, with each Raymond shareholder receiving one RRL share. Brokerages expect strong listing performance, with target prices ranging from Rs 897 to Rs 1,383. RRL holds a 100-acre land parcel in Thane and six JDAs in Mumbai, with a total GDV of Rs 39,000 crore.

Mumbai-based Kalpataru will debut on BSE and NSE after a Rs 1,590 crore IPO, subscribed 2.31 times. The grey market premium is Rs 1.5 per share, indicating a flat listing. Proceeds will primarily repay Rs 1,192.5 crore in debt. Despite a small profit in 9MFY25, the company has steep valuations, prompting caution from analysts.

Happy Square Outsourcing Services (White Force) will launch its Rs 24.25-crore IPO on July 3, closing on July 7, with a price band of Rs 72-76 per share. The IPO comprises 31.9 lakh fresh shares. The company will use Rs 19 crore for working capital and the rest for general corporate purposes. It reported a profit of Rs 5.9 crore and revenue of Rs 97.4 crore for FY25.

Cryogenic OGS, a Gujarat-based provider of metering and filtration equipment, is launching its maiden IPO from July 3 to July 7, offering 37.8 lakh shares at Rs 44-47 each. The Rs 17.8-crore issue will list on BSE SME on July 10. Proceeds will fund working capital and corporate purposes. In FY25, the company reported a 14.5% profit rise to Rs 6.1 crore and 35.7% revenue growth to Rs 32.9 crore.

Gujarat-based German Green Steel and Power has filed a DRHP with SEBI to raise Rs 450 crore via IPO, comprising a fresh issue and offer for sale. Proceeds will fund expansion, debt repayment, and corporate purposes. The company specializes in TMT bars and operates two manufacturing facilities in Gujarat, with a focus on renewable energy.

Ace Alpha Tech's SME IPO saw 40x oversubscription, with 13.15 crore bids for 33.50 lakh shares. The retail portion was subscribed 42.03 times, NII 52.44 times, and QIB 29.39 times. Priced at ₹65-69, with a 41% GMP, the IPO aims to raise ₹32.22 crore. The company, offering financial services, reported a PAT of ₹10.65 crore in FY24, with high margins. Listing is set for July 3.

Marc Loire IPO opened on June 30, 2025, with a subscription status of 0.29 times as of 4:20 PM. The retail category was subscribed 0.08 times, and NII 0.51 times. The ₹21 crore IPO offers 21 lakh shares at ₹100 each, with a lot size of 1200 shares. Listing is set for July 7, 2022, on BSE SME. The GMP is ₹6, indicating a premium.

Mumbai-based cybersecurity firm Meta Infotech will launch its IPO on July 4, priced at Rs 153-161 per share. The issue includes 12.45 lakh fresh shares and 37.35 lakh shares offered by promoter Venu Gopal Peruri. The IPO closes on July 8, with allotment by July 9 and trading on BSE SME starting July 11. Proceeds will repay Rs 16.7 crore of debt. Hem Securities is the lead manager.

Indogulf Cropsciences' IPO saw robust subscription on Day 3, with 25.38 times overall subscription. Bids reached 33.92 crore shares against 1.33 crore offered. Retail investors subscribed 13.60 times, non-institutional investors 48.23 times, and QIBs 33.26 times, indicating strong demand across categories.

Manipal Payment and Identity Solutions Ltd (MPISL), India’s largest payment and identity card manufacturer, has filed a DRHP to raise ₹1,200 crore via IPO, valuing the company at ₹12,000 crore. The offering includes primary and secondary shares, with promoters retaining 51% post-listing. Proceeds will partly repay debt. MPISL serves major banks, fintech firms, and government departments.

Ellenbarrie Industrial Gases' Rs 852-crore IPO, priced at Rs 380-400 per share, saw strong demand with 22.7x subscription. Non-institutional investors subscribed 15x, and retail investors 2x. The company plans to use funds for debt repayment and expansion. Grey market premium rose to 13.75%. Analysts highlight strong fundamentals, with listing set for July 1.

Gaja Capital, a leading Indian private equity firm, has filed a confidential draft red herring prospectus (DRHP) with SEBI for a proposed IPO. The proceeds will fund new strategies, expand distribution, and diversify operations. Valued at ₹1,625 crore after a ₹125 crore pre-IPO round, this would mark India’s first public listing of a standalone private equity firm managing alternative assets.

Curefoods India, a multi-brand food services company, has filed an IPO with SEBI, comprising a ₹800 crore fresh issue and an offer-for-sale of 4.85 crore shares. The company, known for brands like CakeZone and Nomad Pizza, plans to use IPO proceeds for expansion, debt repayment, and investments in subsidiaries. JM Financial, IIFL Capital, and Nuvama Wealth manage the issue.

The IPO of Indogulf Cropsciences was subscribed 7 times on the final day, driven by strong demand from non-institutional investors (15.88 times) and retail investors (7.16 times). The grey market premium rose to Rs 14, indicating a 12.6% potential upside. Priced at Rs 105-111 per share, the IPO will list on July 3.

Foodlink F&B Holdings (India) has filed a DRHP with SEBI for an IPO, aiming to raise ₹160 crore via a fresh issue and offer 1.19 crore shares via OFS. Proceeds will fund new kitchens, restaurant launches, debt repayment, and corporate expenses. The Mumbai-based firm operates in luxury food services, with ₹306.38 crore revenue and ₹7.39 crore net profit for nine months ending December 2024.

Kalpataru IPO Listing: The equity shares of real estate developer Kalpataru Ltd are set to make their debut in the Indian stock market on July 1. The initial public offering (IPO) of Kalpataru received decent demand from investors, and the focus now shifts towards share listing. Kalpataru IPO listing date is July 1. The public issue was open for subscription from June 24 to June 26.