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The Indian stock market is brimming with anticipation as a robust lineup of upcoming IPOs in May 2025 is set to excite investors. From seasoned players in the hospitality and electronics industry to rapidly growing fintech and pharmaceutical firms, the May IPO season promises to offer a variety of investment opportunities.
In this blog, we’ll dive deep into the latest IPO news, the list of upcoming SME IPOs in May 2025, mainboard IPOs, and the anticipated IPOs for 2025. Our aim is to help you make informed investment decisions, whether you’re a first-time investor or a seasoned trader.
List of Confirmed SME IPOs in May 2025
1. Virtual Galaxy Infotech IPO
- IPO Dates: 9–14 May 2025
- Price Band: ₹135–₹142
- Issue Size: ₹93.29 crore
Virtual Galaxy Infotech, an emerging IT services provider, is coming up with its IPO this May. The company offers software development and cloud-based IT solutions, which are gaining traction among SMEs and startups.
2. Accretion Pharmaceuticals IPO
- IPO Dates: 14–16 May 2025
- Price Band: ₹96–₹101
- Issue Size: ₹29.75 crore
Accretion Pharmaceuticals focuses on generic and specialty drugs with manufacturing capabilities that comply with global standards. With the increasing demand for healthcare and affordable medicine, this IPO has attracted significant interest.
3. Integrity Infrabuild IPO
- IPO Dates: 13–15 May 2025
- Price Band: ₹100 (Fixed Price)
- Issue Size: ₹12 crore
A construction and infrastructure development firm, Integrity Infrabuild is known for small to mid-sized projects and timely execution. The company plans to use the proceeds to expand its project pipeline and upgrade machinery.
Mainboard IPOs Expected in May 2025
1. Schloss Bangalore Hotel Leela IPO
- IPO Type: Fresh Issue + Offer for Sale
- Estimated Size: ₹5000 crore
One of the most anticipated upcoming IPOs in May 2025, Hotel Leela’s parent company Schloss Bangalore, plans to enter the capital market. The funds will primarily be used for debt repayment and expansion of new luxury properties across India.
2. LG Electronics India IPO
- IPO Type: Offer for Sale
- Estimated Size: Not disclosed
South Korean giant LG is divesting a portion of its Indian subsidiary via an Offer for Sale OFS. With over two decades in the Indian market, LG Electronics India is a household name in consumer electronics and white goods.
3. Avanse Financial Services IPO
- IPO Type: Fresh Issue + OFS
- Estimated Size: ₹3500 crore
Avanse Financial Services, a leader in education loans, aims to raise capital to scale its loan book and invest in technology infrastructure. The IPO is expected to attract both retail and institutional investors.
Most Anticipated IPOs in 2025 Dates TBA
While not all IPOs have confirmed dates, the following companies are expected to go public in 2025. These listings may not fall in May specifically, but they are part of the most anticipated IPOs in India this year.
1. Reliance Jio IPO
A potential game-changer in the IPO market, Reliance Jio’s IPO could be India’s largest public offering ever, with valuations pegged at over 100 billion dollars. Retail participation is expected to begin much later in the year.
2. JSW Cement IPO
Approved by SEBI, the JSW Cement IPO is set to raise up to ₹4000 crore. The company aims to use the proceeds to expand its manufacturing capacity and strengthen its market position.
3. Urban Company IPO
The leading home services startup is planning to go public to scale operations and enhance customer experience. This IPO is anticipated to be one of the most closely watched tech listings of 2025.
4. PharmEasy IPO
India’s leading online pharmacy and diagnostics platform, PharmEasy, is preparing for a major public debut. Investors are eyeing this IPO due to the company’s large market share and future growth potential.
5. Zepto IPO
Zepto, the quick commerce startup known for delivering groceries in under 10 minutes, is expected to file for its IPO soon. It has seen rapid growth in urban markets, making it an attractive option for new-age investors.
6. NSDL National Securities Depository Limited IPO
A critical player in India’s capital markets infrastructure, NSDL aims to go public to improve transparency and support its digital initiatives.
7. Canara HSBC Life Insurance IPO
Backed by a strong distribution network, this insurance company is another strong contender for a successful IPO in 2025.
8. Canara Robeco AMC IPO
With growing interest in mutual funds, the Canara Robeco AMC IPO is expected to generate strong demand, especially among long-term investors.
Why You Should Track Upcoming IPOs
Understanding and tracking upcoming IPOs in May 2025 can be beneficial for a variety of reasons:
1. Diversification Opportunities
New IPOs give investors a chance to diversify their portfolios by entering companies from new or emerging sectors.
2. Long-Term Growth Potential
Many IPOs—particularly those from high-growth sectors like tech, fintech, and pharma—can yield significant long-term returns.
3. Discounted Entry Valuations
Early-stage participation through IPOs often comes at a lower valuation, offering higher upside potential.
4. Retail Participation Incentives
Some IPOs offer reserved quotas or price discounts for retail investors, providing them an edge.
How to Apply for an IPO in India
To apply for any IPO in India, follow these steps:
- Open a demat and trading account with a registered broker
- Ensure your bank account is linked to your PAN and demat account
- Use platforms like Zerodha, Upstox, Groww, or your bank’s ASBA facility to apply
- Monitor allotment status through BSE NSE portals
Market Sentiment for May 2025
According to BSE’s CEO, over 90 companies are preparing to launch IPOs in 2025, with a collective goal to raise approximately ₹1 trillion. This optimism is driven by strong GDP growth, higher retail participation, and favorable regulatory conditions.
Conclusion
With so many exciting upcoming IPOs in May 2025, investors have a golden opportunity to explore diversified and potentially high-growth investments. Whether you’re interested in small-cap innovations like Virtual Galaxy Infotech or established industry players like Hotel Leela, the IPO market this year is expected to be one of the most active in India’s financial history.
Stay updated, do your due diligence, and consult with a financial advisor before investing.
